Bermuda country guide

• Bermuda’s economy relies on foreign direct investment (FDI), so the government of Bermuda welcomes ecommerce technology, and The Electronic Transactions Act of 1999 recognizes the importance of e-business.

• International business plays a major role in Bermuda’s expanding economy.

• Bermuda has thriving political, economic, and social stability, strong transparency, excellent transport links and communications infrastructure, and a favorable geographical position.

• Burmuda does not operate a de minimis, so duty and tax would always be charged on imports; but Bermuda has no import tax.
• Due to no the lack of a de minimis, duty will always be charged.
• Bermuda has one of the highest average duty rates in the world, which is unfavorable for landed cost.

• Bermuda’s import regulations are reasonable and pose no limitations for trade.

• Leading carriers like UPS, DHL, USPS, and FedEx ship internationally to Bermuda.

• Bermuda uses various digital payment methods, including debit card, credit card, online payment gateways (Paypal, Stripe, WorldPay, etc.)

Duty and tax will be charged only on imports into Bermuda where the total FOB value of the import exceeds Bermuda's minimum value threshold (de minimis). Bermuda does not have a de minimis, which means duty and tax fees are charged on all imports. The only time goods are exempt from duty and tax is when they receive preferential treatment through trade agreements.

Duty and tax de minimis 

• Tax de minimis: 0 BMD
• Duty de minimis: 0 BMD

Based on the FOB value of the order

• Bermuda does not charge import tax.

The average duty charged on imports into Bermuda is 22.5%, and it is applied based on the CIF value of the order. Many common goods are charged a lower duty rate, such as clothing, which has a duty rate of 6.5%. Medicines and reading materials receive a duty charge of zero. Automobiles are generally charged a duty rate of 75% on the first 10,000 BMD and 150% on any value exceeding 10,000 BMD.

Bermuda has at least 41 bilateral Tax Information Exchange Agreements (TIEAs) that promote international co-operation in tax matters through the exchange of information between the participating countries.

• DHL Express
• FedEx
• UPS
• USPS
• My Bermuda Post

Depending on the courier, additional shipping fees may include:

• Tracking
• Insurance
• Fuel surcharge
• Remote delivery charge
• Signature fee
• Overweight or oversized fee
• Special handling fee
• Dangerous goods fee
• etc.

Always needed:

• Bill of lading or air waybill
• Commercial invoice (three copies)
• Bermuda Customs Declaration form (BCD)

Sometimes needed:

• Packing list
• Proforma invoice
• Order confirmation

1 BMD = 1 USD. In fact, USD can be used as currency in Bermuda and almost all Caribbean countries.