Bermuda is a small North Atlantic island located about 1,000 miles east of the United States. It is known for its pink-sand beaches, crystal clear waters, and picturesque landscapes. However, many people need to learn that Bermuda also boasts a well-developed political infrastructure that can be incredibly beneficial to expats looking to live and work on the island. This article will explore the different ways expats can benefit from Bermuda's political infrastructure.
Bermuda has a low crime rate, and the government is committed to maintaining law and order, important traits for expats
Bermuda has a stable political environment conducive to business and investment. The country's political system is based on the Westminster model, which is a system of parliamentary democracy used in the United Kingdom. The Governor, who the King appoints, is the representative of the British monarchy in Bermuda. The Governor has powers to dissolve Parliament, appoint judges, and grant Royal Assent to laws passed by the Parliament.
The country's Parliament comprises the Senate and the House of Assembly. The Senate has eleven members, appointed by the Governor on the advice of the Premier and the Opposition Leader. The House of Assembly has 36 members elected by the people of Bermuda. The Premier is the head of government, and the Governor appoints him or her from among the House of Assembly members who command the confidence of the majority of the members.
Expats who move to Bermuda can benefit from the country's stable political environment. The country has a low crime rate, and the government is committed to maintaining law and order. This makes Bermuda a safe place to live and do business. Moreover, the country's political stability has attracted many international companies to set up their operations in Bermuda. This has created numerous employment opportunities for expats in various sectors, such as finance, tourism, and technology.
Related content: The Basics Of How To Get A Second Passport Or A Second Residency
The country has a well-developed financial sector, with a wide range of financial services for expats
Another major benefit of Bermuda's political infrastructure is its tax system. Bermuda is known as a tax haven, which means it offers favourable tax rates and exemptions for businesses and individuals. Bermuda has no income tax, capital gains tax, or inheritance tax, which can be a significant advantage for expats looking to reduce their tax burden.
In addition to its favourable tax system, Bermuda has a well-developed financial services industry that can provide a range of financial services to expats. This includes banking, investment management, insurance, and trust services. Bermuda is home to many global financial institutions which can provide expats with access to world-class financial services and expertise.
Bermuda is known for being a business-friendly environment, making it an attractive destination for expats looking to start a business or work for a company on the island. The country's streamlined regulatory environment makes setting up and operating a business accessible. Bermuda also has a highly skilled workforce, which can give businesses access to the talent they need to succeed.
Another benefit of Bermuda's business-friendly environment is its access to international markets. Bermuda is strategically located in the North Atlantic and has strong connections to North America and Europe. This makes it an ideal location for businesses expanding their operations globally.
Related content: Residency In Bermuda: What's Available For You And Your Family
Known for offering top-notch general education, Bermuda makes for an exciting place for expats moving with children
Bermuda's education system is another significant benefit of its political infrastructure. The country's well-developed education system provides high-quality education to students from primary school to university. Bermuda is home to several excellent private schools, the Bermuda College and the Bermuda Institute of Ocean Sciences.
For expats moving to Bermuda with children, the education system can be a major consideration. Bermuda's private schools are renowned for providing high-quality education, and the country's public schools are also highly respected. In addition, Bermuda's universities offer world-class education and research opportunities.
With a warm climate and beautiful scenery, Bermuda is an attractive destination for expats who prioritize outdoor activities
Bermuda's healthcare system is another significant benefit of its political infrastructure. The country's well-developed healthcare system provides high-quality care to its residents. Bermuda has several hospitals, clinics, and a range of healthcare providers, including doctors, dentists, and specialists.
Access to high-quality healthcare can be a significant consideration for expats moving to Bermuda. Bermuda's healthcare system is well-respected and provides various services, including preventive care, diagnostics, and treatment for various medical conditions.
In addition to its healthcare system, Bermuda is also known for its healthy lifestyle. The island's warm climate and beautiful scenery provide a perfect backdrop for outdoor activities such as hiking, biking, and water sports. This healthy lifestyle can positively impact overall health and well-being, making Bermuda an attractive destination for expats who prioritize a healthy lifestyle.
Related content: Applying For A Digital Nomad Visa In Bermuda
The GEWP is designed for entrepreneurs and allows them to work and live in Bermuda for up to one year
Bermuda's immigration policies are another essential aspect of its political infrastructure. The country has a range of immigration policies designed to attract skilled workers and investors to the island. These policies can be incredibly beneficial to expats looking to live and work in Bermuda.
One of the key immigration policies in Bermuda is the Global Entrepreneur Work Permit (GEWP). The GEWP is designed for entrepreneurs looking to start a business in Bermuda. It allows entrepreneurs to work and live in Bermuda for up to a year while establishing their businesses. After the first year, the GEWP can be extended for two additional years.
Bermuda also has many other immigration policies designed to attract skilled workers and investors to the island. These policies include the Work Permit Policy, the Economic Investment Certificate Policy, and the Residency Certificate Policy. These policies can provide expats various benefits, including work permits, residency certificates, and investment opportunities.
With a strong cultural diversity, expats moving to Bermuda can experience and appreciate different traditions and cultures
Finally, Bermuda's cultural diversity is another significant benefit of its political infrastructure. The country's rich and diverse cultural heritage is reflected in its food, music, art, and festivals. Bermuda's population comprises people from various ethnic backgrounds, including African, Portuguese, British, and American.
For expats moving to Bermuda, this cultural diversity can provide a unique and enriching experience. It can also allow expats to learn about and appreciate different cultures and traditions.
Related content: How Expats Can Use Anguilla’s Infrastructure To Live In A Tax Haven
With a stable political environment and business-friendly, expats have good reason to choose Bermuda as their destination to live and work
Bermuda's political infrastructure offers a range of benefits for expats looking to live and work on the island. These benefits include a stable political environment, a favourable tax system, a business-friendly environment, a high-quality education system, a well-developed healthcare system, immigration policies that attract skilled workers and investors, and a rich and diverse cultural heritage. All of these factors make Bermuda an attractive destination for expats looking for a safe, secure, and enriching place to live and work.