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PRIVACY STATEMENT

Bermuda Offshore Investment Services Limited (“BOIS”) has always been committed to protecting the privacy of personal information that we collect and maintain in the course of carrying on our business. This document describes how we collect, hold, use, and disclose your personal information.

  1. We hold the personal information we collect about you (and your spouse and/or beneficiary as applicable) in a record called the “client file”. Depending on the investment or service you request, the personal information in your client file may include:
    1. your contact details, such as name, address, telephone number, e-mail address
    2. tax identification number (“TIN”)
    3. birth date/place of birth
    4. marital status
    5. emergency/alternate contact information
    6. bank account, business, employment and professional details
    7. investment preferences, risk appetite and goals
    8. copies of identification documentation
    9. account holdings
    10. contact details, and TIN of your spouse and/or beneficiary.
  2. Location of Personal Information: Your personal information is kept in electronic, or paper format primarily in Bermuda, but it may also be kept in other locations for security or business purposes. BOIS has appropriate technical and organisational measures in place to prevent the unauthorised or unlawful use of your personal information, and accidental loss or destruction of, or damage to, your personal information.
  3. Collecting, Holding, Using, and Disclosing Personal Information: BOIS may collect, hold, and use the personal information in your client file as well as collect personal information from and disclose personal information to the third parties for the following purposes:
    1. identifying you and ensuring the accuracy of information contained in your client file;
    2. establishing and administering your account, determining, maintaining, recording, and storing account holdings and transaction information in your client file;
    3. executing transactions including transferring funds by electronic or other means;
    4. providing you with account statements, transaction confirmations, and other information which you may request as needed to service your account;
    5. meeting legal and regulatory requirements.
  4. Third Parties: We may have to share your data with third parties, including third-party service providers and investment product companies. We expect third parties to provide a level of security at or above the level of our protection of your data.
  5. You are entitled to access, through a written request, the personal information contained in your client file. You may verify this personal information and request that any inaccurate information be corrected. You may make such a request to info@bois.bm, Attn: Privacy Officer.
  6. You are also permitted to ask for your data to be erased, subject to limited exceptions set out in law, such as regulatory Financial Crime data. Should data be erased, a formal confirmation is provided to you. You may make such a request to info@bois.bm, Attn: Privacy Officer.
  7. We will not keep your personal information for longer than is necessary for our purposes, with a minimum set out by the Investment Business (Client Money) Regulations and Proceeds of Crim (Anti-Money Laundering and Anti-Terrorist Financing) Regulations.
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Open an Account

Accounts may not be opened for individuals who hold a US Passport or have a US Address.

Bermuda Offshore Investment Services Limited is licenced and regulated by the Bermuda Monetary Authority. All client accounts are subject to stringent identity requirements as outlined in the Bermuda Government Proceeds of Crime Act 1997, Proceeds of Crime (Money Laundering) Regulations 1998, and the Guidance Notes on the Prevention of Money Laundering. Additional information may be obtained from the “National Anti-Money Laundering Committee” website. Bermuda is a member of the Caribbean Financial Task Force (CFATF) which is the first regional grouping of the Financial Action Task Force (FATF or GAFI).

The following documentation is required for all accounts. The certification or date of all documents must be less than three months old.

Personal Accounts

  1. Account Agreement
  2. Account Application
  3. Notarized or Certified copy of the Passport for each beneficial owner of the account (cannot be a US Passport)
  4. Notarized or Certified copy of one additional piece of identification bearing a photograph for each beneficial owner of the account (National identity card, drivers licence, etc.)
  5. Original or certified copy of two of the following showing the residential address of the Account Holder (cannot be a US address): utility bill, bank statement, land tax statement, household or motor insurance statement
  6. Additional documentation may be required including Letters of Reference.

