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ARTICLE · 13 JULY 2016

Bermuda's Brexit Blues?

The most keenly felt effect on a personal level may be in relation to individuals and their ability to live and work in Europe.

BermudaWealth Management

Setting aside the effects on the UK economy, which are already being felt with political turmoil, the fall of the pound, billions being slashed from UK stocks worldwide and the potential break-up of the United Kingdom itself, one little examined effect is how its overseas dependent territories, of which Bermuda is one of the largest, would fare in the post-Brexit world, particularly in their relationship with the EU that the UK is leaving behind.

The most keenly felt effect on a personal level may be in relation to individuals and their ability to live and work in Europe. Through the right to a UK passport, Bermudians have the right to work and to live in all European Economic Area countries (all EU member states plus Switzerland, Norway, Iceland and Liechtenstein), with no work permit requirement and the same rights as nationals of those countries in pay, working conditions and benefits. This has helped many Bermudians to pursue careers overseas, particularly in the

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