Bermuda: Corporate Tax

In recent years, the cruise ship market has witnessed a significant shift in corporate strategy, with major cruise companies increasing their presence in Bermuda through the redomiciliation of corporate entities. Industry giant Norwegian Cruise Line strategically moved its group companies from jurisdictions including the Marshall Islands and Delaware to Bermuda in 2022, joining Viking and Virgin Voyages who were already domiciled in Bermuda.

On 21 November 2025, the Government of Bermuda tabled the Tax Credits Act 2025 (the "TCA").

On 4 September 2025, the Government of Bermuda launched a public consultation on draft legislation proposing the introduction of three new tax credits under the Corporate Income Tax regime.

There is an exemption from the economic substance requirements for entities that are resident for tax purposes in a jurisdiction outside of Bermuda that is acceptable to the Registrar of Companies...

This article explores some important Bermuda stamp duty implications applicable to instruments that trustees of Bermuda law trusts often enter into.

The economic substance standards are a global tax policy initiative driven by the Organisation for Economic Cooperation & Development (OECD) (and specifically the OECD's Forum on Harmful Tax Practices (FHTP))...