Frequently Asked Questions

ACCOUNTANTS:

• There are regular opportunities with the Big Four and boutique practitioners in Financial Services Audit, Financial Accounting, Risk/ Financial Advisory, US Tax and Insolvency & Corporate Recovery
• We also have opportunities with established firms and startups for all levels ranging from Financial Accountant to Chief Financial Officer

ACTUARIES:

• We have regular openings for qualified or nearly-qualified Life or P&C actuaries both in consulting and with Re/Insurance companies in Bermuda

LAWYERS:

• For qualified lawyers, there are offshore legal jobs available in Corporate & Commercial, Funds, Dispute Resolution, Private Client & Trusts, and Property

We also have openings in COMPLIANCE and for TRUST OFFICERS.

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Take your pick of the best jobs in Bermuda, the British Virgin Islands, the Cayman Islands and the Channel Islands (Jersey and Guernsey).

Bermuda and the Caribbean attract the most candidate interest, perhaps given their more favourable tax rates and climate.

We also now recruit for select locations in the APAC region: click here to visit our sister site.

Wherever you choose to go, hundreds of expats relocate to these locations after qualifying every year so you’ll be in good company.

Read: Which of the Islands is Best for Me?

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You can almost double your disposable income.

There’s no income tax in the Cayman Islands or Bermuda, the latter having only a 6% payroll deduction.

The British Virgin Islands is a low tax environment: at the time of writing there is a personal allowance of $10,000 and an income tax rate of just 8%. Tax in the Channel Islands of Jersey and Guernsey is 20%.

The less tax you pay, the more you get to save and spend.

If you’re from the UK, read our blog for a worked example. See also our Quick Budget post from our Resources section. For more guidance on starting salaries and cost of living, ask for our All You Need to Know guide.

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ALL CANDIDATES:

• You need to be someone with good communication and social skills, who will thrive living somewhere new and not be afraid of change
• Life on the Islands is refreshingly different to being in a big city. You need to be happy being in this sort of ‘small town’ environment
• Whilst there’s access to public transport and taxis, most people get around on scooters (Bermuda) or cars (all Islands). Expect to need to get a local driving licence whichever Island you go to
• You must hold a valid passport. Additionally, candidates from certain countries (e.g. South Africa) may also need to obtain a travel visa to be permitted to pass through the US or UK in order to reach the Islands
• To get a work permit you need to be suitably qualified and experienced (see below) depending on your occupation. More on this in Q9

If you’re an ACCOUNTANT or AUDITOR:

• You’ll need to have passed all your professional exams and a minimum of 2-3 years’ practical experience

If you’re an ACTUARY:

• You need to be fully or part-qualified with continuing progress to qualification, and have relevant experience

If you’re in COMPLIANCE:

• Compliance professionals will need the ACAMS or similar qualification, and have relevant experience

If you’re a LAWYER:

• You’ll need to have been called to the bar in England & Wales or the Commonwealth, and have a minimum of 3 years’ PQE
• Precise experience requirements vary by location: get your copy of our Offshore Guide for Lawyers

If you’re a TRUST OFFICER:

• You should be STEP qualified, and have relevant experience

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Yes, we can.

We appreciate that it’s risky to ask your home office for a transfer overseas; if your request is turned down, you’ll have shot yourself in the foot in terms of developing your career where you are now.

The good news is that we facilitate internal moves all the time. As a trusted third party, we’ll ensure you’re safely considered for a transfer abroad by your current firm without jeopardising your current job.

Your office where you trained will not be involved in the process until you already know that your next move is assured.

In partnership with us, you’ll always be in control and in a position of security.

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Contracts are typically for two years, though most people will choose to stay longer once they’ve had a chance to sample the benefits of living and working offshore.

The cost of your flights, financial services training, relocation and all aspects of the work permit are met by your new employer.

Ask for our All You Need to Know guide for more about work permits.

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As a general rule, if you’re married your partner can move with you and reside on the Island. If he/she wants to work, they’ll have to find a job and a local employer to sponsor them for a work permit.

If you’re not married then your partner can accompany you to reside offshore if they also find a local employer who will sponsor them to get a work permit. Alternatively, if you’re not married but in a long-term relationship and deemed to be economically dependent, learn more about ‘genuine and subsisting relationships‘ for non-married couples wishing to move to Bermuda.

A partner’s employment rarely causes an insurmountable problem for couples who are determined to relocate and willing to be patient, persistent and flexible in their search though it’s sensible to make an assessment at the outset.

If you have children then your salary will need to be sufficient to ensure that your family can be self-sufficient. There are private schools on the Islands and these need to be budgeted for. Make your Recruitment Consultant fully aware of your personal circumstances from the outset so that you can be advised properly.

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Our recruitment process is extremely simple:

• We review your application. This step is to firmly establish whether we’re likely to be able to help you in your job search
• We schedule a telephone or face-to-face interview with you. In this call, we discuss your background, what you’re after and how we can help you
• We ensure your CV is fully up to date. We contact employers to identify the latest relevant opportunities
• We discuss the available openings and forward your application on agreed jobs to the employer, with a recommendation for interview
• We liaise to arrange a convenient time for your interview(s), ensuring you are properly prepared and know what to expect in the call or meeting
• When a job offer is made, we provide you with a ‘market rate’ assessment of its benefits
• Your new employer will send you an application form for the work permit
• You complete the form, sent it back, wait 6-8 weeks and start packing your bags!

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Seen enough? Applying for an opening takes just 60 seconds so dive into our Jobs page

• Want to learn more? Our Resources section has 100+ articles on corporate culture, career benefits, financial services, tax-free saving…
• You can also listen to our FAQs Podcast here
• Get jobs delivered to your inbox: sign up for Hot Jobs by Email and get our All You Need to Know guide
• Not ready to go yet? Sign up for Remind Me Later and we’ll email you quarterly reminders for up to a year
• Watch all our recruitment videos on YouTube 

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