🇹🇭 Thailand vs 🇧🇲 Bermuda
Complete Tax Residency Comparison for Digital Nomads & Entrepreneurs
Quick Comparison
| Factor | 🇹🇭 Thailand | 🇧🇲 Bermuda |
|---|---|---|
| Tax System | Territorial (changing) | Zero Tax |
| Income Tax (Foreign) | 0-35% (local income) | 0% |
| Capital Gains Tax | 0% (foreign, if not remitted) | 0% |
| Corporate Tax | 20% | 0% |
| Residency Requirement | LTR Visa ($80k/year income) | Work permit or property |
| Minimum Stay | 180 days for tax residency | None |
| Cost of Living | Low ($1,200-2,500/mo) | Very High ($6,000-10,000/mo) |
🇹🇭 Thailand
Highlights
- ✅Amazing lifestyle
- ✅Low cost of living
- ✅Great food and culture
- ✅Digital nomad friendly
- ✅Good healthcare
Considerations
- ⚠️Tax rules changing in 2024
- ⚠️Visa can be complex
- ⚠️Language barrier
Best For
- 👤Lifestyle seekers
- 👤Digital nomads
- 👤Retirees
🇧🇲 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 Thailand if: You prioritize amazing lifestyle and low cost of living. Ideal for lifestyle seekers, digital nomads, retirees.
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.