| Bermuda's effective regulatory framework provides intellectual property protection and reduced risk of litigation and product liability exposure. This coupled with the Standard for Electronic Transactions, a self-regulating code of conduct, ensures that Bermuda provides the most conducive regulatory environment for e-business. |
| Pioneering Legislation |
| The innovation and cutting edge clarity of Bermuda's Electronic Transaction Act (1999) positions Bermuda as one of the world's leaders in the codification of Internet law. |
| Bandwidth |
| Bermuda received one of the first underwater telecom cables in the 1890s and now boasts a highly-developed communications infrastructure, with extensive bandwidth available through fiber optic and satellite networks operated by multiple vendors. Cable & Wireless' Teleport site benefits from 4 diverse bandwidth routes, and is fully redundant in the event of primary failure. All systems have full on site 24/7 monitoring. The campus itself has a completely redundant power supply located at one of the highest points on the island, has full security and is capable of withstanding the most extreme weather conditions. |
| Hosting |
| Bermuda provides the highest quality hosting facilities with maximum security and full redundancy. |
| Innovation |
| Just one example is the Bank of Bermuda's pioneering multi-currency platform, which is the only facility in the world to offer true multi-currency capabilities. Unlike other jurisdictions, Bermuda has a choice of settlement in currencies other than the US dollar, and a flexible approach to issuing merchant accounts. Partly due to this infrastructure, Bermuda is attractive to small and medium size businesses. |
| Service Providers |
| Bermuda hosts an extensive array of web design companies, ISPs, computer hardware and software vendors, and the largest group of offshore Internet transaction gateway providers in the world. |
| Focus on Business |
| Bermuda has a highly skilled and well-educated work force, including representatives of the top international accountancy, legal and professional management firms. The Bermuda Stock Exchange also provides a Mezzanine market for Tech companies to incorporate on their way to a market such as NASDAQ. Bermuda has always maintained an international outlook. |
| Accessibility |
| Bermuda is ideally situated to serve as a telecommunications hub for Europe, North America and Latin America. Daily flights from top business centers and a convenient time zone facilitate conference calls and face-to-face meetings. |
