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Bermuda stands as a leading international financial centre renowned for its strong (re)insurance, investment fund, asset management and trust sectors supported by world-class advisory and financial services infrastructure, including sophisticated legal system, robust regulatory framework, speed-to-market capability, business-friendly government, simple tax regime, and highly-skilled work force. The island has embraced digital asset businesses while maintaining its reputation as one of the world's leading offshore financial centres, offering a highly developed fintech ecosystem with sophisticated legal system, regulatory sandboxes, and progressive government seeking to establish Bermuda as a leading jurisdiction for Fintech. In 2024, Bermuda's digital asset business sector experienced extraordinary growth, with 36 providers operating - a 50% increase from the 24 recorded in 2023.
Employer of Record (EOR) services provide companies with a compliant pathway to hire talent in Bermuda without establishing a local entity. These services handle employment contracts, payroll processing, tax compliance, and benefits administration while ensuring adherence to Bermuda's complex regulatory environment. Recent growth in International Business Activities (5.0% increase, 233 jobs added) and Professional, Scientific and Technical Activities (6.4% increase, 144 jobs added) demonstrates strong demand for skilled professionals in key sectors. The global employer of record market was valued at USD 5.23 billion in 2024 and is projected to reach USD 9.17 billion by 2033 with a 6.8% CAGR.
This comprehensive analysis compares 8 EOR providers based on verified G2 ratings, actual pricing data, compliance capabilities, and platform features to help you select the optimal solution for your Bermuda hiring needs.
Why Use an Employer of Record in Bermuda?
Bermuda offers close proximity to the US with direct flights to the US, UK and Canada, combined with a simple tax regime and business-friendly government environment. The island's comprehensive regulatory framework for fintech, including the Digital Asset Business Act 2018, provides legal and regulatory certainty to industry participants while ensuring business is conducted in accordance with recognized international standards. The diverse, well-educated local talent pool is complemented by a growing international community, bringing variety of skills and perspectives that make Bermuda advantageous for building dynamic, well-rounded teams.
Best EOR Companies in Bermuda
- Borderless AI
- 2Max Group
- Globalization Partners (G-P)
- Velocity Global
- Skuad
- Safeguard Global
- ChaadHR
- Express Global Employment
Our Picks for the 8 Best EOR Companies in Bermuda
Borderless AI
Borderless AI represents the next generation of EOR services, combining artificial intelligence with global employment expertise. Built with AI at the core, not as a feature, the platform delivers faster onboarding and dynamic compliance through powerful agents like HRGPT and Contract Generator, helping modern HR teams scale smarter and faster than ever.
Why Use Borderless AI for EOR in Bermuda
Borderless AI's AI-native platform excels in Bermuda's complex fintech regulatory environment, delivering compliant contracts in under five minutes and complete employee setup within 5-7 days, compared to 2-3 weeks for traditional EOR providers, while eliminating the $10,000-$20,000 per employee security deposits that competitors typically require.
Key Benefits and Features:
- Zero upfront salary deposits required (saves $10,000-$20,000+ per employee vs competitors)
- Industry-leading 5-day payroll processing vs 2+ weeks industry standard
- HRGPT AI agent for instant compliance queries and contract generation
- Owned entity infrastructure in 170+ countries (no third-party middlemen)
- Real-time compliance monitoring and updates
- Mobile-ready platform with intuitive user experience
Price: $579/employee/month
Country Coverage: 170+ countries
G2 Rating: 4.9/5
Free Trial: Demo
Legal & Compliance: Handles local contracts, taxes, benefits, and compliance in Belize
Onboarding Speed: 1-2 days; AI-guided, compliant in minutes
Platform Experience: Modern, mobile-ready platform
Customer Support: 24/7 support, highly rated
Pros | Cons |
|---|---|
Industry-fastest global payroll processing (5-days) | Newer Company in the industry |
Fastest international onboarding (1-2 days) | Fewer integrations than some legacy providers |
Real-time compliance monitoring | |
Direct Entity ownership |
2Max Group
2Max Group offers comprehensive HR outsourcing solutions with a focus on customizable services for global expansion. The company emphasizes personalized support through dedicated teams and real-time platform updates.
Why Use 2Max Group for EOR in Bermuda
2Max Group's extensive country coverage and customizable platform make it suitable for companies seeking flexible EOR solutions in Bermuda, with responsive support teams providing personalized service tailored to specific business requirements.
Key Benefits and Features:
- HR outsourcing
- Payroll management
- Compliance management
- Customizable platform
- Real-time updates
- Dedicated support teams
Price: Custom
Country Coverage: 190+
G2 Rating: Not listed
Free Trial: Free consultation available
Legal & Compliance: Comprehensive, with in-country experts
Onboarding Speed: Fast
Platform Experience: Customizable, with real-time updates
Customer Support: Responsive, with dedicated teams
Globalization Partners (G-P)
Globalization Partners is an established EOR provider known for AI-powered compliance tools and comprehensive global mobility solutions. The platform offers contractor conversion capabilities and dedicated account management.
