Carpet method of installation. Carpet tiles are also available, typically square. These are usually only used in commercial settings and are affixed using a special pressure-sensitive glue, which holds them into place while allowing easy removal (in an office environment, for example) or to allow rearrangement in order to spread wear. "Carpet binding" is a term used for any material being applied to the edge of a carpet to make a rug. Carpet binding is usually cotton or nylon, but also comes in many other materials such as leather. Non-synthetic binding is frequently used with bamboo, grass and wool rugs, but
Economy of Bermuda the annual fee. (See Taxation in Bermuda#Licence fees.) Foreign companies require a local secretary and agent, which charges a fee. Foreign companies that wish to establish a place of business in Bermuda require a permit, but a permit is not required for offshore activities. There are no taxes on profits, income, dividends, capital gains, estate, or death duties. There are more than 12,500 foreign companies registered in Bermuda, many US-owned, which are an important source of foreign exchange for the island. Offshore companies spent US$967m in Bermuda in 2000. Total income, including secondary effects, was US$1.3bn. Many large international companies