Employer Of Record in Bermuda
We make it easy and painless to expand your business into Bermuda. Forget about dealing with local regulations, confusing tax laws and international payroll management. We take care of all that so you don't have to.

Accelerate your growth into Bermuda Compliantly and hassle-free
How we can help you expand in Bermuda
As your EOR in Bermuda we’d help you expand by hiring employees and running their payroll without establishing a local branch office or subsidiary.
Your candidate is hired by a PEO in Bermuda provider in accordance with local labor laws and can be onboarded in days instead of the months it typically takes. Shortly after, your new employee will be working for you, just like any other member of your team.


Expand to Bermuda with Serviap Global
Through our PEO and EOR services, you can hire qualified talent in your industry without the trouble of opening your own legal entity.
In just a few days, you can easily and safely build a presence in Bermuda, being sure that your staff will be hired in compliance with labor and tax regulations
Quick Facts
Currency:
Bermudian Dollar (BMD)
Capital:
Hamilton
Payroll Cycle:
Monthly
Language:
English
Bermuda Country Facts
The Economy
Population Characteristics
Economic Opportunities
Key Sectors of the National Economy
- Asset Management: Bermuda hosts over 2,000 funds from the top US and European private equity groups
- Insurance & Risk: The island has over 50 years of experience in the insurance and risk management industry
- Climate Risk: Bermuda is one of the world’s key markets in the climate risk insurance industry Bermuda is also a leader in infrastructure industries and high-net-worth services. Any business that deals in large sums of money should see Bermuda as a desirable location for operations outsourcing.
Prominent Cities for Business
- St. George’s and The East End: St. George is the location of top attractions in Bermuda, historic sites, and nature reserves.
- Hamilton and Central Bermuda: Bermuda’s capital is located in the area. It’s also home to the harbor and the epicenter of city living on the island.
- Royal Naval Dockyard and The West End: This area is one of the islands’ most popular destinations, home to many beaches and cruise ship ports.
Technological Ecosystem
Facilities for Foreign Investment
Business Culture in Bermuda
Bermuda Gastronomy: Regional and Traditional Cuisines
General Highlights
Year | 2022 |
Country | Bermuda |
Capital | Hamilton |
Num. States / Province | 7 islands |
Principal Cities | The regions: Hamilton, Sandys, Southampton, Pembroke, St George’s |
Language | English and Portuguese |
Local Currency | Bermudan Dollar (BMD) |
Major Religion | Christianity |
Date Format | DD/MM/YY |
Thousands Separator Format | 999,999,999.99 |
Country Dial Code | +1-141 |
Time Zone | AST (UTC -4) |
Population | 63,900 |
Border Countries | East of Cape Hatteras (North Carolina, U.S.) |
Continental surface | 53.2 km2 |
Fiscal Year | 1 April through 31 March |
VAT % | There is no VAT or sales tax in Bermuda |
Minimum Wage | Range from $13.20 to $17.30 an hour de- pending on the industry |
Taxpayer Identification Number Name in the country | Bermuda does not issue tax identification numbers (TINs) or equivalent identifiers for tax purposes |
Current President | Monarch Elizabeth II Governor Rena Lalgie Premier Edward David Burt |
Laws and Agencies that regulate labor relationships
Laws | Brief Description |
Constitution | Formed in 1968 |
Labor Code | Employment Act 2000 |
Tax Code | Office of the Tax Commissioner (OTC) |
Social Security | Contributory Pensions Fund |
Key Tax and Labor Authorities
Office of the Tax Commissioner (OTC) | Bermuda’s tax office |
Labour & Industrial Relations Department | Certifies unions, helps with resolutions, etc. |
Labor Contracts
Employment Act 2000 | This act was updated in 2021 and applies to anyone who works more than 15 hours |
Workers Compensation Act 1965 | All businesses located in Bermuda are liable for workplace accidents |
The Human Rights Act 1981 | This act outlines how both the employer and employee are protected |
Occupational Safety and Health Act 1982 | All employers must have a committee to review health and safety standards. The employees should be safe from harmful substances, tobacco, machinery, radiation and have clean air. |
Work Hours | The standard is 8 hours a day or 40 hours per week, Mondays to Fridays |
Payroll
Minimum Wage (National Council on Wages) | $13.20 to $17.30 depending on the industry |
