The Bermuda Islands are a British overseas territory member of the CARICOM. Bermuda is located in the Atlantic Ocean off the southeast coast of the United States, with the closest American continent point being Cape Hatteras in North Carolina, which is located 1,030 km to the northwest, while the city of Miami is 1 770 km to the southwest. It has just over 67,000 inhabitants and its capital is Hamilton.
The islands form the northern peak of the legendary Bermuda Triangle, a large maritime area in which it is said numerous ships and aircraft have disappeared over the years in unexplained circumstances. The archipelago is in an adverse climate area prone to hurricanes.
Its official currency is the Bermudian Dollar (BMD), pegged to the US$ at a 1:1 ratio. The country has one of the highest per capita incomes worldwide. Its economy is based on insurance and reinsurance, banking and financial services, as well as tourism.
Bermuda is a tax neutral jurisdiction. It does not tax income, profits, dividends or capital gains. Non-resident investors may buy or sell shares and units of investment funds without being subject to local taxation. The country offers all kinds of facilities also for trusts, which are also exempt from taxation.
Below, you will find residency, citizenship, offshore investment, offshore company incorporation and offshore banking options for Bermuda.
If you would like to set up a company, open a bank account, immigrate and/or obtain residency permits in Bermuda, get in contact with us directly for a free private consultation.
Where to set up an Intellectual Property Holding Company Utilizing an intellectual property holding company is one of the most common legal tax avoidance strategies out there. However recent measures by the OECD and EU
Massive legislation changes affecting Offshore Tax Regimes and Economic Substance Requirements Massive change has swept the offshore industry lately, largely as a result of pressure from the EU and the OECD. As a result of
Where to set up a Tokenized Fund Flag Theory Weekly Letter – Friday, October 19th, 2018 In a previous letter, we discussed why the crypto fundraising trend is turning from utility to security tokens and
Where to set up a Crypto Exchange – Part 4: Setting up an Exchange in the Americas Flag Theory Weekly Letter – Friday, September 7th, 2018 After discussing the fundamental aspects when choosing the jurisdiction to
Where and how to open an international bank account Today let’s dive into where and how to open an international bank account and what you should consider when designing your offshore banking strategy. A large
What is Dual Citizenship and Why is valuable? What is Dual Citizenship? Dual Citizenship / Nationality is a citizenship status in which an individual is a citizen of more than one country at a time. Why
Complete list of countries to obtain citizenship by naturalization Most countries around the world allow for persons who have lived in a country for a certain period of time to apply for naturalization. It's only
Save Tax Money with Google Offshore Secrets The coming century will be one of the global entrepreneurs. Those who are able to leverage technology, currency arbitrage, and internationalization to compete with wasteful corporations can potentially