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| Bermuda To Target Aerospace Companies |
by Phillip Morton, Investors Offshore.com
Tuesday, September 20, 2011
In meetings with members of the financial community with investments in the
space sector, Bermuda's Minister of Environment, Planning and Infrastructure Strategy,
Walter Roban, announced that the government is seeking to reform the investment
climate for the sector, to establish Bermuda as an attractive, tax-efficient
territory in which to base operations.
Roban told business leaders:
“I am determined to build on the comparative advantage we have built
for ourselves over the years. We have the know-how, the enterprise culture,
the infrastructure, the regulatory framework, and the orbital real-estate. It’s
not hard to see why we should pursue this.”
The government is expected to publish a blueprint on how it will develop a conducive environment for the industry imminently. In the meantime, the
government has engaged with industry leaders in the UK and in Paris to drum
up interest from companies in establishing operations on the island.
In addition, Roban has met with senior members of the UK's telecommunications
regulator Ofcom to forge a relationship that will enable Bermuda to act diligently
in matters of international regulation where Ofcom's participation is required.
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