{"id":17972,"date":"2022-09-20T13:17:24","date_gmt":"2022-09-20T17:17:24","guid":{"rendered":"https:\/\/trendingsimple.com\/retire-bermuda\/"},"modified":"2022-09-20T13:17:24","modified_gmt":"2022-09-20T17:17:24","slug":"retire-bermuda","status":"publish","type":"post","link":"https:\/\/trendingsimple.com\/bermuda\/retire-bermuda\/","title":{"rendered":"Can you retire to Bermuda?"},"content":{"rendered":"<p>Bermuda is the perfect retirement or semi-retirement destination. Okay, so there&#39;s the iconic beaches and glorious weather but the island also has countless fantastic activities available all year round, including: Sailing on the cerulean waters around the island.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 ez-toc-wrap-center counter-flat ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/trendingsimple.com\/bermuda\/retire-bermuda\/#can-you-retire-to-bermuda\" title=\"Can you retire to Bermuda?\">Can you retire to Bermuda?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/trendingsimple.com\/bermuda\/retire-bermuda\/#how-much-do-i-need-to-retire-in-bermuda\" title=\"How much do I need to retire in Bermuda?\">How much do I need to retire in Bermuda?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/trendingsimple.com\/bermuda\/retire-bermuda\/#is-bermuda-a-good-place-to-retire-to\" title=\"Is Bermuda a good place to retire to?\">Is Bermuda a good place to retire to?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/trendingsimple.com\/bermuda\/retire-bermuda\/#can-you-just-move-to-bermuda\" title=\"Can you just move to Bermuda?\">Can you just move to Bermuda?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/trendingsimple.com\/bermuda\/retire-bermuda\/#can-i-live-in-bermuda-as-a-us-citizen\" title=\"Can I live in Bermuda as a US citizen?\">Can I live in Bermuda as a US citizen?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/trendingsimple.com\/bermuda\/retire-bermuda\/#can-i-live-in-bermuda-as-an-american\" title=\"Can I live in Bermuda as an American?\">Can I live in Bermuda as an American?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/trendingsimple.com\/bermuda\/retire-bermuda\/#how-long-can-a-us-citizen-live-in-bermuda\" title=\"How long can a US citizen live in Bermuda?\">How long can a US citizen live in Bermuda?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/trendingsimple.com\/bermuda\/retire-bermuda\/#do-us-citizens-pay-taxes-in-bermuda\" title=\"Do US citizens pay taxes in Bermuda?\">Do US citizens pay taxes in Bermuda?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/trendingsimple.com\/bermuda\/retire-bermuda\/#do-you-pay-taxes-in-bermuda\" title=\"Do you pay taxes in Bermuda?\">Do you pay taxes in Bermuda?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/trendingsimple.com\/bermuda\/retire-bermuda\/#do-you-pay-income-tax-in-bermuda\" title=\"Do you pay income tax in Bermuda?\">Do you pay income tax in Bermuda?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/trendingsimple.com\/bermuda\/retire-bermuda\/#is-it-expensive-to-live-in-bermuda\" title=\"Is it expensive to live in Bermuda?\">Is it expensive to live in Bermuda?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/trendingsimple.com\/bermuda\/retire-bermuda\/#what-language-is-spoken-in-bermuda\" title=\"What language is spoken in Bermuda?\">What language is spoken in Bermuda?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/trendingsimple.com\/bermuda\/retire-bermuda\/#how-safe-is-bermuda\" title=\"How safe is Bermuda?\">How safe is Bermuda?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/trendingsimple.com\/bermuda\/retire-bermuda\/#what-kind-of-food-do-they-eat-in-bermuda\" title=\"What kind of food do they eat in Bermuda?\">What kind of food do they eat in Bermuda?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/trendingsimple.com\/bermuda\/retire-bermuda\/#how-do-i-become-a-resident-of-bermuda\" title=\"How do I become a resident of Bermuda?\">How do I become a resident of Bermuda?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/trendingsimple.com\/bermuda\/retire-bermuda\/#does-bermuda-get-cold\" title=\"Does Bermuda get cold?\">Does Bermuda get cold?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/trendingsimple.com\/bermuda\/retire-bermuda\/#can-you-buy-residency-in-bermuda\" title=\"Can you buy residency in Bermuda?\">Can you buy residency in Bermuda?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/trendingsimple.com\/bermuda\/retire-bermuda\/#is-bermuda-a-nice-place-to-live\" title=\"Is Bermuda a nice place to live?\">Is Bermuda a nice place to live?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/trendingsimple.com\/bermuda\/retire-bermuda\/#is-there-poverty-in-bermuda\" title=\"Is there poverty in Bermuda?\">Is there poverty in Bermuda?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/trendingsimple.com\/bermuda\/retire-bermuda\/#what-celebrities-live-in-bermuda\" title=\"What celebrities live in Bermuda?\">What celebrities live in Bermuda?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/trendingsimple.com\/bermuda\/retire-bermuda\/#what-food-is-bermuda-famous-for\" title=\"What food is Bermuda famous for?\">What food is Bermuda famous for?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/trendingsimple.com\/bermuda\/retire-bermuda\/#what-percentage-of-bermudians-are-white\" title=\"What percentage of Bermudians are white?\">What percentage of Bermudians are white?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/trendingsimple.com\/bermuda\/retire-bermuda\/#is-bermuda-overpopulated\" title=\"Is Bermuda overpopulated?\">Is Bermuda overpopulated?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/trendingsimple.com\/bermuda\/retire-bermuda\/#are-american-dollars-accepted-in-bermuda\" title=\"Are American dollars accepted in Bermuda?\">Are American dollars accepted in Bermuda?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/trendingsimple.com\/bermuda\/retire-bermuda\/#why-is-bermuda-so-rich\" title=\"Why is Bermuda so rich?\">Why is Bermuda so rich?