Bermuda - eCommerceBermuda - eCommerce
Bermuda is comparable to the U.S. in terms of electronic sophistication. The GOB welcomes and pursues emergent e-commerce technology.
The Regulatory Authority Act 2011 established an independent and accountable Regulatory Authority to protect the rights of consumers, encourage the deployment of innovative and affordable services, promote sustainable competition, foster investment, promote Bermudian ownership and employment, and enhance Bermuda’s position in the global market. It also allowed the bundling of services for the first time. The Electronic Transactions Act 1999 recognized not only the importance of e-Business but also the need to establish a proper legal framework within which to conduct it. For more information on these acts, visit Bermuda Laws online (www.bermudalaws.bm) or call the Department of Telecommunications at: (441) 292-4595.
Telecommunications: Bermuda has a well-developed telecommunications network and transportation facilities that link the island directly with North and South America, the Caribbean, and Europe. Three international cables link the U.S. to Bermuda with diverse bandwidth routes through fiber optic and satellite networks, quality hosting facilities with maximum security and full redundancy, and sophisticated telephone, fax, and satellite services. Bermuda has seven Internet Service Providers and several web design companies, computer hardware and software vendors, and certified internet payment solutions companies. Although communications in Bermuda are generally state of the art, average internet speed tends to be lower than in the United States, and severe winds and storms can bring local communications down for periods ranging from hours to weeks. Prices are generally higher compared to the U.S. and to other island nations. (See Chapter 4, Part V, “Transport and Communications” for more about prices. Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.
The Regulatory Authority Act 2011 established an independent and accountable Regulatory Authority to protect the rights of consumers, encourage the deployment of innovative and affordable services, promote sustainable competition, foster investment, promote Bermudian ownership and employment, and enhance Bermuda’s position in the global market. It also allowed the bundling of services for the first time. The Electronic Transactions Act 1999 recognized not only the importance of e-Business but also the need to establish a proper legal framework within which to conduct it. For more information on these acts, visit Bermuda Laws online (www.bermudalaws.bm) or call the Department of Telecommunications at: (441) 292-4595.
Telecommunications: Bermuda has a well-developed telecommunications network and transportation facilities that link the island directly with North and South America, the Caribbean, and Europe. Three international cables link the U.S. to Bermuda with diverse bandwidth routes through fiber optic and satellite networks, quality hosting facilities with maximum security and full redundancy, and sophisticated telephone, fax, and satellite services. Bermuda has seven Internet Service Providers and several web design companies, computer hardware and software vendors, and certified internet payment solutions companies. Although communications in Bermuda are generally state of the art, average internet speed tends to be lower than in the United States, and severe winds and storms can bring local communications down for periods ranging from hours to weeks. Prices are generally higher compared to the U.S. and to other island nations. (See Chapter 4, Part V, “Transport and Communications” for more about prices. Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.