The Economic Substance Act 2018 (the "Act")1 requires Bermuda-based entities that are carrying on a "relevant activity" in a relevant financial period and entities claiming "non-resident entity" status under the Act to file an Economic Substance Declaration Form.

Employment opportunities that could emerge as a result of Bermuda's growing technology sector should not be underestimated, according to Steven Rees Davies

This Country Report provides the latest update on how Bermuda is positioning itself as the perfect base for top professionals seeking to embrace the emerging trend of home working.

Bermuda continued its brisk roll out of legislative and regulatory changes right up until the end of 2020 and we have included in this update an overview of the most significant changes

As jurisdictions around the world grapple with the complexities of authenticating digital identities and the provision of digital identity services, the Bermuda Monetary Authority (BMA)...

Partners Jerome Wilson and Hannah Tildesley speak to forensic investigations expert Vanessa Samuels from Deloitte in Bermuda.

Dating back to the beginning of 2020, the natural resources sector has been extremely active at both ends of the economic cycle.

The Digital Asset Business Amendment Act 2019 (the "DABA Amendment Act") was approved by the Bermuda Parliament on 2 October 2019.

Bermuda's recently passed Digital Asset Business Act, 2018 ("DABA") adds a new layer to the Island's fintech transformation.

Bermuda has emerged as a regulatory pioneer by licensing crypto-based prediction markets under its digital asset framework, treating event contracts as derivatives rather than gambling products. As prediction markets blur the lines between traditional derivatives trading and betting, understanding how these platforms fit within existing legal frameworks becomes critical for operators and institutions.

Appleby Bermuda is pleased to be sponsoring and speaking at Bermuda Tech Week, taking place 14 to 18 October 2019.

The Bermuda Government has taken steps towards resolving a critical unmet need for FinTech companies in Bermuda

Bermuda is enhancing its banking legislation to make it attractive to new banks – particularly those wishing to provide services to Fintech companies.

Bermuda's sole financial services regulator, the Bermuda Monetary Authority (the "BMA") has issued a consultation paper on proposed changes to its landmark digital assets...

On 13 April 2018, the House of Assembly is returning to Bermuda Parliament for the purpose of tabling Initial Coin Offering (ICO) legislation.

The Digital Asset Business Amendment Act 2019 (DAB Amendment Act) was brought into force on 8 October 2019 and amends the Digital Asset Business Act 2018 (DABA)...

Recent insurer registrations reported by the Bermuda Monetary Authority (BMA) show that Bermuda continues to deliver on its established reputation for finding innovative solutions for...

Many fintech entrepreneurs are interested in having a presence in Bermuda, according to a lawyer who is advising them.

In each quarterly issue of the Appleby Asia Alert, we bring you the latest offshore legislative and regulatory updates in the technology and innovation sector.

The world of finance has been turned on its head. Digital Assets and distributed ledger technology, once the realm of tech enthusiasts, are now capturing the attention of institutional investors.