Bermuda is a leading offshore financial centre, with a
sterling reputation. There are currently over 660 Bermuda companies
listed on major international stock exchanges around the world
including the Hong Kong Stock Exchange ("HKSE"), London
Stock Exchange, NYSE, NASDAQ, and Singapore Exchange. Bermuda has a
long-standing reputation and is one of the two earliest offshore
jurisdictions accepted for listing on the HKSE. Hundreds of Bermuda
companies have been listed on HKSE since the 1980s resulting in
nearly 500 Bermuda companies and constituting 32% of the total
number of companies listed on the HKSE today.
From as early as 2002, there have been Hong Kong listed
companies changing their domicile to Bermuda in order to take
advantage of the commercially expedient regulatory regime in
Bermuda on capital reductions. Unlike the Cayman Islands and some
common law jurisdictions, a capital reduction does not require
court sanction or creditors' consent under Bermuda
