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Employer of record in Bermuda

12 sourced figures on hiring in Bermuda, drawn from 5 sources and normalized for comparison: statutory rules, employer cost and exactly what an EOR covers locally. Every figure is dated.

ISO BMRegion AmericasCurrency BMDVerified 2026-08-03

Hiring here: moderately complex, inexpensive to employ, and fast to hire via EOR.

cost of employment
LOW
5% employer social security, 15% corporate tax
ease of exit
MODERATE
10.7 weeks severance, 4.3 weeks notice
speed to hire
DAYS
10 EOR providers, from $499/mo
Employer burden rank
statutory employer burden: cost, severance, notice
#135 of 192
Each band is derived from the 12 sourced fields below and recomputed on every refresh. See the methodology.
Statutory snapshot

Employer of record in Bermuda: the statutory snapshot

The headline employer costs, pay floor and worker protections for hiring in Bermuda through an employer of record, each figure sourced and dated. 10 EOR providers cover Bermuda.

Employer social security5%ISSA Country Profiles, 2024-01-01
Corporate tax15%PwC Worldwide Tax Summaries, 2026-02-19
Notice period4.3 weeksNational government, 2020-01-01
Severance10.7 weeksNational government, 2020-01-01
Annual leave10 daysNational government, 2026-01-01
Public holidays10 daysNational government, 2026-01-01

As of 2026-08-03. Each value is the winning figure from primary and harmonized sources, resolved by a documented priority chain. Full record with provenance below.

Where to start

Three ways to hire in Bermuda

Own entity

You are the employer. Lowest per head cost at scale, months to establish.

Best for large, permanent headcount.
EORfastest

You direct the work, the provider's local entity is the employer on paper. Compliant in days.

See the 10 providers below ↓
Best for 1 to 50 hires, for speed, or to test a market.
Contractor

Not your employee. Fastest and cheapest, with misclassification exposure.

Best for genuinely independent, short term work.
Compare entity setup cost against EOR fees for Bermuda →

The full record

Every figure behind the snapshot

Not a guide, a record: 12 figures for Bermuda from 5 sources, last refreshed 2026-08-03. Each value carries its source and the date it was pulled. Hover any provenance tag for the full chain.

employment & pay2 fields
Average monthly wage
BMD 6,221/mo
ILOSTAT · 2013-01
Actual weekly hours
42 hrs/wk
ILOSTAT · 2010-01
cost & taxes3 fields
Employer social security
5%
ISSA Country Profiles · 2024-01
Employee social security
5%
ISSA Country Profiles · 2024-01
Corporate tax
15%
PwC Worldwide Tax Summaries · 2026-02
termination2 fields
Severance
10.7 weeks
National government · 2020-01
Notice period
4.3 weeks
National government · 2020-01
leave2 fields
Annual leave
10 days
National government · 2026-01
Public holidays
10 days
National government · 2026-01
labour market3 fields
GDP per capita
$142,250
World Bank Open Data · 2024-01
GNI per capita
$139,370
World Bank Open Data · 2024-01
Union density
21.9%
ILOSTAT · 2018-01

The differentiator

What an EOR handles in Bermuda

An EOR removes the entity and the payroll machinery. It does not remove your obligations as the people manager.

obligationeor coverswhat that means for you
Legal employer of record● fullThe EOR's local entity is the employer on paper. No entity setup required.
Payroll, tax & social security● fullGross-to-net, statutory withholding and employer contributions remitted locally. Employer social security here is 5%.
Compliant local contract● fullDrafted to local labour law and language requirements. Here statutory notice is 4.3 weeks.
Statutory leave & public holidays● fullAccrual, tracking and payment run through the local payroll the EOR operates. 10 days annual leave and 10 public holidays.
Statutory severance on exit● partialThe EOR computes and processes it, but the cost is billed to you (often pre-funded). Statutory severance here is 10.7 weeks.
Termination decision & risk● partialThe EOR runs the legal process; the business reason, timing and exposure stay yours.
Work permits / visas (foreigners)● partialSome providers sponsor, many don't. Confirm per provider in the table below.
Performance management● noneDay-to-day direction, reviews and PIPs are entirely on your side.
Equity / ESOP administration● noneCross-border equity handling sits outside standard EOR scope.

Provider × country

Who can employ in Bermuda

10 providers operate an EOR in Bermuda, ranked by Select Score.

providerfrom / moselect score
Pebl (formerly Velocity Global) logoPebl (formerly Velocity Global)SELECT PICKQuote75
Deel logoDeelfrom $59974
Borderless AI logoBorderless AIfrom $57971
Papaya Global logoPapaya Globalfrom $49969
Oyster logoOysterfrom $69968
Thera logoTheraQuote67
Mauve Group logoMauve GroupQuote65
Signature Back Office Solutions logoSignature Back Office SolutionsQuote64
Show all 10 providers ↓
10 providers operate an EOR in Bermuda, ranked by Select Score. Price is each provider’s lowest published EOR rate (global, not country-specific).
See the ranked best EOR in Bermuda →
Scored by the EOR Select rating systemSee the methodology →Built and maintained by Robbin SchuchmannUpdated 2026-08-03

Comparing EOR options for Bermuda?

Run a side-by-side on the providers that actually operate there.

Open the matrix→