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Topic: Economy of Bermuda

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	Bermuda - Facts, Information, and Encyclopedia Reference article
		Bermuda (adjective Bermudian) is an internally self-governing island Overseas Territory of the United Kingdom, situated in the Atlantic Ocean.
		Bermuda was discovered by the early 1500s, probably in 1503, although the evidence for the exact year, and the identity of the discoverer, is sketchy.
		Bermuda is one of the three vertices bordering the Bermuda Triangle, an allegedly paranormal region of the Atlantic Ocean.
	www.startsurfing.com /encyclopedia/b/e/r/Bermuda.html (935 words)

	Bermuda
		Bermuda is an island colony of the United Kingdom, situated in the Atlantic Ocean.
		In addition, the tariff enacted by the U.S. against its trading partners in 1930 cut off Bermuda's once-thriving agricultural export trade--primarily fresh vegetables to the United States--spurring the overseas territory to develop its tourist industry, which is second behind international business in terms of economic importance to the island.
		During World War II, Bermuda became important as a military base because of its location in the Atlantic Ocean.
	www.ebroadcast.com.au /lookup/encyclopedia/be/Bermuda.html (261 words)

	Bermuda
		Bermuda is one of the most geographically isolated places in the world.
		Bermuda is believed to rest on the peaks of a volcanic mountain rising steeply from the ocean bottom to about 60 meters below the surface.
		Bermuda's most well-known cultural icon, the Gombey, was also born out of the separation of white and fl cultures in Bermuda.
	www.montrosetravel.com /cs_bermuda1.html (532 words)

	Bermuda Economy
		Bermuda has enjoyed steady economic prosperity since the end of World War II, although the island experienced a mild recession in 2001-02, paralleling the recession in the United States.
		Bermuda is considered an offshore financial center, and it has a well-deserved reputation for the integrity of its financial regulatory system.
		Bermuda has 150 miles of private paved roads; 130 miles of public paved roads; 25 miles of historic, unpaved railroad trail, used as scenic trails; three ports, including the former U.S. Naval Air Station and Naval Air Station Annex; and one airport, located at the former U.S. Naval Air Station.
	www.traveldocs.com /bm/economy.htm (1226 words)

	Bermuda (08/06)
		Bermuda was discovered in 1503 by a Spanish explorer, Juan de Bermudez, who made no attempt to land because of the treacherous reef surrounding the uninhabited islands.
		Bermuda is the oldest self-governing overseas territory in the British Commonwealth.
		A third party, the Bermuda Democratic Party (BDP), was formed in the summer of 1967 with a splinter group from the PLP as a nucleus; it disbanded in 1970.
	www.state.gov /r/pa/ei/bgn/5375.htm (3449 words)

	Bermuda Past and Present \| bermuda-guide.info
		Bermuda has a unique location off the coast of the U.S. Instead of drawing visitors to the shores of the Caribbean, it draws them to an island which has had a stable history, great economic growth, and wonderful tropical weather.
		Bermuda's culture is truly shaped by its stability.
		The economy has also been fairly stable, though it has been linked closely to the economies of both the U.S. and its motherland, the U.K. Though sugarcane was enough to hold the island for centuries, the 1900s brought along two revolutionary ideas.
	bermuda-guide.info /past.and.present (295 words)

	Bermuda.com Newsletter: Bob Stewart's New Book (Site not responding. Last check: 2007-09-17)
		The sad fact is that Bermuda tourism is organised along exactly the same lines as it was 25 years ago; the Minister of Tourism is responsible to Cabinet and Parliament for the industry’s well-being, and that day-to-day management is carried out by tenured civil servants some of whom have limited experience of the industry.
		The Bermuda Government has instituted a form of foreign aid, but it does not go to starving children in Africa but to shareholders who are wealthy enough to look after themselves.
		Bermuda hotels have not made money for years, and there is no reason to believe that the new operator would do any better than the Marriott Corporation, one of the most successful hotel companies the world has ever known.
	www.imakenews.com /bermudacom/e_article000125301.cfm (4545 words)

