BERMUDA

Location and Climate

• Bermuda is situated in the North Atlantic approximately 700 miles due east from the North Carolina seaboard.

• Due to its presence in the gulf-stream it enjoys a warm and temperate climate all year round.

Attractions

• Famous for its pink beaches and distinctive colourful white roofed houses Bermuda has a unique feel and an unrivalled outdoor lifestyle.

• Popular pastimes include golf, water-sports and diving.

• Lively social scene focused on the capital of the island Hamilton which boasts a series of world class restaurants.

Employment opportunities

• Bermuda is the leading offshore centre for insurance and reinsurance with around 1,500 international companies having a registered presence on the island.

• Approximately 1,000 captive insurance companies operate here.

• There are also around 1,300 funds registered on the island

• The ‘Big Four’ accountancy firms have a large presence on the islands to service these industries.

• Therefore for persons looking to make their first move into Bermuda there is a year round requirement for account executives for the captive insurance industry, fund accountants and fund services professionals. There is a large requirement each Autumn for Audit Seniors for the Big Four.

Taxation

• Bermuda is not strictly tax free however it is pretty close! There is currently a 4.75% payroll tax in operation at the current time and there may be some deduction from your pay for compulsory social insurance and medical care depending upon your prospective employers policy.

Immigration

• All non-Bermudians who intend to work in the Bermuda must obtain a work permit prior to starting their new position. Your prospective employer will pay for and guide you through the process.

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CAYMAN

Location and Climate

• The Cayman islands are located in the Western Caribbean only 400 miles for Miami, 180 miles south of Cuba and 195 miles Northwest of Jamaica.
• The main population is housed on Grand Cayman which is approximately 75 square miles. The island has a distinctly Caribbean feel (and climate!) with the major tourist hotels and housing developments centred on the western seaboard of the island along Seven Mile Beach.

Attractions

• The island has a thriving tourist scene and coupled with its emergence as a financial centre has fist class amenities and a number of world-class restaurants in the capital Georgetown.
• The bustling Seven Mile Beach.
• Popular pastimes include water-sports, golf and a world renowned diving scene.

Employment opportunities

• The Cayman Islands is one of the leading offshore financial centres in the world and Grand Cayman is the home to approximately 430 banks and trust companies, over 700 hundred captive insurance companies and around 9,000 funds.
• The ‘Big Four’ accountancy firms have a major presence on the island as well as several major law firms.
• Financial jobs for those seeking to make their first move into the region are mainly focused on audit and advisory vacancies, with a large intake required in the September and October of each year.
• There is also an ongoing requirement for fund accountants and fund services professionals as well for account executives in the captive insurance industry.

Taxation
At the current time there is no income tax in the Cayman Islands. The only deductions from your pay (depending on the policy of your employer) may be compulsory medical coverage and pension contributions.
Immigration

All non-Caymanians who intend to work in the Cayman Islands must obtain a work permit prior to starting their new position. Your prospective employer will pay for and guide you through the process.

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DUBAI

Location

• Dubai is the second largest and most populous of the seven emirates that make up the United Arab Emirates. Unlike the other emirates (and other countries in the region) Dubai derives less than 10% of its income from oil and has over the past twenty years entered into an unprecedented investment program to diversify its economy with a particular focus on construction, real estate, retail and tourism.
• The city in tune with its ancient Persian past is truly an international trade gateway and a bye-word for extravagance with its famous Six-Star hotel the Burj al Arab, the highest building in the world the Burj Dubai and the Palm Developments.
• The city and the Emirate is an interesting mix of old and new and of cultures and religions and is set to continue its growth and prominence for some time to come.

Employment opportunities

• Accountancy Jobs Abroad focuses primarily on placing persons into the Audit and Advisory service lines of the Big Four Accountancy Firms in Dubai and the Middle East region generally.

Taxation

• Dubai is truly tax-free. There is no income tax, capital gains tax, non-resident tax or any duty to speak of at the current time in the region.

Immigration

• To work in the UAE officially you must obtain a work permit and a residency visa as sponsored by your prospective employer. However many people enter the UAE on a tourist/temporary visa and seek and obtain work and then apply for a work permit retrospectively.

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