Author: Brian Holdipp

20 Mar 2013

Brian Holdipp
Bermuda’s new Government has re-affirmed the commitment made last year to develop the new Business Bermuda Development Corporation (“BBDC”) as the preferred vehicle to give common strategic direction to the Island’s business development efforts. The re-affirmation came most recently in the Budget Statement of the new Minister of Finance who said:
The BBDC is a private public partnership that is intended to spearhead the promotion of Bermuda as a preferred domicile for a variety of international business activities, including reinsurance, asset management, trusts and fund administration. This involves organizing all the relevant stakeholders and formulating a coherent mission for the BBDC and strategies to achieve that mission.
The BBDC will come under a new Ministry of Economic Development which has declared a twofold objective:
18:15 / Bermuda Government / Company & Commercial Law