Alan Dickson takes a closer look at Brazilian moves to establish holding companies in Bermuda and the reasons behind the trend
Brazil-based businesses seeking sources of international capital are establishing Bermuda, British Virgin Islands and Cayman Islands vehicles, with Bermuda emerging as the jurisdiction of choice for domiciling holding companies. Bermuda holding companies either have publicly-listed securities or serve as vehicles for private equity investment. Organisations such as the Bovespa (the Sao Paolo-based stock exchange) and the Securities and Exchange Commission of Brazil (CVM) deal with Bermuda companies regularly.
