How to hire remote employees in

Bermuda

Found someone great in Bermuda and want to bring them onto the team? It’s a good thing you’re here. On this page, you’ll learn exactly what you need to know before making hires in Bermuda: Legal obligations, risks, and the easiest path to hiring great talent overseas.

Country snapshot

CURRENCY
Bermudian Dollar (BMD)
EMPLOYER TAXES
PAYROLL FREQUENCY
Monthly
OFFICIAL LANGUAGE
English

What to know before you hire in 

Bermuda

Bermuda is gorgeous, and more importantly for you, it’s home to plenty of great remote talent. What you might not know, however, is that hiring in Bermuda involves different labor laws and procedures than hiring in your home country. You have two options: Hiring talent as employees and hiring talent as contractors. Here are the differences between both:

If you want to successfully hire in 

Bermuda

, you have two options:

Hire talent as contractors

Laws about hiring contractors are significantly more simple in 

Bermuda

. Onboarding talent takes days, not weeks or months. Both you, the company, and your talent have more flexibility. And in many cases, since you’re remote, the talent you’re hiring is better classified as a contractor, anyway. Of course, it’s not possible in every case, but it’s what we built Panther for.

Hire talent as employees

This is the long route. You can either establish a physical presence with an entity and register as an employer, or you can use an Employer-of-Record (EOR) solution. Odds are, you’ll find using an EOR to be the easier route. Still, using an EOR in 

Bermuda

 is expensive—it can often be $500 per month per employee—and sometimes prone to lengthy onboarding times.

Why hire independent contractors in 

Bermuda

Hiring contractors is normally the easier, faster, more flexible choice—but don’t just take it from us. Below are the specific benefits and drawbacks to hiring contractors in 

Bermuda

.

It’s the fastest way to hire globally

Hiring employees takes months, at the minimum. When you hire with Panther’s locally-generated contracts, it’s a matter of days or weeks. This means you can hire the best talent, fast, without losing them to a hellish procession of paperwork.

It’s a lot cheaper

It costs just $0 to sign up for Panther, then $49 per month to hire your contractors with Panther. If you hired employees manually (or did contracting on your own), you’d likely be on the hook for thousands of dollars each month. Setting up an entity alone can cost tens of thousands of dollars.

It’s more flexible for you & your team

Hiring contractors in 

Bermuda

 means you’re generally not on the hook for things like health insurance and paid time off. This makes hiring flexible for you, and it gives your talent more options.

It’s less risky than hiring employees

Hiring employees is a bigger commitment, and generally puts you at a bigger risk for legal fees. When you hire contractors overseas, your biggest risk is misclassification—but even then, misclassification penalties are often minimal and just require you to pay off any compensation that the person would have been owed as an employee.

Some people want to be employees

The contractor life isn’t for everyone—some people want the security that being an employee often appears to provide. Though it’s rare, this does happen, and it’s one disadvantage of manage an all-contractor team.

You might not have as much control over your talent

Most countries’ contractor-employer relationship laws stipulate that the employer can’t set fixed working hours, among other things. These laws give contractors more freedom over how and when they do their work than an employee would have. In reality, however, most contractors are willing & able to work on the company’s schedule—it’s a matter of setting expectations beforehand.

How can I pay people in 

Bermuda

?

If you’re hiring contractors in 

Bermuda

, you can pay them with Panther in a single click. You won’t need to worry about complicated wire transfers, fees, or currency conversions. We’ll take care of it all. Just make a click and your contractor will get paid in their currency of choice. This is a valuable bonus for talent in countries where the local currency is particularly weak—most people appreciate the ability to receive their payment in stronger currencies.

Hiring and paying your team in 

Bermuda

Hire and pay with Panther

Pay everyone with a single click
Get great currency conversion rates
Pay $0 in platform fees
Run payroll in seconds
Let Panther automatically create & store invoices
Let Panther automatically write locally-compliant contracts
Let Panther automatically file local tax documents

Hire and pay without Panther

Pay all your contractors individually
Do all currency conversions yourself
Shoulder the burden of platform fees
Spend hours each month making payments
Manually track & store invoices
Manually write & sign contracts
Manually file relevant tax documents

Let Panther save you from hiring headaches.

Sign up today for $0

If you want to hire employees in 

Bermuda

If you’ve read up until this point, you’ll know that it’s easier, cheaper, and more flexible to hire contractors in Bermuda than employees. Still, there are valid reasons why you might want to hire employees instead. The content below is for you—we’ll cover employer taxes and obligations in Bermuda.

Taxes in 

Bermuda

Employer tax

Contributory Pension Fund (CPF)

Individual tax

Leave

Paid Time Off (PTO)

Employees may take up to 5 days of paid vacation leave after 6 months' continuous employment.

Previously, under the EA 2000, an employee could only take 10 days paid vacation leave per year after completing 1 year of continuous employment.

The employees are entitled to another day off with pay if the public holiday coincides with their rest day. If an employee works on a public holiday, the same terms as that of overtime are applicable.

In Bermuda, an employee also gets paid for a ‘Rest Day’, which the employer must provide every week and comprises one(1) whole day (24 hours).

Public Holidays

There are 10 public holidays in Bermuda.

Sick Days

In Bermuda employment law, employers must provide employees who have worked at least one year of continuous employment with eight days of paid sick leave per year.

Maternity Leave

The Employment (Maternity Leave Extension and Paternity Leave) Amendment Act became effective on 1 January 2020. This Act has extended the paid maternity leave from the initial eight weeks to thirteen weeks

Paternity Leave

In Bermuda, five days of paid paternity leave have also been added.

Parental Leave

No Info.

Other Leave

No Info.

Marriage Leave

No Info.

Bereavement Leave

An employee is granted bereavement leave for three consecutive days on the demise of an immediate family member and five days to attend funerals of family members overseas (Section 17 of the Employment Act deals).
As per the employment act, immediate family members are:

  • Employees spouse, parents, grandparents, great grandparents, children, grand or great-grandchildren or
  • Any other person with whom they are sharing a household (except the landowner/tenant).

Employers are not obliged to pay for the Bereavement Leave of an employee.

Termination

Termination Process

An employer must send a notice in writing before termination. Except in cases where the duration or fixed period has expired. Upon the service of minimum notice, employees can be terminated.

Notice Period

The notice period in Bermuda:

  • Paid every week - 1 week
  • Paid after every two weeks - 2 weeks
  • In all other cases - 1 month

Severance Pay

The amount depends on the length of service, the statutory minimum being two weeks' wages for each year of completed service up to 10 years, and three weeks' wages for each year of completed service thereafter, subject to a maximum of 26 weeks' wages.

Probation Period

Probation period is 6 months.

Employee requirements in 

Bermuda

Working Hours

The standard working hours is 9 a.m. to 5 p.m from Monday through Friday, including an hour's break for lunch.

Overtime

Generally, employees who work overtime for more than 40 hours per week must be given overtime pay.

The rate is one-and-a-half times more than the usual hourly wage.

The workers must be given the usual hourly rate for the overtime hours that they work. Moreover, they must be given the same number of hours off from work the next day.

Depending on the company that the employee works for, contracts include double pay for overtime work done on a Sunday and on public holidays.

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