Relocating to Bermuda may sound like a dream, but there are several ways that you can make it come true. Pink beaches, warm sunlight and clear blue skies await you in Bermuda. But more than just a place to relax in the sun, Bermuda also offers all the conveniences and business opportunities of a modern city. Over the years, thousands of expatriates and retirees have relocated here to live with Bermudians. You may just be the next one to follow in their footsteps. business & relocation To relocate to Bermuda, first you have to get there. Airlines offering daily service to the island include Air Canada, AirTran, American Airlines, British Airways, Continental Airlines, Delta Airlines, JetBlue Airlines, US Airways and USA 3000 Earning Your Keep If you are a partner in a business or are employed by one of the international companies here, you have nothing to worry about as far as jobs are concerned. Otherwise, finding work here is challenging, but not impossible. There are things to consider: • Non-Bermudians must secure a work permit to be employed. All permits are specific to the tenure of the position. • Most permits expire after six years, with no automatic renewals. A new application must be processed then. • A new permit is also required if you switch jobs — which is not recommended and allowed only once. • Seasonal or part-time work does not warrant a work permit. Another option is for you to set up your own business. Since Bermuda charges no taxes on worldwide business activities, many companies incorporate here. However, non-Bermudians may set up a business only if they have a local partner who owns 60 percent of it. For the most part, no income, capital gains or corporate taxes are charged to citizens or companies, with the exception of a 16 percent payroll tax. For more information, visit immigration.gov.bm. Your Home of the Rock It’s possible to live well in Bermuda, but you need to research to find a great rental pad. For more information, visit e-moo.com. To purchase a home, you must be either a citizen or very wealthy. Non-Bermudians can buy limited, expensive property, and only from other foreigners. The average home price soars well above $4 million. If you have such funds, you can apply for a Licence to Acquire Property, which costs 25 percent of the purchase price (6.5 percent for a condo). Add stamp duty to that total. If you’re planning on house hunting, do yourself a favour and hire a good real estate agent who can provide you with the most up-to-date listings and information on rules and regulations. Getting Around Bermudians are very serious about preserving their island paradise, which is why owning a car has its cons. It’s not the most efficient or most fun way to get around, and the import duties to pay are at a rate of 150 percent. Also, the law allows only one car per household. Therefore, it’s much better to own a motorised bike or scooter. Or you can hop on a world-class Bermuda Breeze bus. They’re punctual and run as frequently as every 15 minutes. With air conditioning, they are a clean and safe option for transport. Some routes don’t run on Sundays or holidays, so check the schedules. For daily bus travel, it’s best to purchase a booklet of 15 tickets for $7.50. Or you can buy passes that allow travel in all 14 of Bermuda’s bus zones. An unlimited one-day pass is just $12; two-day, $20; three-day, $28; four-day, $35; one-week, $45; and monthly, $55. Cash fares are $3 up to three zones, $4.50 up to 14 zones, and get cheaper by using tokens or tickets. To pay cash you must have exact change, as drivers do not make change or accept bills. Buy tokens at branch post offices or the Central Bus Terminal on Washington Street in Hamilton. All routes, except the 6, begin and end there. To check schedules or make any other inquiries about buses in Bermuda, please call 292-3851 or visit gov.bm. Sea Express ferries also get you quickly from either end of the island to Hamilton, where the ferry terminal can be found at Front Street, between Queen Street and Par-la-Ville Road. Fares, tokens, tickets and passes are the same rates as for buses. If you get an unlimited pass, it can be used on buses or ferries. (295-4506, seaexpress.bm) Becoming Bermudian So many rules apply to non-Bermudians that you may wish to drop the “non” part. But in practice, this privilege is nearly impossible for foreigners to attain. Many Locals have lived here for years as residents without the benefits citizens enjoy, like the right to vote. Obviously, the clearest path to citizenship is to be lucky enough to born on the islands of Bermudian parents. If either Mum or Dad were born Bermudians, then you could qualify for citizenship. Foreigners married to islanders must be married to the same Bermudian for at least 10 continuous years to be eligible for citizenship. Also, during that marriage they must reside in Bermuda for at least seven years. In addition, the couple must be living together during the two years immediately before the application for citizenship. Application for citizenship is a matter of public record. So public, in fact, that news of one’s desire to be a “true” Bermudian is printed and published in a local newspaper. Because citizenship hinges on being someone “of good character and conduct,” neighbours and peers are invited to share their opinions by written statement to the Department of Immigration. Bermuda CableVision 19 Laffan St., Hamilton Tel: 292-5544 E-mail: email@example.com Website: cablevision.bm Bermuda Stock Exchange (BSX) Washington Mall, Church Street, Hamilton Tel: 292-7212 E-mail: firstname.lastname@example.org Website: bsx.com Established in 1971, the Bermuda Stock Exchange (BSX) is now the world’s leading fully electronic offshore securities market, with a current market capitalisation (excluding mutual funds) in excess of $200 billion. There are over 700 securities listed on the BSX, of which over 350 are offshore funds and alternative investment structures. Trading occurs daily, and settlement is on a rolling T+3 basis using BEST, the BSX’s centrallimit- order-book trading mechanism, which is integrated tightly with the exchange’s clearing, settlement and depository platforms. The success of the BSX lies in its innovative approach to new products and markets and its ability to offer a commercially sensible regulatory environment. The exchange specialises in the listing and trading of capital market instruments such as Equities, debt issues, funds (including hedge-fund structures), derivative warrant programmes and insurance-linked securities, including catastrophe bonds. The BSX, recognised by the U. S. Securities and Exchange Commission as a designated offshore securities market, is a full