We are often
asked about the cost of living on the Islands and how much people can save
on their salaries/bonuses living there. This page and associated links should help you get a
handle on likely expenses you will encounter if you're fortunate enough to gain
employment offshore.
Generally, since there is
either no income tax (or low income tax), many of the
jurisdictions raise
revenue for government spending through imposing tariffs on goods imported
from overseas (typically, the USA or Canada). This means that products are
more expensive than you may be used to (although candidates from the UK will
not find it much of an adjustment). However, this is more than offset by the
fact that you will be making huge tax savings and, further, that your annual
transport and travel costs (apart from discretionary holiday trips) will be
negligible. It is quite possible,
for instance, for a couple to save 50% or more of their joint
incomes.
You will find that your most
significant regular expense will be accommodation. In order to find out
more about the costs of living and typical rental costs in various Islands,
you can look under the respective Island pages of our site or simply use the
links below:
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Hamilton Recruitment Limited.
Jobs for CAs in Bermuda, Barbados, the Bahamas, the Cayman Islands and
across the Caribbean. We are a member of the Bermuda
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jurisdictions raise
revenue for government spending through imposing tariffs on goods imported
from overseas (typically, the USA or Canada). This means that products are
more expensive than you may be used to (although candidates from the UK will
not find it much of an adjustment). However, this is more than offset by the
fact that you will be making huge tax savings and, further, that your annual
transport and travel costs (apart from discretionary holiday trips) will be
negligible. 