Bermuda on Offshore Financial Centres

While recent events have put a temporary halt on global mobility, as the pandemic dissipates it seems likely that there will be increasing interest from high-net-worth individuals and their families in having their primary or secondary residence in an offshore location.

As families and their advisers look beyond traditional wealth centres as a location for the family office, the British Overseas Territories (BOTs) of Bermuda and the Cayman Islands are proving increasingly popular choices.

With world economies in trouble in the wake of the Covid-19 pandemic, high-net-worth individuals and their advisors may be seeking new wealth management vehicles and opportunities.