Bermuda

Bermuda is a British overseas territory in the North Atlantic Ocean that is divided into nine parishes and two municipalities. Its capital is Hamilton. The official currency in Bermuda is the Bermudian dollar (BMD), which is pegged to the United States dollar (USD) on a 1:1 basis. The official language of Bermuda is English.

Bermuda's economy is primarily based on providing financial services for international business and luxury facilities for tourists. Bermuda is home to over 1,200 insurance companies and is the third largest insurance and reinsurance centre behind New York and London. Bermuda's industrial sector is largely focused on construction. Agriculture is limited, with only 20% of the land being arable.

PwC is the largest accounting and professional services firm in Bermuda, with a total of 15 partners and a staff of more than 200 people. PwC assists businesses, individuals, and organisations with assurance services and tax consulting and compliance services, whilst delivering a wide range of business advisory services. PwC Bermuda is organised along key industry lines, including commercial insurance, captive insurance, and asset management.

PwC Bermuda offers a full range of tax services, including international tax planning, transactional consulting, and tax compliance directed at the US tax issues of offshore insurance and alternative investment funds and their US-based owners/investors. In addition, PwC Bermuda offers assistance with global information reporting, including the US Foreign Account Tax Compliance Act (FATCA), the Common Reporting Standard (CRS), and Country-by-Country (CbC) Reporting. PwC Bermuda also focuses on the needs of captive insurance companies, including US tax compliance, tax structuring, feasibility studies, and consulting along the captive life cycle.