Why Use Globalization Partners (G-P) for EOR in Bermuda
G-P's AI-driven compliance tools and global mobility expertise provide robust solutions for Bermuda's international business community, with comprehensive services supporting both employee and contractor management across multiple jurisdictions.
Key Benefits and Features:
- AI-powered compliance
- Global mobility services
- Contractor conversion
- API integrations
- Dedicated account managers
- Comprehensive legal framework
Price: $699/employee/month
Country Coverage: 185+ countries
G2 Rating: 4.5/5
Free Trial: Demo
Legal & Compliance: Comprehensive, with AI-driven tools
Onboarding Speed: 3-5 days
Platform Experience: Intuitive, with API integrations
Customer Support: 24/7 support with dedicated account managers
Velocity Global
Velocity Global provides comprehensive EOR services with focus on global hiring, payroll management, and compliance solutions. The platform features a user-friendly interface with responsive global support coverage.
Why Use Velocity Global for EOR in Bermuda
Velocity Global's strong local legal support and user-friendly platform make it suitable for companies expanding into Bermuda, offering comprehensive compliance management with responsive global coverage for international operations.
Key Benefits and Features:
- Global hiring solutions
- Payroll management
- Compliance management
- User-friendly interface
- Local legal support
- Global coverage support
Price: Custom (est. $500+/employee)
Country Coverage: 185+ countries
G2 Rating: 4.6/5
Free Trial: Demo only
Legal & Compliance: Strong, with local legal support
Onboarding Speed: 2-3 days
Platform Experience: User-friendly interface
Customer Support: Responsive, with global coverage
Skuad
Skuad offers an automated HR platform with comprehensive compliance management and multilingual support. The platform features a modern unified dashboard and competitive pricing starting from $199/month.
Why Use Skuad for EOR in Bermuda
Skuad's automated HR platform and multilingual support capabilities provide cost-effective solutions for Bermuda operations, with comprehensive local partnerships ensuring compliance while maintaining competitive pricing for growing businesses.
Key Benefits and Features:
- Automated HR platform
- Compliance management
- Unified dashboard
- Multilingual support
- Local partnerships
- Competitive pricing
Price: From $199/month
Country Coverage: 160+ countries
G2 Rating: 4.6/5
Free Trial: Demo only
Legal & Compliance: Comprehensive, with local partnerships
Onboarding Speed: 2-3 days
Platform Experience: Modern, with unified dashboard
Customer Support: 24/7 support with multilingual options
Safeguard Global
Safeguard Global specializes in global payroll solutions with HR analytics and compliance support. The platform offers real-time analytics with dedicated support teams and in-country expertise.
Why Use Safeguard Global for EOR in Bermuda
Safeguard Global's strong in-country expertise and real-time analytics capabilities provide comprehensive solutions for Bermuda's complex regulatory environment, with dedicated teams ensuring compliance while delivering advanced reporting capabilities.
Key Benefits and Features:
- Global payroll services
- HR analytics
- Compliance support
- Real-time analytics
- In-country experts
- Dedicated support teams
Price: From $499/employee/month
Country Coverage: 170+
G2 Rating: 4.3/5
Free Trial: Demo
Legal & Compliance: Strong, with in-country experts
Onboarding Speed: 2 weeks
Platform Experience: Intuitive, with real-time analytics
Customer Support: Responsive, with dedicated teams
ChaadHR
ChaadHR provides compliant contract solutions with global payroll and comprehensive onboarding services. The platform offers multilingual support with dedicated account managers and excellent customer ratings.
Why Use ChaadHR for EOR in Bermuda
ChaadHR's comprehensive legal support and multilingual capabilities provide strong solutions for Bermuda's international business environment, with dedicated account management ensuring personalized service while maintaining competitive pricing and excellent customer satisfaction.
Key Benefits and Features:
- Compliant contracts
- Global payroll
- Comprehensive onboarding
- Multilingual support
- Legal support
- Dedicated account managers
Price: $299/month per employee
Country Coverage: 150+ countries
G2 Rating: 5/5
Free Trial: Free consultations and system demo
Legal & Compliance: Comprehensive, with legal support
Onboarding Speed: 1-2 weeks
Platform Experience: User-friendly, with multilingual support
Customer Support: 24/7 support with dedicated account managers
Express Global Employment
Express Global Employment offers comprehensive global employment solutions with fast onboarding and real-time updates. The platform provides extensive country coverage with responsive global support.
Why Use Express Global Employment for EOR in Bermuda
Express Global Employment's fast 1-2 day onboarding and extensive global coverage make it suitable for rapid expansion into Bermuda, with comprehensive in-country expertise ensuring compliance while maintaining competitive service delivery.