	Bermuda (Site not responding. Last check: 2007-09-17)
		Bermuda is a self-governing island Overseas Territory of the United Kingdom situated in the Atlantic Ocean.
		During World War II Bermuda became important as a military because of its location in the Atlantic In 1941 the United States signed a agreement with the United Kingdom giving the surplus U.S. Navy destroyers in exchange for lease rights to establish naval and air in Bermuda.
		Bermuda is perhaps my favorite island--for its civility, its quiet beauty, a little touch of England in the middle of...
	www.freeglossary.com /Bermuda (705 words)

	Bermuda's Economy
		Bermuda Government imposed methods of direct and indirect taxation and fees have become complex, bewildering - and why Bermuda is such an expensive place for locals and residents to live, companies to operate and tourists to visit.
		In Bermuda, prices have risen by nearly 180% since 2000 and in 2005 to date are at least $940,000 for a house with an apartment ($540,000 in 2000) and $1 million - $995,000 ($545,000 in 2000) for an average 2/3 bedroom median single dwelling house.
		In Bermuda, this means solely a senior citizens' pension from the Bermuda Government in direct proportion to the premiums paid in by an employee and employer, not the multitude of other provisions included in the Social Security provisions of the USA.
	www.bermuda-online.org /economy.htm (5283 words)

	Bermuda Economy Profile 2006
		Its economy is primarily based on providing financial services for international business and luxury facilities for tourists.
		Bermuda's tourism industry - which derives over 80% of its visitors from the US - continues to struggle but remains the island's number two industry.
		Bermuda's industrial sector is small, although construction continues to be important; the average cost of a house in June 2003 had risen to $976,000.
	www.indexmundi.com /bermuda/economy_profile.html (206 words)

	Bermuda - Wikipedia, the free encyclopedia
		Bermuda (also known as The Bermuda Islands and formerly as The Somers Isles) is an overseas territory of the United Kingdom in the North Atlantic Ocean.
		Bermuda is located in the North Atlantic Ocean, roughly 580 nautical miles (1074 kilometers) east-southeast of Cape Hatteras on the Outer Banks of North Carolina and roughly 590 nautical miles (1093 kilometers) southeast of Martha's Vineyard (see map).
		Bermuda's per-capita income is approximately 50% higher than that of the United States; CIA data shows a GDP of $4.5 billion in 2004, implying a per-capita amount of $69,900.
	en.wikipedia.org /wiki/Bermuda (3182 words)

	The Bermuda Insider: Insider Tips for Visiting and Vacationing in Bermuda
		Bermuda has been highly successful in building an economic base on tourism and international finance, with the result that it now boasts one of the highest per capita incomes in the world.
		Bermuda has retained the custom of dressing for dinner, so ladies should be sure to bring a few dresses or skirt sets and men shouldn't forget their jackets and ties.
		Bermuda observes Daylight Savings Time in the same way and at the same time as in the U.S. Bermuda is normally four hours behind Greenwich Mean Time and British Summer Time in the United Kingdom.
	www.theinsider.com /Bermuda/TipsandIdeas/AboutBermuda.htm (1561 words)

	Bermuda History \| iExplore.com
		Bermuda was first discovered by Juan de Bermudez, the Spanish mariner, in 1505.
		Bermuda is the oldest British colony and there are still elements of British culture and customs in almost every aspect of life on the islands.
		Bermuda’s economy is dominated by two industries – tourism and international business, financial, insurance and re-insurance services – which together account for approximately 90 per cent of GDP.
	www.iexplore.com /dmap/Bermuda/History (542 words)

	Bermuda for Bermudians - Properties - International Herald Tribune
		Bermuda, which is 600 miles east of South Carolina, shares a problem with many resort areas: real estate prices that are too high for most locals.
		Bermuda's rules about who can work on the island, which are at least as strict as the rules about who can buy property, make no exception for homeowners, according to Brewer, the government official.
		There are plenty of reasons to want to live on Bermuda, starting with the pinkish sand and turquoise water that ring the island, which locals call "the rock." But earlier this summer, several tourists had their bags snatched by mo- torcyclists; in one case, the victim was dragged for some distance.
	www.iht.com /articles/2006/09/03/properties/web.0903bermuda.php (1334 words)

