The Association of Bermuda International Companies (ABIC) represents the internationally owned businesses which are physically located in Bermuda, but conduct their operations worldwide. There are more than 1,500 exempted or international companies currently registered in Bermuda, of which some 400 have a physical presence.

Through partnerships with Regulatory, Government and Professional Organizations, ABIC will promote and preserve a sound business environment for the International business and the Bermuda community, and ensures that Bermuda continues as the business domicile of choice.

ABIC is a membership organization and exists to serve its members and our success is measured through an improved Bermuda business environment.

ABIC also administers a major educational award programme offering significant financial support to promising local students pursuing higher education abroad, primarily in fields related to international business.

Our membership represents the vast majority of companies in this important sector of the Bermuda economy. With the dramatic growth of the international insurance and reinsurance and financial service sectors, international business and its support services have come to generate, on an annual basis, more than 60% of total revenue for the Island.

Our aim is to ensure that Bermuda remains the premier international center in which to do business.

Patrick-Tannock-ABIC

Patrick Tannock, Chairman

A message from our Chairman

ABIC was formed in 1971 as the International Companies Division of the Bermuda Chamber of Commerce. In 2001, given the dramatic growth of the international business sector in Bermuda, we incorporated ABIC as an independent organisation in order to better address the needs of our membership. We still maintain a close working relationship with the Chamber, and all ABIC members automatically receive membership to the Bermuda Chamber of Commerce.

Our vision is to be the voice of international business in Bermuda and presently ABIC represents more than 110 international companies physically located in Bermuda, who between them employ the vast majority of the personnel in this sector.

Through partnerships with Regulatory, Government and Professional Organizations, ABIC will promote and preserve a sound business environment for the International business and the Bermuda community, and ensures that Bermuda continues as the business domicile of choice.

ABIC administers the ABIC Education Awards, an annual scholarship scheme formerly known as the International Companies Education Awards Program (ICEA). Our objective is to raise funds to enable local students to pursue higher education abroad, primarily in international business-related fields. This award scheme has been in place for more than 41 years and helped over 620 Bermuda students achieve their educational objectives.

We also lead other initiatives to keep Bermudians informed about the contributions international companies make to the welfare of their country.

Our members believe in and work to ensure that Bermuda remains the premier center from which to conduct international business. We hope that if you are not yet a member you will join us, and that if you are, you actively make your opinions known to us, and in turn, to the other business and government leaders of Bermuda.