Offshore Bank & Tax News
Bermuda Offshore Banks
The Banks and Deposit Companies Act 1999
The Bermudan economy has been highly successful, with tourism and international business being the two main sources of revenue. Over 400,000 tourists visit the island annually, mostly from North America. Bermuda has developed into a highly successful offshore financial center.
Bermuda is the world’s largest captive insurance domicile. Locally based companies account for 1/3 of the world’s catastrophe reinsurance capacity.
Offshore Banks
Bank of Butterfield Ltd
Provides retail banking and full international business services..
Bermuda Commercial Bank Ltd
Incorporated in 1969, then as Bermuda Provident Bank Limited. Its name was changed in 1984. It has about 63 employees. Its majority non Bermudian shareholder is First Curacao International Bank NV, which acquired the bank in May 1993 from Barclay's Bank. It is for international business only.
Capital G Bank Limited
CAPITAL G offers international banking services and is one of the largest independent integrated financial services organizations in Bermuda.
HSBC Bank Bermuda Limited
International banking, insurance and trusts services.
List of Bermuda Offshore company service providers
List of Bermuda Offshore trust service providers
