Bermuda also referred to as the Bermudas or the Somers Isles is a British Overseas Territory in the North Atlantic Ocean, located off the east coast of the United States. Its nearest landmass is Cape Hatteras, North Carolina, about 1,000 kilometres to the west-northwest. It is about 1,200 kilometres south of Cape Sable Island, Nova Scotia, and 1,800 northeast of Miami. Its capital city is Hamilton.
Despite four years of recession and a public debt of $1.4 billion, Bermuda enjoys the fourth highest per capita income in the world, about 70% higher than that of the US. The average cost of a single-family home in 2012 was $1.1 million. Its economy is primarily based on international business and the provision of financial services to that sector, and to a lesser extent tourism. A number of reinsurance companies relocated to the island contributing to the expansion of an already robust international business sector. Bermuda’s tourism industry – which derives over 80% of its visitors from the US – continues to struggle and has dropped in its relevant importance to the economy, although it is still important as a job creator. Bermuda must import almost everything. Agriculture is limited due to the small size of the island and Bermuda’s industrial sector is small.
A list of companies in Bermuda that offer independent directors services are: