Bermuda is recognized around the world as a major offshore
financial centre with a reputation for high quality international
business transactions and the highest regulatory standards. The
Island also has a long-standing local commercial sector including
among other segments hospitality, retail, construction, business
services and transportation.
International business in Bermuda
has at its core a thriving insurance and reinsurance industry, the
largest segment of the IB sector. The segment is represented by
many international companies that have chosen to locate here; as
well as the many captive insurance companies that make Bermuda the
world leader among captive domiciles.
The Island's financial
services sector also includes sophisticated international banking
and investment management services. In addition, the jurisdiction
boasts the world's first electronic offshore securities exchange
market - the Bermuda Stock Exchange.
A substantial infrastructure of professional services has
developed to support this business: all the major global accounting
firms are represented in Bermuda and the local law firms have vast
incorporation and administration experience to support local and
exempt companies. The Island also has excellent telecommunications
links and technologically advanced e-commerce infrastructure.
Bermuda offers a mature, stable, well-regulated business
environment that serves as an exceptional base for local and
international companies.