<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"can-you-retire-to-bermuda\"><\/span>Can you retire to Bermuda?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bermuda is the perfect retirement or semi-retirement destination. Okay, so there&#39;s the iconic beaches and glorious weather but the island also has countless fantastic activities available all year round, including: Sailing on the cerulean waters around the island.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"how-much-do-i-need-to-retire-in-bermuda\"><\/span>How much do I need to retire in Bermuda?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bermuda is also the most expensive country in the world to retire. You would need $1,065,697 to maintain NetCredit&#39;s example lifestyle there.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"is-bermuda-a-good-place-to-retire-to\"><\/span>Is Bermuda a good place to retire to?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bermuda is the perfect retirement or semi-retirement destination. Okay, so there&#39;s the iconic beaches and glorious weather but the island also has countless fantastic activities available all year round, including: Sailing on the cerulean waters around the island.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"can-you-just-move-to-bermuda\"><\/span>Can you just move to Bermuda?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>If you&#39;re married to a Bermudian resident, you can move to the island whenever you like. For anybody wishing to move permanently to the island who isn&#39;t moving to join their Bermudian spouse, it&#39;s necessary to secure a job on the island beforehand.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"can-i-live-in-bermuda-as-a-us-citizen\"><\/span>Can I live in Bermuda as a US citizen?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>It&#39;s only a two-hour flight or less from the East Coast and the perfect place to relax or work. Over 20&#37; of the population of Bermuda is made up of employed expatriates and if you&#39;re a citizen of the US, you don&#39;t require any kind of visa to enter the beautiful island.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"can-i-live-in-bermuda-as-an-american\"><\/span>Can I live in Bermuda as an American?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>For many Americans, Bermuda is a popular bolthole. It&#39;s only a two-hour flight or less from the East Coast and the perfect place to relax or work. Over 20&#37; of the population of Bermuda is made up of employed expatriates and if you&#39;re a citizen of the US, you don&#39;t require any kind of visa to enter the beautiful island.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"how-long-can-a-us-citizen-live-in-bermuda\"><\/span>How long can a US citizen live in Bermuda?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Visitors are always welcome on the friendly island of Bermuda and can stay for 3 months on vacation up to six months with a short-term permit visa if approved. Bermuda requires that you have adequate unused pages in your passport. This allows for any necessary stamps upon arrival and departure.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"do-us-citizens-pay-taxes-in-bermuda\"><\/span>Do US citizens pay taxes in Bermuda?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bermuda has no income tax, no capital gains tax, no investment or dividends tax, and no VAT. Instead of an income tax, Bermuda levies a payroll tax on employers of up to 14.5&#37; of employees salaries, up to 8.5&#37; of which can be recouped from employees.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"do-you-pay-taxes-in-bermuda\"><\/span>Do you pay taxes in Bermuda?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bermuda is considered a tax haven; however, Bermuda does levy a number of taxes, such as a payroll tax on employers and land taxes. There is no corporate income tax in Bermuda, and a company is considered a tax resident of Bermuda if it is incorporated in the country.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"do-you-pay-income-tax-in-bermuda\"><\/span>Do you pay income tax in Bermuda?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Individuals in Bermuda don&#39;t pay personal income tax. Instead, the Government of Bermuda levies a Payroll Tax.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"is-it-expensive-to-live-in-bermuda\"><\/span>Is it expensive to live in Bermuda?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bermuda has the highest cost of living index, including rent, at 114.03&#37;, followed by the Cayman Islands at 109.49&#37;. Their positions flip if rent is factored out, with the Caymans at 141.64&#37; and Bermuda at 138.22&#37;.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"what-language-is-spoken-in-bermuda\"><\/span>What language is spoken in Bermuda?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The predominant language on Bermuda is Bermudian English. It exhibits characteristics of English as spoken on the Atlantic Seaboard of the United States of America (especially in the region around Virginia), in the Canadian Maritimes, southern England, and parts of the British West Indies.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"how-safe-is-bermuda\"><\/span>How safe is Bermuda?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bermuda has a moderate crime rate driven in part by the drugs scene. Serious incidents, including use of weapons, do occur. Take precautions to safeguard yourself and your possessions. Common crimes include burglary, mugging, theft of unattended baggage and belongings, and theft of items from rental scooters.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"what-kind-of-food-do-they-eat-in-bermuda\"><\/span>What kind of food do they eat in Bermuda?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>You&#39;ll taste the various ethnic influences in these typical Bermudian dishes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"how-do-i-become-a-resident-of-bermuda\"><\/span>How do I become a resident of Bermuda?