	GeographyIQ - World Atlas - North America - Bermuda - Economy
		Bermuda is an offshore financial center with arobust financial regulatory system.
		Historically important for employment and tax revenue, Bermudaâs tourism industry is continuing to experience difficulties, although both the government and private sectors are working to improve it.
		Exports from Bermuda, including imports into the small free port that are subsequently re-exported, increased from $35 million in 1993 to $57 million in 2002 (provisional).
	www.geographyiq.com /countries/bd/Bermuda_economy_summary.htm (998 words)

	Bermuda information - Search.com (Site not responding. Last check: 2007-09-17)
		Bermuda (fully, The Bermuda Islands, alias The Somers Isles) is an overseas territory of the United Kingdom in the North Atlantic Ocean, situated around 600 miles (975 km) off the coast of the United States.
		In 1996, St George's, Bermuda, was twinned with Lyme Regis, Dorset, England, the birthplace of Sir George Somers.
		Bermuda is located in the North Atlantic Ocean roughly 580 nautical miles (1074 kilometers) east-southeast of Cape Hatteras on the Outer Banks of North Carolina and roughly 590 nautical miles (1093 kilometers) southeast of Martha's Vinyard.
	c10-ss-1-lb.cnet.com /reference/Bermuda (2679 words)

	Economy of Bermuda - Wikipedia, the free encyclopedia
		The industrial sector is small, and agriculture is severely limited by a lack of suitable land.
		Its economy is based primarily upon international business (especially re-insurance, for which it is now a world center) and tourism, with those two sectors accounting for more than 70% of the total balance of payments current account receipts of foreign exchange.
		Exports from Bermuda, including imports into the small free port, which are subsequently re-exported, increased from €28 million (US$35 million) in 1993 to almost €42 million (US$51 million) in 1999.
	en.wikipedia.org /wiki/Economy_of_Bermuda (1536 words)

	Bermuda Visa Application - Tourist Visas, Business Visas, Expedited Visas - Bermuda Page
		Bermuda was first settled in 1609 by shipwrecked English colonists headed for Virginia.
		Because Bermuda is a British overseas territory, U.S. policy toward the United Kingdom is the basis of U.S.-Bermudian relations.
		In addition, the tariff enacted by the U.S. against its trading partners in 1930 cut off Bermuda's once-thriving agricultural export trade--primarily fresh vegetables to the United States--and helped spur the overseas territory to develop its tourist industry, which is second behind international business in terms of economic importance to the island.
	www.travisa.com /Bermuda/index.htm (422 words)

	Experience Bermuda - Official Website of the Bermuda Hotel Association
		Bermuda is world renowned as the wreck-diving capital of the Atlantic-and for good reason.
		Bermuda is one of the finest places in the world for wreck hunting and other types of diving.
		And most Bermuda settlers were involved in wrecking-no matter what their station in life.
	www.experiencebermuda.com /activities/shipwrecks.html (1009 words)

	Bermuda Economy
		Bermuda is a renowned centre for international business, with particularly strong insurance, investment fund and trust sectors.
		Bermuda is a stable, intelligently-run Island with a highly sophisticated infrastructure.
		Bermuda, therefore, is likely to remain one of the world’s most exclusive and sought-after destinations for both tourists and international business, for the foreseeable future.
	www.bermuda.com /aboutbermuda/economy (276 words)

	Bermuda.com Newsletter (Site not responding. Last check: 2007-09-17)
		Bermuda is one of those places that looks every bit as good in real life as it does in the brochures.
		Today’s United Bermuda Party has transformed itself into a party of the future, a party that uses its diversity as a source of strength and ideas, a party that stands for progressive social and economic policies that serve the many, not a select few.
		Bermuda Music is rapidly exploding with so many new artists, and now that many Bermudians have their own recording studios you can be sure there will be lots of NEW music released this year!
	www.imakenews.com /bermudacom/index000026774.cfm (1014 words)

