Opportunities & Services

The principal attraction of Bermuda is its established reputation. Specifically, Bermuda has long been an established financial centre, having sanctioned its first “exempted company” in the 1930s, and now boasts a client base that includes many of the world’s blue-chip companies and high net worth individuals.

Bermuda is a proven, reputable business centre offering expertise, stability, and direct access to many of the world’s major commercial concerns.

Legal
Accounting
Trusts
Telecommunications / Technology/ e-Commerce
Investments
Fund Administration
Insurance
Banking

Legal

Bermuda’s vibrant legal community, of over 1,000 professionals, is fully fluent and has proven experience with international and local law. For most that can draw opportunities from a Bermuda presence, it is typical to first consult their legal advisors for opinions and advice. Those legal advisors can, in turn, consult one of Bermuda’s adept legal experts.

Accounting

Bermuda employs almost 800 accountants in practice and commerce. The Island has a well-established “Know Your Customer” philosophy. Its unique geographic location allows for full access to North American and European markets. A recognized and effective regulatory framework makes the Island an exceptional base from which to meet the needs of the financial services sector.

Trusts

As an innovator in trust administration with more than 35 licensed trust companies, Bermuda features a supportive regulatory environment and a sophisticated financial infrastructure with standards comparable to those of the United States and United Kingdom. All financial institutions in Bermuda are supervised and regulated by an independent body: The Bermuda Monetary Authority.

Telecommunications / Technology / e-Commerce

Bermuda has all the right solutions for your international and e-business challenges – making it the logical jurisdiction of choice. Bermuda is a proven, reputable business centre offering experience, stability, and accessibility to many of the world’s leading insurance, financial, technology, legal, and consultancy firms. Bermuda hosts a selection of ISPs, web design companies, computer hardware and software vendors, and a dynamic group of certified Internet payment solution companies. It can provide you with a genuine one-stop-shop for e-commerce business.

Investments

Bermuda offers a range of investment vehicles and services, which are operated under the auspices of the independent Bermuda Monetary Authority. Bermuda is the logical jurisdiction of choice as it has all the right solutions for your international and financial business challenges.

Fund Administration

By offering financial services ranked amongst the world’s best, Bermuda is able to maintain its position as a premier business and financial jurisdiction. With more than two thousand funds registered in Bermuda, and thousands more managed by highly qualified, licensed fund administrators, Bermuda has firmly established itself as a centre of excellence for the fund administration industry

All fund administrators in Bermuda represent internationally recognized companies with extensively trained, qualified staff and the most advanced systems. In addition, administrators are at the forefront of all advisory processes, with their adaptation to the ongoing changes to the global standards in accounting and current industry practices. Consequently, the reputation of our fund administrators ensures that the level of administration services provided in Bermuda continues to be amongst the highest quality available in any financial jurisdiction.

Insurance

The Bermuda insurance and reinsurance market has experienced strong growth through the development of innovative risk solutions, thoughtful regulation and the ability to quickly and efficiently deploy capital to solve global insurance and reinsurance needs. Bermuda’s success began with the captive industry in the 1970's and growth has continued with the excess liability insurance market in the 1980's and the large capital influx of the early 1990's to create catastrophe reinsurance companies.

Banking

Banking in Bermuda is conducted by four indigenous banks: The Bank of Bermuda, The Bank of Butterfield, Bermuda Commercial Bank, and Capital G Bank.

Together, these four banks have balance sheet assets in excess of $14 billion and manage more than $60 billion under custodial and similar arrangements. Bermuda banks maintain asset ratios above 12 percent, well in excess of the 8 percent minimum required by the Basle Agreement on Capital Standards and the 10 percent guideline set by the Bermuda Monetary Authority. Services provided by the banks to a global customer base include:

Corporate Banking – A full range of corporate banking services for international and onshore companies is provided, including wire transfers, deposits, credit, letters of credit, foreign exchange, payroll processing, and general banking services.

Private Banking – A traditional Bermuda sector offering security and confidentiality for international as well as resident individuals and families that require trust and estate planning, investment services, or high-level banking services.

Retail Banking – Customary banking services are available to all those who live and work in Bermuda.

Fund Administration and Custodial services - A global network of custodians enables investments in virtually any financial instrument, in any major or minor currency. Experienced corporate trust personnel have expertise regarding all elements of investment. Valuation, corporate secretarial and administrative services are also available.

Investment Banking - Private companies fulfill investment banking services in Bermuda for overseas clients. This sector is expected to grow as the capital markets become increasingly global in nature, allowing Bermuda to take advantage of its capabilities and lead in the international banking industry.