Bermuda

Being the sector that brings the most income, Bermuda's financial sector is well developed and with an advanced infrastructure. The total number of Bermuda collective investment schemes increased by approximately 16% between 1999 and 2000, with corresponding net asset value growth of 36%. That rate of growth continues with the figures for the first quarter of 2001 showing a 15% increase over Q1 of 2000, with net asset value growth of 31%. There have been two important regulatory/legislative changes made over the last year. The first is the amendment to the Companies Act to remove the requ...