Overtime | (1) Any hours worked by an employee in excess of forty hours a week shall either— (a) be paid at the overtime rate; or (b) be paid at the employee’s normal hourly wage and compensated by giving him the same number of hours off in lieu |
Occupational risk insurance | Although not required, without it you open yourself up to legal repercussions. |
Vacations or PTO | (1) An employee shall be entitled to a period of two weeks annual vacation after he has completed— (a) the first year of continuous employment; and (b) each subsequent year of continuous employment, but such periods of vacation are not cumulative |
Leaves of Absence Employees have the right to paid absences for the following things: | Ante-natal care: An employee who is pregnant and who has, on the advice of a registered medical practitioner, made an appointment to receive antenatal care, is entitled to take time off during her working hours to attend the appointment Maternity leave: 12 weeks coverage consisting of 8 weeks paid leave and 4 weeks unpaid leave Sick leave: An employee who has completed at least one year of continuous employment shall be entitled to be paid at his/her normal hourly wage eight days per year when he or she is unable to work due to sickness or injury. If an employee will be out sick for two or more days, the employer can require the employee to provide a certificate from a registered medical certifying the practitioner has examined the employee and determined that he or she is unable to work due to sickness or injury Bereavement leave : (a) three consecutive days on the death of a member of the employee’s immediate family; or (b) five consecutive days in order to attend the funeral of a member of the employee’s immediate family overseas. |
Public Holidays
Date | Holiday Name |
1 January | New Year’s Day |
Friday before Easter Sunday | Good Friday |
28 May | Bermuda Day |
21 June | National Heroes Day |
29 July | Emancipation Day |
30 July | Mary Prince Day |
6 September | Labour Day |
11 November | Remembrance Day |
25 December | Christmas Day |
26 December | Boxing Day |
Type of Termination | Brief Description |
Justified Dismissal | 1. In lieu of providing notice of termination of employment in accordance with section 20, an employer may, at his discretion, pay an employee a sum equal to the wages and other remuneration and confer on him all other benefits that would have been due up until the expiry of any required period of notice. Termination of employment means termination by reason of— b. redundancy c. the winding up or insolvency of an employer d. the death of an employer e. the death of an employee from an occupational disease or accident resulting from that employment. Severance allowance is not payable where an employee— (a) unreasonably refuses to accept an offer of reemployment by the employer at the same place of work under no less favorable terms than he was employed; immediately prior to the termination (b) is employed by a partnership and his employment ceases on the dissolution of the partnership and—(i) he enters into employment with one or more of the partners immediately after the dissolution |
Unjustified Dismissal | AThe following do not constitute valid reasons for dismissal or the imposition of disciplinary action— an employee’s race, sex, religion, colour, ethnic origin, national extraction, social origin, political opinion, disability or marital status a. an employee’s age, subject to any other enactment or any relevant collective agreement regarding retirement b. any reason connected with an employee’s pregnancy, unless it involves absence from work which exceeds allocated leave entitlement c. an employee’s trade union activity d. an employee’s temporary absence from work because of sickness or injury, unless it occurs frequently and exceeds allocated leave entitlement e. an employee’s absence from work for any of the reasons mentioned in section 13 (public duties), or due to service as a volunteer fire officer f. an employee who removes himself from a work situation which he reasonably believes presents an imminent and serious danger to life or health g. an employee’s participation in any industrial action which takes place in conformity with the Labour Relations Act 1975 h. the filing of a complaint or the participation in proceedings against an employer involving alleged violations of this Act. |
Voluntary Resignation | 2. Where an employee terminates his contract of employment without notice in circumstances in which notice was required, and his employer has not waived the right to notice, the employee shall be entitled only to such wages and other remuneration which accrued at the date of termination |
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