Hamilton, Bermuda, April 5, 2016

Some of the recent reporting on the “Panama Papers” perpetuates the myth that all offshore financial centres are the same. The fact is: Bermuda is different. While there may be businesses, service providers and lax regulatory environments around the world that enable illegal tax evasion, Bermuda is not one of them. Bermuda is different. Bermuda has an extremely positive global reputation built on transparency, compliance and cooperation—these attributes have been differentiating hallmarks of the jurisdiction for decades. The EU provided a strong endorsement of Bermuda’s robust, mature, and proficient regulatory environment by awarding equivalency with its own EU Solvency II regime. Bermuda is one of just two non-EU countries to be awarded that distinction … Read full article here – Bermuda is different | Panama Papers

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