	Bermuda - Economy
		Bermuda enjoys one of the highest per capita incomes in the world, having successfully exploited its location by providing financial services for international firms and luxury tourist facilities for 360,000 visitors annually.
		International business contributes over 60% of Bermuda's economic output; a failed independence vote in late 1995 can be partially attributed to Bermudian fears of scaring away foreign firms.
		Bermuda, Canada, Greenland, Mexico, Saint Pierre and Miquelon, United States.
	www.traveljournals.net /explore/bermuda/economy.html (229 words)

	Bermuda (Site not responding. Last check: 2007-09-17)
		Growth in Bermuda was very sluggish at 0.7% in 1995, which was considerably below the government’s original 3.5% forecast in the 1995/1996 budget.
		The financial services sector is critical to the economy of Bermuda.
		Bermuda is a British dependent territory and it is the oldest British colony in the Commonwealth.
	www.treasury.boi.ie /country/bermuda.htm (596 words)

	Incorporation of a Bermuda Company
		In 1609 Bermuda was settled by shipwrecked English Colonists heading for Virginia.
		Bermuda is a group of islands east of South Carolina in the North Atlantic ocean.
		Economy primarily based on providing financial services for internation business.
	www.offshorecorporation.com /bermuda (144 words)

	bermuda real estate
		Bermuda was settled in the 1600s by shipwrecked colonists headed for Virginia.
		Tourism continues to be an important part of the island’s economy, but Bermuda’s economy is increasingly led by financially savvy international businesses.
		The Bermuda Government also regulates property sales to international purchasers in an effort to protect the balance of foreign ownership on the island.
	www.privateislandsonline.com /bermuda_info.htm (198 words)

	Bermuda's Business & Economy Index
		If, for example, a controller of an insurance company is deemed to be unfit for such a position by the Bermuda Monetary Authority, but defies a notice to relinquish that position, they can be fined $25,000 and an additional $500 for each day that they continue to commit that offence.
		Every company must notify the Registrar of Companies, at the Government Administration Building, 30 Parliament Street, Hamilton HM 12, Bermuda, of its registered office, which cannot be a post office box, on Form 13.
		Local Investment Companies must be granted a license to carry on investment business in Bermuda within the meaning of section 2 of the Act, before they can sell their services.
	www.bermuda-online.org /business.htm (1537 words)

	Bermuda as a Tax Haven - Offshore Investment Resources
		Bermuda Online Business and Economy - Bermuda Online Business and Economy - Bermuda from A to Z for educators, visitors and newcomers.
		It was formed in 1970 and developed a strong international outlook as Bermuda emerged as one of the most important offshore international and financial business centres in the world.
		First Bermuda Securities Ltd - First Bermuda Securities Ltd - First Bermuda Securities Limited, is a leading independent investment banking firm in Bermuda, incorporated in 1990 to provide offshore institutional and individual investors with high quality and cost effective investment services and products.
	www.escapeartist.com /taxhavens/Bermuda_offshore.html (936 words)

	Bermuda: Economy, Government, and People
		Semitropical produce, sales of fuel to aircraft and ships, and pharmaceuticals are among Bermuda's exports, though all are relatively minor in the overall economic picture.
		Bermuda is led by a prime minister and has a bicameral parliament with an appointed senate and an elected 40-member house of assembly.
		Over 60% of Bermuda's inhabitants are of African ancestry, descended from slaves brought to the islands during the 18th cent.; there is also a sizable population of British descent.
	www.factmonster.com /ce6/world/A0856910.html (147 words)

	A/RES/38/43. Question of Bermuda
		Reaffirms the importance of the need to foster national unity and a national identity and takes note of the steps taken by the local authorities in that regard, such as the establishment of an institution with a view to preventing discrimination among the people of the Territory on racial, religious, social or political grounds; 9.
		Strongly urges the administering Power, in consultation with the Government of Bermuda, to make every effort to diversify the economy of Bermuda, including increased efforts to promote agriculture and fisheries and the manufacturing sector for the benefit of the people of the Territory; 12.
		Reiterates its call upon the administering Power, in co-operation with the local authorities, to continue to expedite the process of "bermudianization" in the Territory and, in that connection, urges that particular attention be paid to greater localization of the public service; 14.
	www.un.org /documents/ga/res/38/a38r043.htm (514 words)

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