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 is one of the smallest of any capital cities. Hamilton is located on the north side of Hamilton Harbour, and is Bermuda's main port.
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. Finance and international business constitute the largest sector of Bermuda's economy, and virtually all of this business takes place within the borders of Hamilton.
Numerous leading international insurance companies are based in Hamilton, as it is a global reinsurance centre. Around 400 internationally owned and operated businesses are physically based in Bermuda, and many are represented by the Association of Bermuda International Companies. In total, over 1,500 exempted or international companies are registered with the Registrar of Companies in Bermuda.
The city is the registered headquarters of the spirits manufacturer Bacardi, semiconductor manufacturer Marvell Technology, out-sourcing company Genpact, telecommunications company Global Crossing, and reinsurance company Tokio Millennium Re Ltd. 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.
In addition, the corporate headquarters of the Bermuda grocery store chain The MarketPlace is located within the chain's Hamilton MarketPlace location, the largest grocery store in Bermuda.
Hamilton is the #61 city in the world according to the Global Financial Centres Index (GFCI) which evaluates and ranks the competitiveness of the major financial centres of the world according to a wide range of criteria – Human Capital, Business, Finance, Infrastructure and Reputation.
Hamilton was ranked #1292 by the Nomad List which evaluates and ranks remote work hubs by cost, internet, fun and safety. Hamilton has a population of over 854 people. Hamilton also forms part of the wider Bermuda territory which has a population of over 71,176 people.