Bermuda
Although commonly referred to in the singular, the territory consists of approximately 138 islands. Bermuda has a thriving economy, with a large financial sector and tourism industry giving it the world's highest GDP per capita in 2005. Terrain, gorgeous pink beaches, and cerulean blue oceans.
Capital city: Hamilton
Language: English some Portuguese
Religion: Christian
Currency: Bermudan dollar
Climate: Sub-tropical climate.
Time zone: Atlantic (UTC-4)
Getting there: regular scheduled flights, some charters.
Buying process: You may encounter prices listed as 'gross' or 'net'. The 'gross' price is the historical standard in Bermuda and implies that the vendor will pay the agents' commission plus half of the stamp duty and half of the conveyancing cost. Some vendors prefer to stipulate in their pricing that the purchaser pay the agent(s) and/or all of the stamp duty and conveyancing cost. These variations are referred to as 'net' (or sometimes 'net net'). However, the cost associated with the transfer of title (legal fees and stamp duty) are normally split between the seller and purchaser.
Stamp Duties are charged on a sliding scale from2% -5% as the price goes up to $1 million.
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