About Us - STEP Bermuda

It uses the English common law legal system with the UK Privy Council as the final court of appeal. It has a mature regulatory environment supported by a strong legal and accounting community.

Bermuda has an extensive proven track record of administering complex trust structures: private trust companies, private family funds and other similar planning tools.

It has a population of 64,000 with per capita GDP among the highest in the world. 13,500 international companies are based in Bermuda, with an estimated 35% of the population involved in international business.

It is the third largest insurance / reinsurance center after London and New York. The Bermuda dollar is pegged to the US dollar. Bermuda is exempt from the European Savings Directive.