The City of Hamilton is the territorial capital of the British Overseas Territory of Bermuda. Its population of 854 is one of the smallest of any capital cities. Hamilton is known as the headquarters of international shipping companies, such as DryShips Inc, Frontline Ltd., and Dockwise.
About Hamilton, Bermuda in brief
The City of Hamilton, in Pembroke Parish, is the territorial capital of the British Overseas Territory of Bermuda. It is the territory’s financial centre and a major port and tourist destination. Its population of 854 is one of the smallest of any capital cities. The city is named after Sir Henry Hamilton, governor of the territory from 1786 to 1793. Hamilton is known as the headquarters of international shipping companies, such as DryShips Inc, Frontline Ltd., and Dockwise. Its low corporate tax rate makes it attractive to US companies. Hamilton was named the city with the highest cost of living index in the world. In 2010, 13,340 worked here on a daily basis. The only incorporated city in Bermuda, Hamilton is smaller than the historic town of St. George’s. As the offshore domicile of many foreign companies, Bermuda has a highly developed international business economy; it is an exporter of financial services, primarily insurance, reinsurance, investment funds, and special-purpose vehicles.
In total, over 1,500 exempted or international companies are registered with the Registrar of Companies in Bermuda. The coat of arms of the city of Hamilton incorporate a shield featuring a golden sailing ship representing the Resolution, surrounded by blue background, in gold. This shield is supported by a mermaid and a sea horse, which is placed on a mount in front of which is a scroll containing the motto, ‘Sparsa Collega’ The city’s full motto is sparsa collegit, probably for its size. Probably for its parks, but the most likely reason for its large size is because of the white flowers in the city’s coat of Arms, rather than the gold rather than gold for the flag. The most common flower for the city is the white flower of the Collega, but most of the parks are in white.
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This page is based on the article Hamilton, Bermuda published in Wikipedia (as of Dec. 30, 2020) and was automatically summarized using artificial intelligence.
