Bermuda
Bermuda Company Formation - Home Company Registration Step by Step Guide Exempt Business Registration Ready Made Company Bermuda Formation Fees Download Bermuda Brochures Order a Bermuda Company Ask us a Question on incorporating in Bermuda
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our officesStep by Step Guide to Incorporating in Bermuda
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| Company Type | Time to Incorporate | Cost |
|---|---|---|
| Exempt | 3-5 days | £5820 |
Incorporate a Bermuda Exempt Company
It usually takes 3-5 days to incorporate an Exempt Company in Bermuda.
Directors
A director can be of any nationality
Director confidentiality
The names of directors do not appear in public records
Minimum number of directors
Two director are required
Nominee directors
Nominee directors are allowed. Formacompany can provide a nominee director
Resident director
A resident representative or local resident director is required.
Shareholders
Only one shareholder is required
Corporate shareholders
Corporate shareholders are allowed
Nominee shareholders
Nominee shareholders are allowed. Formacompany can provide a nominee shareholder
Resident shareholders
It is not a requirement to appoint a local resident shareholder
Share capital
The standard share capital is US$12,000
Share capital currencies
Shares can be dominated in US$, GBP £, Euro €, or other major currencies
Paid-up share capital
One share
Financials
The company does not have to keep records in Bermuda. If the company chooses to keep records they can be kept anywhere in the World.
Accounts or financial statements filing
A Bermuda exempted company is not generally required to file accounts with the Registrar
Company taxes on profits
A Bermuda Exempt company is exempted from all taxes
Information required from you to incorporate:
- The proposed company name
- Name and address of directors
- Name and address of shareholders
| Timescale | Cost |
| 3-5 days | £ 5820 |
Bermuda Key points
- Only 3-5 days to incorporate
- Incorporation will cost £5820
- An Exempt company requires only 2 directors of any nationality
- Only 1 shareholder required of any nationality
- There is no requirement that the US$12,000 share capital be paid up
- There must be a minimum of two resident representatives in Bermuda
- There are no taxes on profits, income or dividends nor is there any capital gains tax
- We provide you with full expert assistance throughout every step of the company formation process