Bermuda’s new One Bermuda Alliance Government has scrapped the “Measures to Inhibit Long-Term Residency” policy, more commonly known as the term limit policy, and undertaken a review of the Islands’ work permit policy, all with a view to encouraging economic growth and job opportunities for Bermudians. The initial announcement came on 30 January 2013 from […]
Bermuda’s new Government has re-affirmed the commitment made last year to develop the new Business Bermuda Development Corporation (“BBDC”) as the preferred vehicle to give common strategic direction to the Island’s business development efforts. The re-affirmation came most recently in the Budget Statement of the new Minister of Finance who said: The BBDC is a […]
Telecommunications in Bermuda is undergoing root and branch reform with a view to not only making the industry more competitive but more attractive to investors. The commitment to change has been signalled by the establishment of the much-needed, long-overdue Regulatory Authority and an easing of restrictions on foreign investment. The overhaul in telecommunications, following extensive […]
Bermuda now boasts a new licensing and supervisory regime for professional corporate service providers designed to enhance the efficiency of incorporations in Bermuda. The changes, which came into effect at the start of the year, are regarded as good news for Bermuda as they will eliminate double vetting, decrease the need for due diligence on […]
Bermuda has a new Government which has promised to shore up the Island’s position as a world leader in insurance, reinsurance, international business and finance. They also have hopes of re-establishing Bermuda as a premier tourism destination. The promises from the One Bermuda Alliance (OBA) came in the Throne Speech delivered on the first day […]
