BERMUDA, No tax, but watch what you bring with you
Bermuda is an island under British rule in the North Atlantic Ocean, renowned for its pink sand beaches such as Elbow Beach and Horseshoe Bay.
The island is characterized by the typical blend of English and American culture.
There is no income tax, no capital gains tax, and there is no value added tax either.
There is only a payroll tax, levied on employers and employees.
However, there are customs fees.
And be careful.
Because these also affect the value of some personal goods you bring to Bermuda when you move there.
However, there are exemptions for retirees over sixtyfive.
If you wish to live there you will need to apply for a residency certificate.
There are several ways to move to Bermuda, one of them is to fall into the category of over fiftys with sufficient financial means.
In this case you should also be in possession of a property in Bermuda.
In the next episode on Bermuda, we will see what it is like to live in Bermuda, who are the expatriates who prefer this destination,
and if it is a safe place
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