Business For Sale Bermuda | Business For Sale Listings
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Get to Know About Bermuda
Bermuda is a British Colony Country located at the North Atlantic and off the east coast of North America. It is a 21-square mile island. The country’s main source of income is its insurance and reinsurance and tourism. Beaches and watersports are the main activities in Bermuda. Doing Business in Bermuda and mixing it with pleasure can be done as the island offers a lot of scenery.
Bermuda is considered as one of the countries around the world that has the highest GDP Per Capita PPP marking $99,400 for the year 2016. One of the reasons why many people would want to live in Bermuda is that they have no sales tax there. If you see an item for sale priced as 100 Bermuda Dollars, that is all there is. There is also no income tax except for the payroll tax which would cost not more than 5.5% because the remainder of that tax, just in case it will exceed, will be shouldered by the employer. That is how Doing Business in Bermuda is.
The life expectancy in Bermuda is higher compared to other countries around the world. The life expectancy in Bermuda as of 2016 is 81.23 years. Bermuda does not give free Health Insurance to its citizens, but it has laws that require employers to provide Health Insurance to its employees.