Ranked # 1 in the world in gross national income by World Bank, Bermuda owns there major credit to Bermuda International Business . Launched in 1947, it comprises of 1600 international or Bermuda based companies, 840 non residents and 420 oversees partnerships.
As an international offshore business company, Bermuda International business can provide significant benefits to insurance, reinsurance and other companies and it is rank alongside New York and London. Bermuda international business has a capital base of $ 42 billion and there gross premium is above $20 billion. Expatriates are not liable to currency control and hence they deal with any currency at any bank and can enjoy freely transfer funds.
