Doing Business in Bermuda

Known as being the world’s premier offshore financial centre, Bermuda has a long established reputation for stability and security. It is situated in the North Atlantic between the United States and Europe, approximately 750 miles southeast of New York. With direct flights arriving from and departing to gateway cities along the US East Coast, Toronto and London, Bermuda is relatively easy to get to.

Bermuda is a 22 square mile British Overseas Territory with a population of roughly 62,000, having a literacy rate of 99%. It has the oldest parliamentary system in the Commonwealth and its legal system is based on the English model. The currency is the Bermuda dollar which is on par with the US dollar. Though Bermuda has an effective consumption-based tax system, there is no income tax, capital gains tax or corporate taxation in Bermuda affecting non-residents.