Bermuda is blessed with a sub-tropical climate and beautiful beaches with pink sands and turquoise oceans. The Bermuda Isles actually consist of approximately 140 separate islands and have always been considered a luxurious holiday destination however the islands can offer professionals challenging and interesting work, as well as that much sought after quality of life.
Bermuda is an overseas territory of the United Kingdom in the North Atlantic Ocean. The nearest landmass is Cape Hatteras, North Carolina, about 640 miles (1030 km) west-northwest. There are direct flights from the UK which take approximately 8 hours.
There are seasonal variations in climate. However the range is 90°F/ 33°C in the summer to 55°F/ 18°C in the winter.
Bermuda is the most mature of the offshore business jurisdictions, with no direct taxes on personal or corporate income. The employment market is growing and many of the leading Bermuda companies are looking for international talent. As the offshore domicile of many foreign companies, Bermuda has a highly-developed international business economy; and is a financial exporter in insurance and other financial services. Tourism forms the other major part of Bermuda's income. Notably, Bermuda had the world’s highest GDP in 2005.
Living and working in Bermuda
Characteristically, Bermuda offers its professionals the opportunity to work in smaller teams than they are used to and therefore become integral to the business they join. They will also work closely with their clients in an environment where they will be treated as a valued member of the team.
Due to the size of the islands, commuting distances are negligible which mean there is more time to enjoy outside work pursuits.
The islands have a thriving sporting and social community and it is easy to make friends in a place where there are so many like minded people keen on water-sports, socialising and their careers. Although it is expensive, the salaries are excellent and so the quality of life enjoyed by the ex-patriot community is excellent.
Salaries are uniformly high and with the favourable tax position UK and US professionals are roughly 50% better off in real terms. Professionals from Canada, Australia, New Zealand and other commonwealth countries could find themselves earning three or four times their current salaries. Relocation expenses and temporary accommodation and transport are also included as standard in most packages.