🇲🇨 Monaco vs 🇧🇲 Bermuda
Complete Tax Residency Comparison for Digital Nomads & Entrepreneurs
Quick Comparison
| Factor | 🇲🇨 Monaco | 🇧🇲 Bermuda |
|---|---|---|
| Tax System | Zero Tax | Zero Tax |
| Income Tax (Foreign) | 0% | 0% |
| Capital Gains Tax | 0% | 0% |
| Corporate Tax | 25% (non-Monaco revenue) | 0% |
| Residency Requirement | €500k+ deposit | Work permit or property |
| Minimum Stay | None | None |
| Cost of Living | Very High ($8,000+/mo) | Very High ($6,000-10,000/mo) |
🇲🇨 Monaco
Highlights
- ✅Zero personal income tax
- ✅Ultra-safe
- ✅Mediterranean climate
- ✅Prestigious address
- ✅EU border access
Considerations
- ⚠️Extremely expensive
- ⚠️Tiny country
- ⚠️Hard to get residency
Best For
- 👤Ultra-high-net-worth
- 👤F1 enthusiasts
- 👤Yacht owners
🇧🇲 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 Monaco if: You prioritize zero personal income tax and ultra-safe. Ideal for ultra-high-net-worth, f1 enthusiasts, yacht owners.
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.