Bermuda Business Development Agency

The BDA works with companies that are already in Bermuda, or that are considering establishing operations in Bermuda, to foster growth. This includes:

• Introducing companies to industry partners
• Connecting businesses with the relevant representatives in the Bermuda Monetary Authority (BMA) and the Bermuda Government’s Business Development Unit
• Making formal introductions
• Trouble-shooting and following up with clients to simplify the process

The BDA promotes growth in four specific sectors in Bermuda:

• Risk (insurance, reinsurance, captives, ILS)
• Asset management
• Trust and private clients
• International commerce (technology, international markets, etc.).

It also runs industry focus groups and a business concierge service as a one-stop-shop for setting up a business in Bermuda.