Company Formation Bermuda
Cost of registration
Number of Directors
Corporate tax rates
Payment of Charter Capital
FEW WORDS ABOUT Bermudas COMPANY
TYPES OF COMPANIES
Register Company Now
Сhoose a product and click “Next Step”
HOW TO REGISTER A COMPANY IN Bermuda
Step 1. Check your company name in the Company Registry
Step 2. Enter your company details
Step 3. We prepares and files the necessary incorporation documents to the relevant authorities for approval
Step 4. Then we works with the client to open a corporate bank account in Bermuda
Step 5. We deliver the certificate of incorporation personally to the client or via courier service
Step 6. Checkout – that’s it
SHARES AND SHARE CAPITAL
Opportunity to purchase ready-made companies
Local registered office
Local registered agent
The minimum amount of the issued capital
The usual size of the authorized capital
Usual nominal value of shares
Possibility to issue shares without par value
DIRECTOR AND SECRETARY
SHAREHOLDER AND BENEFICIARY
Minimum number of directors
The requirement for residency directors
Director of legal entities are allowed
The data reveals to the local agent
Data field to the public registry
The requirement for the presence of the Secretary
Requirement to the residense of the Secretary
Requirements to qualification of the Secretary
Legal entity as the Secretary
Minimum number of shareholders
Data is entered in the public register
Shareholders residency requirement
Information about the beneficiary is disclosed
Information may be disclosed to the local agent
Shareholders-legal entities are acceptable
Basic corporate tax rate
Capital gains tax
The requirement for filing reports
Open access to reports
The requirement for filing Annual Return
Open access to the Annual Return
The requirement for reports
Treaty on avoidance of double taxation (States which signed)
Membership in the OECD
The Bermuda Exempt Company is the most preferred company type in this jurisdiction. The peculiarities of an Exempt Company include:
Exempt Company are allowed to engage in any activity provided by law. The provision of banking, trust, insurance and reinsurance services is however subject to licensing.
The company is prohibited from the following activities, they include:
– To conduct commercial activities with the residents of Bermuda involved;
– To take possession of real estates located on the administrative lands of the islands;
– To accept deposits and conduct activities contrary to the national interests of the jurisdiction.
Registration of offshore business in Bermuda takes place within 3 working days from the date of submission of the necessary documents to the registration authorities. There is the option of an accelerated registration procedure the company can undergo within a few hours (if necessary and in a case where the Treasury of Bermuda has all the information concerning the company’s managers and beneficial owners).
According to the island’s legislation, third parties can not buy a ready-made company in Bermuda.
The names of companies are registered only in English. The name should include words or abbreviation like ‘Limited’ or ‘Ltd’ respectively. The names of companies which can mislead concerning the company’s scope of activities or the names which directly or indirectly indicate the link to state or municipal authorities is not permitted.
The legal address should be in the territory of this jurisdiction and provided by the registered agent. Only representatives of the state authorities are allowed to come to this address. The use of the post-office box leased from the local post office as the legal address is prohibited.
Registration of offshore business in Bermuda is possible if there is minimum authorized capital of 12,000 BD $ (or equivalent in another freely convertible currency). Issue and allocation of capital between shareholders are mandatory, but its incomplete payment is not allowed.
Only registered shares and bearer bonds are allowed to be issued. Bearer shares are not issued.
Citizens and legal entities can be shareholders of the company (there should be at least one shareholder). No residence requirements.
Only citizens can become directors (there should be at least two directors). At least one of the directors of the company should be a Bermudian resident.
The meeting of shareholders should be held once per the calendar year. The place does not matter. The shareholders with more than 10% of voting shares can convene extraordinary meetings. Besides, the meetings of directors can be held in any jurisdiction of the world, and the minutes are kept by each of the directors.
Data on beneficial owners can be disclosed, only upon a legal ruling or decision from the judicial authority.
The law does not limit the selection of banks, the countries of their location, and the number of accounts for the company. Information about all banking transactions is strictly confidential.
Currency control of the company’s activities is not applied.
A Bermuda registered entity conducting any relevant activity (as outlined above) will satisfy the Bermuda economic substance requirements if:
It is managed and directed in Bermuda;
Its core income-generating activities are undertaken in Bermuda with respect to the relevant activity;
It maintains an adequate physical presence in Bermuda;
There are adequate full-time employees in Bermuda with suitable qualifications; and
There is an adequate operating expenditure incurred in Bermuda in relation to the relevant activity.
Enhanced substance requirements for intellectual property (IP) activities in Bermuda. A Bermuda entity engages in “IP activities” if it derives revenue from its IP assets.
“IP assets” includes (but is not limited to) patents, technical know-how, trademarks, brands and goodwill, therefore, it is applicable to a broad range of businesses and not restricted to solely IP companies. The Bermuda Substance Act and the Bermuda Substance Regulations places enhanced requirements on entities involved in intellectual property businesses.
Register Company Now
Сhoose a product and click “Next Step”
Do you have a questions?
Please write your details. Our consultants will contact you shortly!
Why Customers Choose Us
Our lawyers have already registered hundreds of companies in different parts of the world, and they know all the subtleties and underlying potential problems when registering companies in the necessary jurisdiction. You will save your time and money by applying for us.
We offer an individual solution
We implement a personal plan in line with your objectives. We'll offer all our services includes full legal support of the company registration procedure, obtaining a legal address, interaction with the official government authorities of the jurisdiction, state fees, legal address of the company, etc
We provide full legal support
We'll provide the client with the best company incorporation services. Professionals and expertise of Law: Worldwide registration and legal maintenance of companies, accounting services, and audit, tax planning and optimization, trademark and patent registration
We ensure a positive result
Strategically providing up to date personalized services to help your business succeed. We makes use of modern technological features to keep the records and details of every client safe