Why Bermuda?

1) Bermuda’s good name and reputation - Bermuda has not been implicated in international financial or political scandals and is considered by many professional advisers, as well as governments and financial institutions, as one of the premier international jurisdictions.

2) Geographical accessibility - Bermuda’s mid Atlantic location provides easy access by air to and from most major cities in North America and Europe, as well as offering the services of a first class tourist destination.

3) Political stability - Bermuda is a self governing colony with an elected legislature and is the oldest British colony, having been founded in 1609. Bermuda’s GNP per capita is one of the highest in the world, thus allowing a substantial degree of economic and political stability with little or no unemployment or substantial Government debt.

4) Sophisticated infrastructure - Bermuda has been a leading international business centre for a number of years and has a sophisticated and well educated workforce. Bermuda trustees and lawyers are accustomed to working with clients, lawyers, accountants and professional advisers located throughout the world. Bermuda itself is home to all of the "big 6" accounting firms, many of the Fortune 500 companies and other multinational corporations.

5) Communications - Bermuda enjoys excellent telephone and other electronic communication with the rest of the world, being connected to the transatlantic fibre-optic cable, as well as having satellite back-up facilities.

6) Legislation - The Bermuda Government has been cognisant of the need to maintain Bermuda’s place in the forefront of international business and is sensitive to the needs of that market. It is constantly reviewing and updating its legislation in order to keep it client friendly, without making it overly onerous. In areas of dispute there still remains the right of final appeal to the Privy Counsel in London.

7) Currency stability - The Bermuda Dollar is tied at par to the US Dollar, thus avoiding fluctuations between the two. There is also no exchange control for non-residents or exempt companies.

8) No taxation - There is a complete absence of stamp duty or taxation of any sort with respect to non-resident trusts and exempt companies in respect of non-Bermuda property (which for these purposes includes shares in Bermuda exempted companies and Bermuda bank accounts in currencies other than the Bermuda Dollar).