Key Benefits and Features:
- Global employment solutions
- Payroll management
- Compliance oversight
- Real-time updates
- In-country experts
- Global coverage
Price: Custom pricing
Country Coverage: 190+
G2 Rating: 4.6/5
Free Trial: No
Legal & Compliance: Comprehensive, with in-country experts
Onboarding Speed: 1-2 days
Platform Experience: User-friendly, with real-time updates
Customer Support: Responsive, with global coverage
Selection Criteria and Methodology
Our evaluation of EOR companies for Bermuda operations focused on key performance metrics critical to successful international hiring:
- Price: Analyzed transparent pricing structures, security deposit requirements, and total cost of ownership to assess value proposition and cash flow impact for growing businesses
- Country Coverage: Evaluated global reach and local entity ownership to ensure comprehensive support for international expansion beyond Bermuda
- Key Features: Assessed technological capabilities, AI integration, compliance automation, and platform functionality to determine competitive advantages
- G2 Rating: Analyzed verified user reviews and satisfaction scores to gauge real-world performance and customer experience quality
- Legal & Compliance: Examined regulatory expertise, local legal support, and compliance management capabilities specific to Bermuda's complex financial services environment
- Onboarding Speed: Compared setup timelines from contract to first payroll to evaluate operational efficiency and time-to-productivity
- Platform Experience: Evaluated user interface design, mobile capabilities, dashboard functionality, and integration options for seamless operations
- Customer Support: Assessed support availability, response times, expertise levels, and geographic coverage to ensure reliable assistance
Expert Tips for Hiring in Bermuda
Understand Regulatory Requirements: Bermuda's comprehensive Digital Asset Business Act 2018 provides legal and regulatory certainty while ensuring business is conducted according to recognized international standards. Ensure your EOR provider understands these specific compliance requirements for fintech and international business activities.
Leverage AI-Powered Solutions: Given Bermuda's position as an innovation hub with regulatory sandboxes and proactive regulatory framework for fintech businesses, consider EOR providers offering AI automation to streamline onboarding and compliance processes.
Prioritize Speed-to-Market: Bermuda's speed-to-market capability and business-friendly government environment favor rapid deployment. Select providers offering fast onboarding (1-5 days) to capitalize on business opportunities quickly.
Focus on Cash Flow Management: Avoid EOR providers requiring substantial security deposits. Traditional providers often hold $10,000-$20,000 per employee, which can tie up $100,000+ for a 10-person team, impacting working capital.
Ensure Local Expertise: Bermuda's regulatory stability and adherence to international standards create a secure environment for businesses, but require proper legal and regulatory expertise to navigate successfully.
How to Choose the Best EOR Company
- Assess Financial Requirements: Compare upfront costs, monthly fees, and security deposit requirements to determine total cost of ownership and cash flow impact
- Evaluate Technology Capabilities: Review platform features, AI integration, mobile accessibility, and automation capabilities to ensure operational efficiency
- Verify Compliance Expertise: Confirm the provider's understanding of Bermuda's regulatory environment, particularly fintech regulations and international business requirements
- Review Onboarding Speed: Compare setup timelines to align with your expansion timeline and competitive requirements
- Examine Customer Support: Assess support availability, expertise levels, and geographic coverage to ensure reliable assistance
- Check References and Ratings: Review G2 ratings, customer testimonials, and case studies to validate real-world performance
- Test Platform Usability: Request demos to evaluate user experience, dashboard functionality, and reporting capabilities
- Confirm Country Coverage: Ensure the provider supports all jurisdictions relevant to your expansion plans beyond Bermuda
Why Choose Borderless AI in Bermuda as an EOR Provider
Borderless AI delivers unmatched advantages for Bermuda operations through its AI-native platform and innovative approach to global employment. The platform generates compliant contracts in under five minutes and completes employee setup within 5-7 days, compared to 2-3 weeks for traditional providers, helping companies capture talent before competitors.
Key advantages include:
- Industry-Leading G2 Rating: 4.9/5 customer satisfaction score demonstrates exceptional service quality and platform reliability
- Fastest Onboarding: 1-2 day setup with AI-guided compliance processes ensures rapid market entry
- Zero Security Deposits: Eliminates $10,000-$20,000 per employee deposits required by competitors, freeing up $100,000+ for a 10-person team
- AI-Powered Intelligence: HRGPT agent provides instant HR support and automated contract generation
- Owned Infrastructure: Complete ownership of local entities eliminates middlemen and ensures faster processing, better compliance control, and reduced operational risk
- Premium Support: 24/7 North American-based support team with payments and compliance expertise
Final Thoughts
Selecting the right EOR provider for Bermuda requires balancing regulatory expertise, technological capabilities, and operational efficiency. Bermuda's sophisticated legal system, regulatory framework, and position as a fintech innovation hub demand providers with deep compliance knowledge and advanced platform capabilities. Our analysis reveals significant variation in pricing, features, and service quality across providers, making data-driven comparison essential for optimal selection.
The most successful Bermuda expansions leverage providers offering AI automation, fast onboarding, and comprehensive regulatory support while minimizing cash flow constraints through eliminated security deposits. As Bermuda continues experiencing sustainable economic growth with expanding employment levels and new hotel projects creating economic hubs, choosing the right EOR partner becomes increasingly critical for competitive advantage.
Ready to streamline your Bermuda hiring process? Book a demo to see how the right EOR partner can accelerate your growth.
