Locations
Bermuda
Bermuda, a densely-populated British crown colony in the western Atlantic Ocean, has one of the world's most prosperous economies. This wealth is largely down to the islands' offshore finance industry; more than 13,000 international companies have made the self governing territory their nominal base.
- 4.75% Payroll Tax only
- 1.5 hours flight to New York
- Ranked in Top 5 FS centres in the world
The Economy
Bermuda's currency is the Bermudian dollar, which is pegged to the US dollar. Bermuda's per-capita income is approximately 50% higher than that of the United States. According to the Bermuda Government's Economic Statistics Division, Bermuda's GDP was $4.857 billion in 2005, or $76,403 per-capita, giving Bermuda the highest GDP per capita in the world at that time.
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. 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)
Immigration
Bermudian legislation requires that all persons of non-Bermudian status who are engaged in any form of employment must hold a valid work permit. Visitors are not permitted to take up or seek employment whilst on the island. A valid work permit will allow the holder and approved dependants to live and remain in Bermuda for an extended period.
Typical roles available in Bermuda
Within Practice, typically at Audit Senior level, however some companies will recruit up externally up to Director level within the following specialties:
- External Audit
- Internal Audit
- Tax
- Actuarial
- Corporate Finance
- Forensic
- IT Advisory
- Restructuring
- Transaction Services
Industry sectors typically include:
- Financial Services particularly Investment Banks
- Insurance (Captive & Re-Insurance)
- Retail
- Hospitality
Within Financial Services:
- Internal Audit
- IT Audit
- Financial Analysts