A Black country is the richest in the world    Well that's just because Michael Douglas lives there:D No seriously though...    First of all....Bermuda isn't even a country you moron!!! :eek: It's a British territory,  Bermuda  (officially,  The Bermuda Islands  or  The Somers Isles ) is a  British overseas territory  in the  North Atlantic Ocean .     And the population is listed as 35% White, I'm willing to bet you most of those Whites are very wealthy and alot of them are Jews like Mike Douglas.     This may also explain Bermuda's wealth...     Bermuda is an  Offshore financial centre , which results from its low direct  taxation  on personal or corporate income. The local tax system is based upon import duties, payroll taxes and consumption taxes. The legal system is derived from that of the United Kingdom, with recourse to English courts of final appeal.   As the  offshore  domicile of many foreign companies, Bermuda has a highly-developed international business economy; it is a  financial exporter  of financial services (primarily  insurance ,  reinsurance ,  investment funds  and  special purpose vehicles  (SPV) ).   Large numbers of leading international insurance companies are based in Bermuda making the territory one of the world's largest reinsurance centres. [17]  Those internationally owned and operated businesses that are physically based in Bermuda - of which there are around four hundred - are represented by the Association of Bermuda International Companies (ABIC). In total, over 1,500 exempted or international companies are currently registered with the Registrar of Companies in Bermuda.   Thanks to its favourable tax regime and a highly reactive regulatory framework Bermuda is the domicile of choice for the implementation of insurance related innovative solutions also known as  Alternative Risk Transfer  (ART). ART includes  captive insurances ,  Finite Risk insurance  and insurance  securitisation  such as  Cat bonds .      The  Bermuda Stock Exchange  (BSX) first established in 1971 is now the world's largest fully electronic offshore securities market, with a current market capitalisation (excluding mutual funds) in excess of US$ 330 billion[ citation needed ]. There are four hundred securities listed on the stock exchange, of which almost three hundred are offshore funds and alternative investment structures, attracted by Bermuda's regulatory environment. The Exchange specialises in listing and trading of capital market instruments such as equities, debt issues, funds (including Hedge Fund structures) and depository receipt programmes.     