Bermuda Exempt CompanyBermuda Exempt Company

Exempt Companies in Bermuda are ideal vehicles for international trade as they benefit from zero taxation and no currency exchange controls. This allows a company to trade in any currency and, provided the company conducts its business solely outside of Bermuda, it will be exempt from all local taxes including, but not limited to, taxes on profits, income, dividends, capital gains and estate duty.

Bermuda company formation nameCompany Name

All company names must be approved by the Registrar which may reject names at its discretion; certain words, such as “Royal”, “Imperial” or “Chartered”, are restricted. We are able to conduct a company name check for you.

Bermuda company formation registered officeRegistered Office

All Exempt Companies in Bermuda must have a registered office where all official documents may be served and where company registers and accounts must be kept. We can provide this for you as part of our Standard Company Formation Package.

Bermuda Incorporation directorDirectors

Only one director is required for a Bermuda company formation, with no restrictions on a director’s nationality or residency.

Bermuda company formation shareholderShareholders

There are no restrictions on the nationality or residency of company shareholders, only a single shareholder is required and corporate entities are allowed. This information is disclosed to the Ministry of Finance but is not available for public inspection.

Costa Rica Ultimate Beneficial OwnersCompany Secretary

Bermuda Exempt companies must appoint a resident secretary in Bermuda. We can provide this service.

Bermuda company formation share capitalShare Capital

The minimum share capital is USD 1. Shares of no par value and bearer shares are not permitted.

Bermuda company incorporation timescaleTimescale

The entire Bermuda company formation process takes approximately three to five days.

Bermuda company formation feesBermuda Company Formation Fees

We offer an all inclusive Bermuda Company Incorporation Service

Bermuda Exempt Company Formation – 5 to 7 days

  • Reserving your Company Name
  • Liaising with the local registrar and relevant authorities
  • Structuring the company as per your requirements
  • Prepare your Company Registration Forms
  • Drafting the Articles of Association / Statutes
  • File the documents with the Bermuda Monetary Authority (US$1995)
  • Government filing fee on registration of the company
  • Appoint the Directors
  • Minutes appointing first Directors
  • Preparation of the first minutes of Board Meeting
  • Government Fee (US$90)
  • Government application fee for Tax Exemption (US$425)
  • Government consent permit to incorporate
  • Certificate of Incorporation
  • Issue of shares and production of Share Certificates
  • All documents and certificates supplied in a professional folder
  • Delivery of documents by FedEx / DHL courier
£4600
Additional Services
Company Administration & Registered Office (required)£1800
Bermuda Resident Company Secretary (required)£3000
Annual Renewal Fees
Company Administration

  • Provision of the Registered Office and Registered Agent in Bermuda
  • Compliance with local domicile requirements
  • Payment of Government Fees (US$90)
  • Maintaining statutory records
  • Statutory Due-Diligence
  • 12 months basic consultation
  • Ensuring that your company is kept in good standing through payment of the annual government fee and filing of annual documents
£1800
Annual Government License Fee (US$1994)£1425
Bermuda Resident Company Secretary (required)£3000
Maintenance of Director Register£175

Your company will be incorporated using your chosen name and we will ensure that the procedure is as simple as possible.

The whole incorporation process can be completed online and we will administer the preparation and filing of all registration forms on your behalf.

company formation filing requirementsFiling Requirements

Exempt companies are generally not obliged to file accounts or annual returns. Companies are required to file an annual Statutory Declaration of share capital along with payment of the annual government fee. Account auditing can be waived if the shareholders so choose.

Bermuda company incorporation proofProof of Identity

As part of our due diligence we require proof of identity in the form of a passport copy for all directors and shareholders of the company.

Bermuda Company formation travelTravel

It is not necessary to visit Bermuda in order to incorporate a Bermuda Exempt Company.

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