Corporate Accounts

  1. Account Application
  2. Account Agreement
  3. Notarized or Certified copy of Certificate of Incorporation
  4. Notarized or Certified copy of the Memorandum and Articles of Association
  5. A list of the names, ocupations, dates of birth, and residential and business addresses of all directors and any shareholders holding more than 10% of the issued shares
  6. Corporate resolution to open the account , listing the officers authorized to sign on the account
  7. Notarized or Certified copy of the Passport for each officer authorized to sign on the account (cannot be a US Passport)
  8. Notarized or Certified copy of one additional piece of identification bearing a photograph for each officer authorized to sign on the account (National identity card, drivers licence, etc.)
  9. Originals or certified copy of two of the following showing the residential address for each officer authorized to sign on the account (cannot be a US address): utility bill, bank statement, land tax statement, household or motor insurance statement
  10. Additional documentation may be required including Letters of Reference.

Account Details

Bermuda Offshore Investment Services acts solely as an advisor and broker, processing all purchases directly to the investment vehicles selected by the client. Each mutual fund company in which an investment is placed will open an account registered in the name as instructed by the client, and assign a unique account number to the client. Investments and accounts may be registered in the client name, or if the client prefers, in nominee, trust, or in a corporation’s name. Nominee, trust and corporate services are available from a variety of sources.

All invested funds are registered and accounted for on an individual client basis. All transactions require the express approval of the authorized signing officers for the account. Bermuda Offshore Investment Services and each individual mutual fund company will separately issue confirmations of each investment placed with them, and send them by mail directly to the registered account holder at the address specified by the client. Each individual mutual fund company issues quarterly or semi-annual statements for each client, which are mailed directly to the registered account holder at the address specified by the client. Bermuda Offshore Investment Services also provides quarterly consolidated statements for each client.

Purchases and redemptions may be made at any time, and there is no restriction, contract or limit on the length of time the funds have to remain invested.

Contact Bermuda Offshore Investment Services for additional information and the required forms to open an account.

Why Bermuda?

Why use Bermuda for your Investment needs?

Utilizing offshore investment facilities can provide benefits in a number of areas, dependent on your specific circumstances. Offshore jurisdictions are much less “litigation” friendly, providing a degree of protection for your assets. Privacy and secrecy laws and regulations protect your personal information.

Most offshore jurisdictions are a no tax or low tax locale, and under the right conditions, these no or low tax jurisdictions can provide relief from current or future taxes. Offshore investment facilities can provide unlimited investment opportunities, free of exchange controls and investment limitations imposed by your resident country.

The Benefits

  • No local taxes. There is currently no income tax, non-resident tax, capital gains tax or other similar taxes in Bermuda.
  • Privacy. No reporting of income or ownership to any government agency.
  • Stable Environment. Bermuda has a stable government, a sophisticated infrastructure, and a strong economy based on international business and tourism.
  • Investment Freedom. No restrictions on investment purchases.
  • Tax shelter. Through the use of trusts and private corporations, individuals may be able to shelter some of their assets from several forms of taxation in their declared domicile.
  • Asset protection. Offshore trusts and corporations can provide for asset protection from litigation and creditors.

Financial Calculators

Please find below some helpful tools when planning your financial future.

 

Investment Fees

Several fee options from annual management fees to imbedded commissions are available to suit your needs.

Contact Bermuda Offshore Investment Services for additional information and the required forms to open an account.

Why Bermuda?

Our Story

Since 1997, Bermuda Offshore Investment Services Limited has provided private, confidential, financial services to a select group of corporate, trust and individual clients located around the world.

We provide independent, unbiased investment advice, including investment portfolio review and analysis, strategic investment planning, segregated and comprehensive financial planning, and portfolio management. Bermuda Offshore Investment Services specializes in providing an unparalleled level of individual, personalized service. Working closely with each of our clients, Bermuda Offshore Investment Services ensures each of their unique needs and requirements are met through the implementation of strategic investment solutions.

