Castle Harbour, Bermuda St. David'd Island and Cooper's Island. Castle Harbour, Bermuda Castle Harbour is a large natural harbour in Bermuda. It is located between the northeastern end of the main island and St. David's Island. Originally called "Southampton Port", it was renamed as a result of its heavy fortification in the early decades of the Seventeenth century. A gem of Bermuda's coastline, it is surrounded by St. George's Parish in the north, east, south (Tucker's Town), and Hamilton Parish in the west. A chain of islands and rocks stretches across the main opening to the Atlantic Ocean, in the east, notably Cooper's
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