Set up a Business

Less than a two-hour flight from New York, Bermuda fosters a collaborative
business culture that sees government, industry and regulators working together for the jurisdiction’s commercial success. That history has created a highly respected and successful financial centre recognised for worldwide standards of compliance, regulation, transparency and infrastructure

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BERMUDA IS A GLOBAL BUSINESS HUB COMPRISING NUMEROUS INDUSTRY MARKETS, FROM FUNDS, REINSURANCE AND PRIVATE-CLIENT SERVICES TO FAMILY OFFICES AND FINTECH

Bermuda's
Advantages

Bermuda is a 21-square-mile, self-governing British Overseas Territory, 650 miles (1,000 km) east-southeast of Cape Hatteras, NC, with daily direct flights to US gateway cities, Toronto and London. Its favourable Atlantic Standard Time makes it ideal for companies serving global markets

Bermuda is globally respected for its leadership and proven record on compliance and transparency. The jurisdiction has more than 120 treaty partnerships with nations around the world. Notably, the European Union awarded Bermuda full equivalence with its Solvency II insurance regulatory regime; only one other jurisdiction (Switzerland) has that distinction. Bermuda also holds qualified jurisdiction status from the National Association of Insurance Commissioners (NAIC) in the US

Bermuda is home to a wealth of world-class talent. Auditors, financial advisers, lawyers, IT specialists, actuaries, re/insurance underwriters, brokers, fund administrators, corporate secretaries and a full gamut of support services operate in the City of Hamilton

Bermuda is a tax-neutral jurisdiction, with zero income, corporate, withholding or capital gains taxes. Its consumption-based system does, however, levy payroll tax, import duties, social insurance, and custom duties on goods and services—a major component of the island’s tax revenues

Bermuda’s legal system marked its 400th anniversary in 2016. With courts dating back to 1616, the island uses English common law, with recourse to the UK Judicial Committee of the Privy Council. Bermuda’s government is a stable Westminster-style parliamentary democracy

Throughout its decades-long history as a global financial centre, Bermuda has sought and attracted quality business. The jurisdiction has a blue-chip record of compliance with global standards and lends leadership to guiding the evolution of regulatory best practices. Treaty partnerships with nations around the world afford Bermuda-based businesses financial advantages

Bermuda is a global business hub comprising numerous markets: insurance and reinsurance; captive insurance; life and annuity insurance; insurance-linked securities; asset management; trusts and private client vehicles; family offices and other high-net-worth services; shipping and aviation registries; ship-finance and ship-management; life sciences, fintech, insurtech, cryptocurrencies and digital assets businesses

Bermuda has secure, modern and world-class physical and technological infrastructure including excellent telecommunications, broadband and a fully electronic Bermuda Stock Exchange. An example? Hamilton’s businesses suffered no down-time after two hurricanes within a week hit Bermuda in 2014

Bermuda has one of the highest standards of living in the world, with excellent education, services and access to top-tier healthcare. The island has a temperate climate, sub-tropical physical beauty, world-famous beaches, golf courses and the northernmost coral reefs

Bermuda has 41 bilateral Tax Information Exchange Agreements (TIEAs) and more than 125 multilateral treaty partners. The island exchanges information with all G20 nations, European Union members states, and other OECD countries. Bermuda has implemented US FATCA and exchanges OECD Common Reporting Standard (CRS) and OECD Country-by-Country (CBC) information with every country around the world that belongs to the OECD’s Convention

Set up a Business

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Events

Upcoming Events

  1. October 7 - October 20

    Building on the inaugural 2018 Bermuda Innovation Sprint, the aim of this year’s event is to create activity to engage…