GeographicalArea: consists of about 138 coral islands (20 islands are inhabited) and islets with ample rainfall, but no rivers or freshwater lakes; some land was leased by US Government from 1941 to 1995
Terrain and Climate: consists of about 138 coral islands and islets with ample rainfall, but no rivers or freshwater lakes, subtropical; mild, humid; gales, strong winds common in winter, risk of hurricanes
Population: 66,536 (July 2008 est.)
Ethnicity: black 54.8%, white 34.1%, mixed 6.4%, other races 4.3%, unspecified 0.4% (2000 census)
Capital: Hamilton
Government: British Crown Colony since 1684. Gained internal autonomy in 1968, parliamentary self-governing territory chief of state: Queen ELIZABETH II (since 6 February 1952); represented by Governor Sir Richard GOZNEY (since 12 December 2007)
Major Languages: English with some Portuguese
Major Religion: Anglican 23%, Roman Catholic 15%, African Methodist Episcopal 11%, other Protestant 18%, other 12%, unaffiliated 6%
Life Expectancy: 78.3 years
Monetary Unit: Bermudian dollar (BMD) Bermuda and U.S. dollars are approximately equivalency (1 $B = 1 $US)
Exchange Controls and Taxation: No income, corporate tax, capital gains or inheritance tax
Stamp Tax: None
Main Exports: No significant export business
Compulsory Education: Compulsory to the age of 16, suffrage 18 years of age
GDP: $69,900 (2004)
Annual Growth Rate: estimated 4.4%
Major Industry: Tourism
Communication: There are Internet cafes in the Royal Naval Dockyard, City of Hamilton and Town of St George, and connections are provided in most hotels
Internet - .bm
International dialing code: 1 + 441
Bermuda is not known as an OFC – Offshore Financial Center
Number of Banks: Three Private Banks, no major banks
Head of State:, Nominal Chief of State – Queen Elizabeth II
Press: • Main newspapers include The Royal Gazette (daily), The Mid-Ocean News (weekly) and The Bermuda Sun (bi-weekly).
Radio: AM 5, FM 3 Bermuda Broadcasting Company (BBC) operates ZBM AM, ZFB AM, ZBM FM 89 and Power 95. • VSB operates Mix 106, 1450 Gold, VSB 2 and VSB 3.
Television: 3 local stations
Time Zone: EST + 1 hour or GMT – 5 (GMT - 4 from first Sunday in April until last Sunday in October).
Airport: 1, Bermuda has no national airline as home base, but British Airways flies to Bermuda
Bank Lists
·Bank of Bermuda Limited (HSBC group)
·Bank of N. T. Butterfield & Son Limited
·Bermuda Commercial Bank Ltd
Bermuda
Full Name: Bermuda (overseas territory of the UK)
GeographicalArea: consists of about 138 coral islands (20 islands are inhabited) and islets with ample rainfall, but no rivers or freshwater lakes; some land was leased by US Government from 1941 to 1995
Terrain and Climate: consists of about 138 coral islands and islets with ample rainfall, but no rivers or freshwater lakes, subtropical; mild, humid; gales, strong winds common in winter, risk of hurricanes
Population: 66,536 (July 2008 est.)
Ethnicity: black 54.8%, white 34.1%, mixed 6.4%, other races 4.3%, unspecified 0.4% (2000 census)
Capital: Hamilton
Government: British Crown Colony since 1684. Gained internal autonomy in 1968, parliamentary self-governing territory chief of state: Queen ELIZABETH II (since 6 February 1952); represented by Governor Sir Richard GOZNEY (since 12 December 2007)
Major Languages: English with some Portuguese
Major Religion: Anglican 23%, Roman Catholic 15%, African Methodist Episcopal 11%, other Protestant 18%, other 12%, unaffiliated 6%
Life Expectancy: 78.3 years
Monetary Unit: Bermudian dollar (BMD) Bermuda and U.S. dollars are approximately equivalency (1 $B = 1 $US)
Exchange Controls and Taxation: No income, corporate tax, capital gains or inheritance tax
Stamp Tax: None
Main Exports: No significant export business
Compulsory Education: Compulsory to the age of 16, suffrage 18 years of age
GDP: $69,900 (2004)
Annual Growth Rate: estimated 4.4%
Major Industry: Tourism
Communication: There are Internet cafes in the Royal Naval Dockyard, City of Hamilton and Town of St George, and connections are provided in most hotels
Internet - .bm
International dialing code: 1 + 441
Bermuda is not known as an OFC – Offshore Financial Center
Number of Banks: Three Private Banks, no major banks
Head of State:, Nominal Chief of State – Queen Elizabeth II
Press: • Main newspapers include The Royal Gazette (daily), The Mid-Ocean News (weekly) and The Bermuda Sun (bi-weekly).
Radio: AM 5, FM 3 Bermuda Broadcasting Company (BBC) operates ZBM AM, ZFB AM, ZBM FM 89 and Power 95. • VSB operates Mix 106, 1450 Gold, VSB 2 and VSB 3.
Television: 3 local stations
Time Zone: EST + 1 hour or GMT – 5 (GMT - 4 from first Sunday in April until last Sunday in October).
Airport: 1, Bermuda has no national airline as home base, but British Airways flies to Bermuda
Sometimes a person needs to be introduced to a subject and gain education to gain confidence to reassure themselves that they are making the right decision. Just as we believe that insurance is your first wave of defense, we believe that education will become one of your best assets and a tool for protection! Take this course and you are on your way to protection!
You Will Learn the Following
►Asset Protection Basics
►Key Definitions for Your Understanding of the Tools Available
►How You Can Use Trusts to Your Advantage
►Irrevocable versus Revocable Trusts
►How the Law Pertains to Asset Protection
►The Safety Net Cuba Clause
►How to Choose a Jurisdiction for Maximum Benefits
►The Lesson Curriculum is as follows.
Lesson 1 - Asset Protection Theory
Lesson 2 - Definition of Terms
Lesson 3 - Rules of Asset Protection
Lesson 4 - Practice and use of your Trust
Lesson 5 - Trusts and Taxes
Lesson 6 - Types of Trusts
Lesson 7 - Irrevocable Trust
Lesson 8 - Security From The Law
Lesson 9 - The Cuba Clause
Lesson 10 - Jurisdiction Selection.