Our services are utilized by individuals, trusts, and corporations for a variety of purposes. Many individuals wish to accumulate assets for retirement, estate planning, children’s or grandchildren’s education, or simply wealth accumulation. Corporations may utilize our services to proactively accumulate assets for a broad variety of future needs including share buy backs, partner buy outs, mergers, expansions and corporate acquisitions. Individual, trust or corporate investors can invest lump sums at any time, or establish regular investment schedules to meet specific future goals.

Bermuda Offshore Investment Services Limited is incorporated in Bermuda, and is licensed and regulated by the Bermuda Monetary Authority to conduct investment business.

Our Management Team

Matthew J. Cairney, FICB

As Managing Director, Mr. Matthew J. Cairney brings to Bermuda Offshore Investment Services over 30 years of extensive experience in the Financial Services Industry in Canada and Bermuda. He was employed by the Royal Bank of Canada for 13 years, and was active in the promotion of the Royal Bank’s retail investment products including fixed income securities and mutual funds. In Bermuda, Mr. Cairney has worked with the Bank of Butterfield, and as an independent Management Consultant.

John Barnett, CFP, CLU

Mr. Barnett has been involved in the financial services industry since 1969. Following a very successful 33 year career with Sun Life of Canada, he formed a company in Bermuda to distribute life insurance and annuity policies to high net worth individuals around the world. Mr. Barnett has held senior positions in both Bermuda and Canada in financial services industry associations.

Ben M. Cairney, BSc,CFP, CIP, CRM

Mr. Ben Cairney has been working with Bermuda Offshore Investment Services since 2008. Prior to this Mr. Cairney accumulated 5 years of experience in the corporate insurance and risk management field. He has a Bachelor of Science degree from the University of Calgary in Mathematics-Actuarial Science and holds designations as a Certified Financial Planner (CFP), Chartered Insurance Professional (CIP) and in Canadian Risk Management (CRM).

The result: Our investment philosophy is to create an investment portfolio that will meet your unique objectives, while maintaining an acceptable risk exposure. This requires balancing the opportunities for return with the potential for reduction of risk through asset allocation.

Contact Us

Get in touch with the Bermuda Offshore Investment Services team to discuss your financial needs.

Address

Office

5th floor Richmond House
12 Par La Ville Road
Hamilton HM 08
Bermuda

Mailing

Suite 481, 48 Par La Ville Road
Hamilton HM 11
Bermuda

 

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Financial Services

Bermuda Offshore Investment Services (“BOIS”) is one of Bermuda’s most comprehensive and dynamic independent investment firms. We offer investment advisory services, financial planning services, and financial consulting services:

  • Investment management for corporations, individuals, institutions, trusts and private holding companies
  • Segregated and comprehensive financial planning
  • Strategic investment portfolio planning
  • Estate planning
  • Retirement planning
  • Business succession planning.

Investment Products

There is a broad array of investment opportunities available to onshore and offshore investors. Bermuda Offshore Investment Services represents many of the best managed investment products from the best known names the international investments field. For a variety of reasons, we recommend the use of mutual fund investments for most of our clients, as we believe they represent the best mid to long term investment choice for many investors. Mutual Funds from well-known, internationally recognized Fund Companies provide an element of comfort and security for offshore investors. Our investment products range from relatively conservative well-diversified global equity funds to aggressive hedge funds, REIT funds, country and industry specific funds, as well as emerging market and high yield bond funds. 
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Mutual Fund Sites

 

Consolidated Canadian domiciled fund information can be found at globefund.com.

Consolidated Offshore domiciled fund information can be found at trustnetoffshore.com.

Terms of Use

The Fund Company names and logos above are the registered trademarks of the respective company. The information on this website is intended to provide general information only, and to supplement information contained in each fund’s prospectuses. No information on this web site constitutes an offer of fund shares or of any securities mentioned, which offer can only be made to qualified investors by prospectus.This information is not for use within the United States or with any U.S. persons, or for use within any sovereign nation or with any persons where such use would constitute a violation of law.