Bermuda Company Registration

Bermuda ranks among the most prestigious offshore jurisdictions, known for its stable political environment, strong British Overseas Territory governance, and complete absence of corporate income tax. Investors worldwide choose Bermuda for company registration due to its global reputation in finance, insurance, and reinsurance. Most businesses opt for an Exempted Company structure, which allows full foreign ownership, international operations, and streamlined compliance.

Types of Companies

• Exempted Company: Ideal for international businesses; requires at least one director and enjoys 100% foreign ownership.
• Local Company: Generally set up for residents to operate within Bermuda, subject to additional regulations and ownership conditions.

Key Tax Considerations

• Corporate Tax: 0% corporate income tax; a major draw for global investors.
• Other Taxes: Bermuda does not levy VAT or sales taxes, but there are government fees and duties.
• Annual Fees: Companies pay an annual government fee based on share capital and other factors.

Registration Process and Requirements

1. Name Approval: Submit preferred company name to the Bermuda Monetary Authority (BMA) for clearance.
2. Memorandum of Association & Bye-Laws: Prepare and file essential corporate documents, detailing business objectives and governance rules.
3. Registered Office & Agent: Maintain a local registered office address and appoint a registered agent if required.
4. BMA Approval: Exempted Companies must obtain prior approval from the BMA, ensuring adherence to local regulations.
5. Issuance of Certificate of Incorporation: Once all documents and fees are submitted, the Registrar of Companies issues the formal certificate, confirming legal status.

Why Choose Bermuda?

1. No Corporate Income Tax: Keep global profits free of corporate levies within Bermuda’s jurisdiction.
2. Robust Regulatory Environment: Benefit from a well-established legal framework recognized for high compliance standards.
3. Global Banking and Insurance Hub: Bermuda is renowned for its advanced financial sector, supporting reinsurance, fund management, and other international operations.
4. Business Privacy: Confidentiality laws protect shareholder and director information, while still meeting global transparency standards.
5. Stable Governance: As a British Overseas Territory, Bermuda provides political stability and dependable legal oversight.

Ongoing Compliance

• Annual General Meeting: Typically required, but can be held outside Bermuda if permitted by the company’s Bye-Laws.
• Annual Government Fees: Vary based on the company’s share capital.
• Accounting and Reporting: Minimal public disclosure, but internal record-keeping must meet regulatory standards.

Why Work With Us?
Our seasoned specialists offer comprehensive support—from initial planning and structuring to meeting all Bermuda Monetary Authority requirements. We streamline documentation, assist with local compliance, and provide ongoing advisory so you can focus on growing your global venture. Capitalize on Bermuda’s zero corporate tax regime and international reputation to position your business for long-term success.