1) B E R M U D A
BIOTECH &
LIFE SCIENCES
Bermuda is developing a
biotech and life sciences
ecosystem to support
the evolution of clinical
laboratories and the
next generation of
healthcare innovation.
Bermuda’s goal is to help
improve the quality of global
healthcare by encouraging
research, development
and commercialisation of
innovative healthcare
Connecting Business
technologies from a
renowned international
jurisdiction.
Bermuda’s highly
sophisticated regulatory,
telecommunications, financial
and legal environments
comprise the ideal backdrop
to support everything
from clinical diagnostic
laboratories to big-data
analysis and bioinformatics.
Bermuda’s high level of
global economic integration
provides a solid foundation to
foster an innovative industry,
improve patients’ lives and
drive down healthcare costs.
2) Bermuda’s
key benefits
include:
A streamlined regulatory system with a government team highly focused
on helping promote economic development
A comprehensive and robust telecommunications infrastructure:
Bermuda is known as the “Wired Island” and was named “Best Digital
Jurisdiction” by the World Commerce Review in 2013 and 2014
A highly robust legal system based on common law which can help the
most innovative companies increase their IP moat
Close proximity to one of the world’s largest biotech centres (Boston)
and quick direct flights to numerous key East Coast locations, including
New York and Boston
Direct access to one of the largest (re)insurance markets in the world,
with a choice of healthcare specific insurers, robust captive management
services and a mature hospitality sector for AGMs and conferences
Financial advantages gained through Bermuda’s tax neutrality—Bermuda
has signed TIEAs and/or tax treaties with more than 80 different
countries, including a close relationship with the US, Canada and the UK
3) Case Study:
Bermuda Institute of Ocean Sciences (BIOS)
The Bermuda Institute of Ocean
Sciences (BIOS) is a worldrenowned research organisation.
BIOS has collected a substantial
repository of deep-ocean time
series data and performed
ground-breaking molecular and
genomic research on marine
invertebrates for application in
medicine and biotechnology.
BIOS sits at the core of
Bermuda’s growing science and
technology capabilities and is
often approached to participate
in academic and commercial
partnership opportunities. The
organisation is registered as a US
corporation and charity, as well as
a Bermuda-registered charity and
statutory body.
BIOS Key Stats
World-class scientific research
and educational institution
Joint PhD programme with
Princeton University and
partnerships with other leading
academic institutions in Canada
and the UK
Funded by US government
scientific agencies (e.g. National
Science Foundation, NASA, NOAA)
Maintains laboratories, vessels,
policies and procedures in
compliance with US regulations
and best practices
Owns the only long-range ocean
research vessel based in the
mid-Atlantic
Has contributed over a century
of science, education and
international collaboration
in Bermuda
4) About the BDA
The Bermuda Business
Development Agency (BDA)
encourages direct investment
and helps companies start up,
re-locate or expand their business
in Bermuda. An independent,
public-private partnership, we
connect prospective business to
industry professionals, regulatory
officials, and key contacts in the
Bermuda government to facilitate
jurisdictional decision-making.
BDA Business
Concierge Service
Next Steps
The Bermuda Business Development Agency (BDA) welcomes biotech and
life sciences companies to discuss the opportunity to set up an Island-based
operation.
Bermuda enjoys an excellent reputation and continues to be seen as the
gold standard in international business. We have a sophisticated and tightknit network of support services along with world-class telecommunications
infrastructure. It is a perfect test-bed environment in an ideal geographical
location.
We offer a Business Concierge
Service to partner with companies
seeking to establish operations
in the jurisdiction. Our team is a
single point of contact to connect
clients with industry, government,
regulatory officials, and services
such as realtors, law firms,
auditors and relocation experts.
Our Concierge is also available to
existing Bermuda companies.
Considering Bermuda as your base for business?
Contact us to arrange an initial consultation so
we can begin to get things moving for you.
Maxwell Roberts Building, 6th Floor
1 Church Street
Hamilton HM 11
Bermuda
+ 1 441 292 0632
info@bda.bm
www.bda.bm