Bermuda combines an appropriate taxation system with a business conducive regulatory environment. The island is ideally geographically located and has a proven blue chip reputation. Bermuda’s sophisticated legal system is based on English Common Law with recourse to the Privy Council. Bermuda’s trust legislation is contemporary and business friendly with an effective legislative review process. Bermuda has internationally renowned trust practitioners and a robust infrastructure. Bermuda has a very active STEP Bermuda chapter and a hands-on BDA Trusts Focus Group. The jurisdiction has a proven track record of administering complex trust structures, using private trust companies, private family funds, Purpose Trusts, Unit Trusts and other financial planning and wealth and estate preservation tools to provide comprehensive commercial solutions for corporate and Private Client needs. The Bermuda Business Development Agency (BDA) is an independent organisation partnering with the public and private sectors to enhance and grow business in Bermuda.