🇧🇲 Bermuda vs 🇬🇩 Grenada
Complete Tax Residency Comparison for Digital Nomads & Entrepreneurs
Quick Comparison
| Factor | 🇧🇲 Bermuda | 🇬🇩 Grenada |
|---|---|---|
| Tax System | Zero Tax | Low Tax |
| Income Tax (Foreign) | 0% | 0-30% |
| Capital Gains Tax | 0% | 0% |
| Corporate Tax | 0% | 28% |
| Residency Requirement | Work permit or property | CBI ($150k donation) |
| Minimum Stay | None | None |
| Cost of Living | Very High ($6,000-10,000/mo) | Moderate ($2,000-3,500/mo) |
🇧🇲 Bermuda
Highlights
- ✅Zero personal tax
- ✅British territory
- ✅Strong insurance sector
- ✅Close to US East Coast
- ✅High quality of life
Considerations
- ⚠️Extremely expensive
- ⚠️Small island
- ⚠️Limited entertainment
Best For
- 👤Insurance/reinsurance
- 👤Ultra-high-net-worth
- 👤US proximity
🇬🇩 Grenada
Highlights
- ✅CBI with E-2 treaty
- ✅Zero capital gains
- ✅US E-2 visa access
- ✅Beautiful island
- ✅Spice island culture
Considerations
- ⚠️Small island
- ⚠️Hurricane risk
- ⚠️Limited flights
Best For
- 👤E-2 visa seekers
- 👤US access
- 👤CBI candidates
Which Should You Choose?
Choose Bermuda if: You prioritize zero personal tax and british territory. Ideal for insurance/reinsurance, ultra-high-net-worth, us proximity.
Choose Grenada if: You prioritize cbi with e-2 treaty and zero capital gains. Ideal for e-2 visa seekers, us access, cbi candidates.
Not Sure Which is Right for You?
Take our free eligibility assessment to see which tax residency program fits your situation.