Bermuda Company - Offshore Company Formation

Home > Offshore Company Formation > Bermuda Company

Bermuda Company - Offshore Company Formation JURISDICTIONS & FEES

• General
• Type of Company : Exempt
• Political Stability : Good
• Standard Authorised Capital : No
• Tax on Offshore Profits : Nil

• Corporate Requirements
• Local Registered Office and Registered Agent Required : Yes
• Minimum Number of Directors / Managers : 2
• Local Directors Required : Yes (Min. 2)
• Corporate Directors Permitted : No
• Minimum Number of Shareholders / Members : 1
• Local Shareholders Required : No
• Corporate Shareholders Permitted : No
• Company Secretary Required : Yes
• Bearer Shares Allowed : No

• Annual Requirements
• Filing of Annual Return : Yes
• Submit Audited Accounts : No
• Min. Annual Tax / Licence Fees : US$1780
• Shelf Companies Available : No

Bermuda Company - Offshore Company Formation GENERAL INFORMATION

• Bermuda INTRODUCTION
  Bermuda is a group of about 150 small coral islands in the North West Atlantic. Its area is 53.3 sq. km. The population of Bermuda is about 60,000 and is made up primarily of people of European and African origin. Bermuda enjoys one of the highest per capita incomes in the world, though its only natural resource is limestone. Bermuda successfully exploits its location by providing luxury tourist facilities and financial services.
• Bermuda is the favored location for companies wishing to list on the stock exchange and is of special interest to Hong Kong businessmen wishing to establish an OFFSHORE COMPANIES: the Hong Kong Stock Exchange has approved Bermuda Exempted Companies for listing purposes. The Islands have attracted substantial insurance business and, after London and New York, Bermuda has become the third largest insurance centre.
• There must always be sufficient Bermuda resident Directors to form a quorum in Bermuda. Directors who are not resident in Bermuda may be appointed. The directors must appoint a president and vice-president as officers, who need not necessarily be directors.

• Bermuda LANGUAGE
• The official and spoken language is English.

• Bermuda TYPE OF LAW
• English Common Law with local modifications.

• Bermuda Company TYPE OF COMPANY FOR INTERNATIONAL TRADE AND INVESTMENT
• Exempt Company

• Bermuda Company TIME TO INCORPORATE
• Three Days, but allow fifteen working days for receipt of documentation.

• Bermuda Company RESTRICTIONS ON NAME AND ACTIVITY
• The following words cannot be used either in English or any other language: Bank, Building Society, Savings, Loans, Trust, Insurance, Assurance, Reinsurance, Fund Management, Investment Fund, Fiduciary and Broker.
• A company name must end with the suffix Limited or Ltd. to denote limited liability.

• Bermuda Company CLASSES OF SHARES PERMITTED
• Registered shares, bearer shares, preference shares, redeemable shares and shares with or without voting rights.

• Bermuda Company DISCLOSURE OF BENEFICIAL OWNERSHIP TO AUTHORITIES
• Yes.

• Bermuda Company LICENCE FEES
• Companies with an authorised capital up to US$12,000 pay US$1780 per year.
• Additional incorporation and annual fees would be payable for companies having a higher share capital.

• Bermuda Company FINANCIAL STATEMENT REQUIREMENTS
• Whilst there is no requirement to file annual audited accounts with the authorities, a company is required to keep financial records, which reflect the financial position of a company.

Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal or other professional advice. We do not accept any responsibility, legal or otherwise, for any error or omission.

If you would like further information concerning Bermuda Company Incorporation, please contact our professionals and we will provide you with free advisory.

Offshore Company Listing

• In order to meet different demands from clients, we are providing the following offshore company formation service Acting as a holding company International trade Investment .

1. HONG KONG COMPANY 18. NIUE COMPANY 2. BVI COMPANY 19. MARSHALL ISLANDS COMPANY 3. UK PRIVATE LIMITED COMPANY 20. MAURITIUS(GBC1) COMPANY 4. DELAWARE COMPANY 21. MAURITIUS(GBC2) COMPANY 5. NEVADA COMPANY 22. NEVIS COMPANY 6. SINGAPORE COMPANY 23. BELIZE COMPANY 7. GERMANY COMPANY 24. ANGUILLA COMPANY 8. CAYMAN ISLANDS COMPANY 25. ISLE OF MAN COMPANY 9. USA C COMPANY 26. JERSEY COMPANY 10. USA LLC COMPANY 27. LIBERIA COMPANY 11. UK LLP COMPANY 28. TURKS AND CAICOS COMPANY 12. COOK ISLANDS COMPANY 29. VANUATU COMPANY 13. BAHAMAS COMPANY 30. CYPRUS COMPANY 14. PANAMA COMPANY 31. GIBRALTAR COMPANY 15. BERMUDA COMPANY 32. SPAIN COMPANY 16. SAMOA COMPANY 33. RUSSIA COMPANY 17. SEYCHELLES COMPANY 34. SWITZERLAND COMPANY