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Bermuda Expat Forum

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?

XBDA
9/24/2019 04:36 EST

Right -- if you are willing to set up a dummy company and lie to immigration officials, you might be able to convince them that you are an investor coming to Bermuda to hire people with "Bermudian" status. Then they might give you a work permit as the "CEO" of your fake company, allowing you to live in Bermuda. That would be completely illegal, but if you hire the right lawyer and if the government official is gullible enough, you might get away with it, That's a pretty risky and expensive thing to try, though, when you could find another low-tax area that actually wants retirees to move there.

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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.

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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William Russell Health InsuranceExpat Health Insurance

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Get a quote for international health insurance from our partner, William Russell.
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Bermuda GuideBermuda Guide
Learn what members have to say about living in Bermuda.

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