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Passive Income - Living in Bermuda

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mfortune
5/20/2019 11:17 EST

I'd like to know if it's possible to live in Bermuda full time if I have a passive income from the states that would allow this. Not just 3-6 months but full time, I don't see any way to become a permanent resident through the traditional methods of having relatives or other means. I see getting a work permit, but I don't want to work or get a job just so I can live there when I don't have to. Anyone know if this is possible?

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bigphil
5/20/2019 13:42 EST

From the sound of it, what you are asking is not possible.

If you're not a citizen or permanent resident, you're either a tourist or you're on a work permit.

Marry a Bermudian and everything changes, of course.

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CWBda
5/23/2019 15:21 EST

There are ways to obtain residency in Bermuda, but you must be "tied" to the island somehow - marriage, relative, have been living there for years upon years. You can't just move to Bermuda and live there. The island has strict policies when it comes to immigration and residency.

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highlandspring
9/8/2019 09:28 EST

Yes this is possible, if you set up a corporation here you can get yourself a work permit as a senior officer - CEO.

As long as the business exists you can renew your visa.

You'll need to pay health care levies and other state taxes based on a notional min income $150K from memory.

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