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Bermuda aims to become a centre for Islamic finance

Posted on 15 May 2012

The Government of Bermuda has plans to promote the country as a western hub for the Islamic financial services industry. On the signing of a Double Taxation Agreement (DTA) with Qatar, Premier and Minister of Finance, The Hon. Paula A. Cox, JP, MP, said the move “positions us to market Bermuda as an interconnecting domicile for Bermuda and investment from and to those 50 countries with which Qatar has DTAs.”
The Premier went on to say that investors in countries that to date do not have a DTA with Qatar can establish a domicile in Bermuda and benefit from the Qatar Bermuda DTA and the DTA network………………………………………..Full Article: Source

 
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