🇸🇬 Singapore vs 🇧🇲 Bermuda
Complete Tax Residency Comparison for Digital Nomads & Entrepreneurs
Quick Comparison
| Factor | 🇸🇬 Singapore | 🇧🇲 Bermuda |
|---|---|---|
| Tax System | Territorial | Zero Tax |
| Income Tax (Foreign) | 0-24% | 0% |
| Capital Gains Tax | 0% | 0% |
| Corporate Tax | 17% | 0% |
| Residency Requirement | EntrePass or Employment | Work permit or property |
| Minimum Stay | 183 days for tax residency | None |
| Cost of Living | Very High ($4,000-7,000/mo) | Very High ($6,000-10,000/mo) |
🇸🇬 Singapore
Highlights
- ✅Zero capital gains tax
- ✅Territorial system
- ✅World-class infrastructure
- ✅English speaking
- ✅Global finance hub
Considerations
- ⚠️Very expensive
- ⚠️Hard to get residency
- ⚠️Hot and humid
Best For
- 👤High earners
- 👤Entrepreneurs
- 👤Finance professionals
🇧🇲 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 Singapore if: You prioritize zero capital gains tax and territorial system. Ideal for high earners, entrepreneurs, finance professionals.
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.