Bermuda Business Development Agency (BDA): Best Direct Investment Partner North America 2020

The CFI.co judges have conferred Bermuda Business Development Agency (BDA) the 2020 award for Best Direct Investment Partner North America 2020

Highlights of the judging panel’s findings include:  

• Over the past seven years, Bermuda Business Development Agency (BDA) has promoted and encouraged inward direct investments that have strengthened the economy as well as the island’s business-friendly reputation and gold-standard regulatory framework. 
• The agency serves as a facilitator and first point of contact for those interested in setting-up, re-domiciling or expanding business operations. The BDA stresses the ease of doing business in Bermuda, with a favourable tax system and a collaborative relationship between government and industry. 
• The island’s location in the North Atlantic makes it an ideal time zone for serving global markets. 

The judging panel’s full report:

Bermuda Business Development Agency (BDA): Best Direct Investment Partner North America 2020

Bermuda is rightly famous for having pink sand beaches and more golf courses than you can shake a putter at, but it’s just as highly regarded as an international financial centre. The Bermuda archipelago covers just 32 square kilometres and can be reached by direct flights from New York, London and Toronto — easy access for international businesses. Over the past seven years, Bermuda Business Development Agency (BDA) has promoted and encouraged inward direct investments that have strengthened the economy as well as the island’s business-friendly reputation and gold-standard regulatory framework. The agency serves as a facilitator and first point of contact for those interested in setting-up, re-domiciling or expanding business operations. The BDA stresses the ease of doing business in Bermuda, with a favourable tax system and a collaborative relationship between government and industry. Bermuda boasts one of the world’s highest GDPs per capita, with international business and tourism serving as the key drivers of the economy. Island residents enjoy world-class infrastructure, including excellent transport and telecommunications. The island’s location in the North Atlantic makes it an ideal time zone for serving global markets. Bermuda BDA engages with the global community — and blue-chip companies in particular — to promote the island’s advantages. It understands what industries need and liaises with the government and independent financial services to advocate mutually beneficial solutions. In 2019, the BDA assisted 31 new corporate arrivals and collaborated on the advancement of seven legislative acts to support a broad range of existing industries and open avenues for future diversification. The CFI.co judging panel presents Bermuda Business Development Agency with the 2020 award for Best Direct Investment Partner (North America).

Roland Andy Burrows, CEO of the BDA, said: “This award is testament to the hard-work and commitment of the entire team at the BDA, including our board members who volunteer their time and efforts to advocate for Bermuda as a world-leading financial jurisdiction. Together, with our stakeholders, we work to encourage inward direct investment to benefit the island’s economy and ensure Bermuda’s legislative and regulatory framework remains the gold standard. We are delighted to have been acknowledged by Capital Finance International. The announcement of the award is positive news for everyone and comes at a time when the BDA is indefatigable in its efforts to deliver for our partners, not only in North America but domestically and internationally, during these challenging times.”

For further information, please contact:

Editorial Team

Tel +44 (0)203 137 3679

Email: editorial@cfi.co

About Bermuda Business Development Agency (BDA)

The BDA encourages direct investment and helps companies start up, re-locate or expand their operations in our premier jurisdiction. An independent, public-private partnership, we connect you to industry professionals, regulatory officials, and key contacts in the Bermuda government to assist domicile decisions. www.bda.bm

About CFI.co 

CFI.co is a print journal and online resource reporting on business, economics, and finance. The journal recognises that the traditional distinction between emerging and developed markets is now far less meaningful as world economies converge. Headquartered in London, the world’s most multicultural city, CFI.co covers and analyses the drivers behind that change. Combining the views of leading multilateral and national organisations with thought leadership from some of the world’s top minds – CFI.co’s dedicated editorial team ensures that readers better understand the forces influencing and reshaping the global economy.

About the CFI.co Awards Programme

Each year, CFI.co seeks out individuals and organisations that contribute significantly to the convergence of economies and truly add value for all stakeholders. Reporting from frontlines of economies on the move, CFI.co realises that best practice is to be found throughout the world. The Awards Programme aims to identify and reward excellence wherever it is found. The programme aims to inspire others to further improve their own performance.

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