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 Bermuda
is an Offshore financial centre, which results from its low direct taxation
on personal or corporate income. The local tax system is based upon
import duties, payroll taxes and consumption taxes. The legal system is
derived from that of the United Kingdom, with recourse to English courts
of final appeal. As the offshore domicile of many foreign companies,
Bermuda has a highly-developed international business economy; it is a
financial exporter of financial services, primarily insurance, reinsurance,
investment funds and special purpose vehicles (SPV). Finance and international
business now constitute the largest sector of Bermuda's economy. Hamilton
Large numbers of leading international insurance companies are based in
Bermuda making the territory one of the world's largest reinsurance centres.
Note that we also have a
list of properties that are currently available in Bermuda |
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