member of the World Federation of Exchanges and is located in an OECD member nation. In recent developments, the BSX was granted Approved Stock Exchange Status under Australia’s Foreign Investment Fund taxation rules; Designated Investment Exchange status by the UK’s Financial Services Authority; and, in December 2007, was granted Recognised Stock Exchange status by the UK’s HM Revenue and Customs. In February 2008, the BSX was admitted to membership in the Americas' Central Securities Depositories Association. Bermuda Technologies Ltd. PO Box 3077, Hamilton HM NX Tel: 296-7000 E-mail: email@example.com Website: bti.bm Focused on providing telephony solutions for the modern business environment, Bermuda Technologies has extensive experience working with some of the largest and most demanding organisations in the local and international business communities. The people of Bermuda Technologies honed their technical expertise on communications products that utilise your computer network infrastructure, providing the opportunity to integrate telephony services seamlessly, such as PBX systems (Avaya) and audio and video conferencing solutionS (Polycom) with computer network access, thereby avoid avoiding the expense of a separate communications network. Business Bermuda Windsor House, First Floor, 22 Queen St., Hamilton Tel: 292-0632 Website: businessbermuda.org Business Bermuda is an organisation of almost 200 leading companies serving clients in the international business community. Members offer accounting, legal, banking, management, insurance, reinsurance, telecommunications, e-business, information technology, and international trust and fund services. As home to leading financial, insurance, reinsurance and e-business specialists, Bermuda has cemented its role as the international financial jurisdiction of choice. Its unique geographic position allows full access to North American and European markets. Its recognised and effective regulatory framework and its long established “KYC” philosophy make Bermuda an exceptional base from which to meet financial-service needs. With the support services provided by our member companies, Business Bermuda can assist you in realising the advantages of doing business in Bermuda. Decisions Ltd. PO Box 3077, Hamilton HM NX Tel: 295-4533 E-mail: firstname.lastname@example.org Website: decisions.bm Providing a comprehensive array of solutions for all your information-technology and structured- cabling needs, key areas of expertise include IP design and audit, storage area networks, virtualisation, server and desktop support, small office / home office solutions, anti-viral technology, and managed services for complete fixed-cost IT support. Decisions is the only CommScopecertified cabling company in Bermuda. With extensive experience designing and installing complex cable infrastructures, it also provides wireless solutions ranging from metropolitan to residential. Electronic Services Limited 26 Harvey Road, Paget Tel: 236-3885 E-mail: email@example.com Website: electronicservices.bm Electronic Services Ltd. Is an audiovisual company with more than 30 years of experience. The firm provides technical support and equipment to major hotels, small properties and corporate offices in Bermuda. Electronic Services Ltd. Has worked with many large overseas production companies and meeting planners to provide custom services for clients with conventions and video conferences in Bermuda. Hospitality Systems Ltd. PO Box 3077, Hamilton HM NX Tel: 295-4533 E-mail: firstname.lastname@example.org Website: hsl.bm Hospitality Systems Limited is the exclusive provider in Bermuda of MICROS point-of-sale terminals and the Opera (Fidelio) propertymanagement system. These systems are leaders in the hospitality industry worldwide, providing an integrated and intelligent solution that ensures a clear flow of information throughout any hospitality property, from front office, reservations and catering to materials control and customer-relationship management. MICROS has product solutions for any restaurant, large or small, which can help to reduce redundancies, avoid purchasing errors and improve customer service. Noah’s Ark 3 Marsh Lane, Devonshire Tel: 236-1533 E-mail: email@example.com Website: noahsark.bm Noah’s Ark is Bermuda’s premier location for pet and aquarium needs and has been ranked as Best in Bermuda. The family-run business has been trading for over 15 years and takes pride in offering Bermuda’s best selection of highquality pet foods, along with fun and practical items to keep your pets healthy and happy. The aquarium department is the largest on the islands, and the store is the only retail source for horse and other large-animal feeds and hay. Teeter Tots Nursery 49 Church St., Hamilton Tel: 295-6387 E-mail: firstname.lastname@example.org Teeter Tots Nursery, in business for over 14 years, has a convenient location in the city of Hamilton. Teeter Tots operates all year, the facility is air-conditioned, and all teachers are qualified and very caring. The nursery believes in teaching the whole child, not just academics. TeleBermuda International Limited Victoria Place, 1st Floor, 31 Victoria St., Hamilton Tel: 296-9000 E-mail: email@example.com Website: telebermuda.com TeleBermuda International Limited, a leading international telecommunications and managed-IT provider in Bermuda, offers data, voice, Internet, co-location hosting, business-continuity, managed storage and IT services to the residential, commercial and international carrier markets. Call or e-mail a TBI corporate sales representative To find out more regarding TBI’s business products and services. Wheels Cycles Moped and Scooter Sales 13 Dundonald Street West Hamilton Tel: 295-0112 E-mail: firstname.lastname@example.org Website: wheelscycles.com Servicing Bermuda since 1970, Wheels Cycles sales and Service department offers brandname accessories, spare parts, pedal cycles and Peugeot scooters at competitive prices. With the widest selection island-wide, all pedal cycles are fully assembled with the option of layaway for up to 3 months. Peugeot scooters range from 50cc to 125cc with numerous colours and styles available. Test rides are accessible to all who possess a Bermuda driver’s Licence for the perspective class cycle. Possessing an excellent spare parts department with knowledgeable staff, we are confident that we can meet all your requirements. Committed to meet every customer’s requests, we realise that they are the only reason that we are in business. At Wheels Cycles Ltd. Our goal is to supply Bermuda with the best products and services at the fairest possible prices.
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