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Persons wishing to reside in Bermuda must apply for permission to the Minister responsible for Immigration (the \u201cMinister\u201d). Permission to Reside on an Annual Basis allows an applicant to reside in Bermuda on an annual basis and can be renewed at least 3 months in advance of expiry of the one year term.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"does-bermuda-get-cold\"><\/span>Does Bermuda get cold?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Nab low hotel rates during low season (November\u2013February) Visitors from northern climes may not consider the temperatures at this time of year to be anywhere near \u201ccold\u201d \u2013 on average, daytime highs are between 60\u00baF and 70\u00baF, occasionally dipping into the high 50s \u2013 but locals bring out parkas and sweaters.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"can-you-buy-residency-in-bermuda\"><\/span>Can you buy residency in Bermuda?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>If you have a Permanent Resident&#39;s Certificate (PRC), you have the right to live and work in Bermuda and to purchase Bermuda property with a lower Annual Rental Value (ARV). The Bermuda Immigration and Protection Amendment Act 2021 will be brought into force on 1 December 2021.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"is-bermuda-a-nice-place-to-live\"><\/span>Is Bermuda a nice place to live?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The Government and Community The island enjoys a high standard of living, which ties back to the significant presence of international business in Bermuda. Although the Bermudian people work hard to earn a living, everyone makes time to relax and embrace the beautiful natural environment.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"is-there-poverty-in-bermuda\"><\/span>Is there poverty in Bermuda?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Living Standards in Bermuda Although there is hardly any poverty in Bermuda, the low income line is around $27,000 per year. If one is below this earning line, one is said to be poor in Bermuda and will struggle to survive without an aid.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"what-celebrities-live-in-bermuda\"><\/span>What celebrities live in Bermuda?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>We will point out the homes of the rich and famous \u2013 such as Michael Douglas and Catherine Zeta-Jones; James Martin, Pioneer of Texas Instrument; playwright Eugene O&#39;Neal, who&#39;s daughter was married to Charlie Chaplin; and illustrator William Denslow, most famous for his work on the \u201cWizard of Oz\u201d.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"what-food-is-bermuda-famous-for\"><\/span>What food is Bermuda famous for?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bermuda Specialties<\/p>\n<h3><span class=\"ez-toc-section\" id=\"what-percentage-of-bermudians-are-white\"><\/span>What percentage of Bermudians are white?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Present. The 2010 Bermudian Census found that White Bermudians accounted for 31&#37; of the territory&#39;s total population, with a further 7&#37; of Bermuda&#39;s population self-identifying as being of mixed African and European descent.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"is-bermuda-overpopulated\"><\/span>Is Bermuda overpopulated?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>And what&#39;s the most densely populated country or territory? It&#39;s Dutch St Maarten, with 1,150 inhabitants per square kilometre. While it&#39;s only sometimes considered part of the Caribbean, Bermuda would lead the list by far \u2014 with a population density of 1,296 people per square kilometre.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"are-american-dollars-accepted-in-bermuda\"><\/span>Are American dollars accepted in Bermuda?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bermuda and the U<br \/> Dollar are accepted interchangeably. When dispensing change, most retailers and businesses will try to provide change in U<br \/> dollars to visitors. Canadian dollars, British pounds and other foreign currencies need to be exchanged at local banks. ATMs are widely available.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"why-is-bermuda-so-rich\"><\/span>Why is Bermuda so rich?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bermuda has also developed into a highly successful offshore financial center and the island ranks among the wealthiest mostly because of international businesses, like insurance and financial services companies that operate in the country. These businesses account for around 85&#37; of Bermuda&#39;s GDP.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bermuda is the perfect retirement or semi-retirement destination. Okay, so there&#39;s the iconic beaches and glorious weather but the island also has countless fantastic activities available all year round, including: Sailing on the cerulean waters around the island. Can you retire to Bermuda? Bermuda is the perfect retirement or semi-retirement destination. Okay, so there&#39;s the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18146,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Can you retire to Bermuda? - Trending Simple<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trendingsimple.com\/bermuda\/retire-bermuda\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Can you retire to Bermuda? - Trending Simple\" \/>\n<meta property=\"og:description\" content=\"Bermuda is the perfect retirement or semi-retirement destination. Okay, so there&#039;s the iconic beaches and glorious weather but the island also has countless fantastic activities available all year round, including: Sailing on the cerulean waters around the island. Can you retire to Bermuda? Bermuda is the perfect retirement or semi-retirement destination. 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