Shipping in Bermuda

Bermuda provides a clear and internationally aligned tax framework for global businesses, including the introduction of Corporate Income Tax for in-scope large multinational enterprise groups. This gives shipping groups the clarity needed to structure and manage international operations with confidence.

Bermuda is recognised for strong regulatory standards and international cooperation, including alignment with global expectations on BEPS, economic substance, transparency and exchange of information, Common Reporting Standard requirements and AML/ATF standards. The EU’s current list of non-cooperative tax jurisdictions does not include Bermuda, which is an important reputational differentiator for internationally active businesses.

Bermuda offers a respected registry, experienced maritime professionals and survey capability supported from Bermuda, London and appointed surveyors in strategic locations around the world.

As one of the world’s leading centres for risk, insurance and capital, Bermuda gives shipping businesses proximity to deep expertise in re/insurance, financing, corporate structuring and professional services.

Bermuda is a self-governing British Overseas Territory with a stable political environment, a long-established courts system and a sophisticated business ecosystem. For shipping groups seeking a credible base for global operations, Bermuda offers substance as well as access.