🇮🇲 Isle of Man vs 🇧🇲 Bermuda
Complete Tax Residency Comparison for Digital Nomads & Entrepreneurs
Quick Comparison
| Factor | 🇮🇲 Isle of Man | 🇧🇲 Bermuda |
|---|---|---|
| Tax System | Low Tax | Zero Tax |
| Income Tax (Foreign) | 20% (capped) | 0% |
| Capital Gains Tax | 0% | 0% |
| Corporate Tax | 0% | 0% |
| Residency Requirement | Work permit or investor | Work permit or property |
| Minimum Stay | 6 months | None |
| Cost of Living | Moderate ($2,500-4,000/mo) | Very High ($6,000-10,000/mo) |
🇮🇲 Isle of Man
Highlights
- ✅Tax cap available
- ✅Zero corporate tax
- ✅Zero capital gains
- ✅British connection
- ✅Motorcycle TT races
Considerations
- ⚠️Remote location
- ⚠️Limited entertainment
- ⚠️Weather
Best For
- 👤eGaming
- 👤Crypto
- 👤British connection seekers
🇧🇲 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
Which Should You Choose?
Choose Isle of Man if: You prioritize tax cap available and zero corporate tax. Ideal for egaming, crypto, british connection seekers.
Choose Bermuda if: You prioritize zero personal tax and british territory. Ideal for insurance/reinsurance, ultra-high-net-worth, us proximity.
Not Sure Which is Right for You?
Take our free eligibility assessment to see which tax residency program fits your situation.