The Bermuda Business Development Agency (BDA) encourages direct investment and helps global companies start up, re-locate or expand their business in Bermuda—a vibrant centre for re/insurance, funds, family offices, trusts and private-client business, and other financial services. The BDA is an autonomous unit that connects prospective business to industry professionals, regulatory officials, and key contacts in the Bermuda government to facilitate domicile decisions. Bermuda’s proximity to both North America and Europe make it an ideal location for companies serving global markets. Other advantages include its highly respected regulatory framework, sophisticated legal system based on English common law, world-class workforce and access to capital. The island offers comprehensive commercial solutions to companies and private clients, and is well-suited to administering complex trust structures, private trust companies, purpose trust structures, unit trust structures for fund administration, and other financial-planning tools.