Jurisdictions >> Bermuda Company >> Bermuda Company Registration
Offshore Bermuda. Bermuda Offshore Company Formation
Worldwide Incorporation Services specializes in Bermuda company registration and opening bank accounts.
Bermuda – General Information
Location: North America, group of islands in the North Atlantic Ocean, east of South Carolina (US).
Area: total: 54 sq km, land: 54 sq km, water: 0 sq km. …
Bermuda Offshore Company – Overview
Principal Corporate Legislation
The Companies Act 1981 as amended.
Type of Law
Common.
Language of Legislation and Corporate Documents
English.
Type of Company for International Trade, Investment & Tax Planning
Bermuda Exempted Company.
Bermuda Exepmted Company – Key Facts
Share Capital
Standard authorised share capital is US$12,000. Minimum paid up share capital is US$1.
Classes of Share Available
Registered shares, preference shares, redeemable shares and shares with or without voting rights.
Bearer Shares
Not permitted.
Restrictions on Trading
A Bermuda offshore company cannot trade within Bermuda. Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Registered Agent Required
Each Bermuda Offshore Company must have a Licenced Registered Agent in Bermuda.
Registered Office Required
Each Bermuda Offshore Company must have a Registered Office in Bermuda, provided by a Licenced Registered Agent.
Directors
A Bermuda Company requires a minimum of one director. There must always be sufficient Bermuda resident directors to form a quorum in Bermuda. Non-Bermuda directors may be appointed. Corporate directors are not permitted.
Shareholders
A Bermuda Company requires a minimum of one shareholder.
Publicly Accessible Records
No.
Nominee Shareholders and Nominee Directors
Allowed.
Location of Meetings of Directors and Shareholders
Anywhere.
Personal Presence Required
No.
Taxation
Nil.
Double Taxation Treaty Access
None.
Requirements to File Accounts
Yes.
Requirement to File Annual Return
None.
Audit Requirements
Annual.
Currency
Bermudian Dollar (BMD).
Exchange Control
None.
Language of Name
English.
Restricted Words
Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust Company”, “Trustee Company” etc. will require justification.
Name of a Company
The words “Limited” or “Ltd” must be part of the name of every Bermuda company.
Time to Incorporate
Two to three weeks.
Cost of Bermuda Exempted Company Formation
REQUEST A QUOTATION- We’ve been helping business owners since 1998
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Bermuda Company Formation – Office Addresses
Services related Offshore Bermuda
Worldwide Incorporation Services provides the following services related Offshore Bermuda:
- Bermuda Company Formation
- Registered Office and Agent Services in Bermuda
- New Zealand Company Secretarial Services
- Nominee Shareholder / Nominee Director
- Opening of Bank Accounts
- Full Bermuda Company Administration Services
- Mailing Address in Bermuda
- Trademark Registration
- Yacht Registration
Interested in Bermuda Incorporation?
Worldwide Incorporation Services | Bermuda Company Registration | Bermuda Incorporation | Bermuda Company Registration
Tags: Bermuda Company | Bermuda Company Formation | Bermuda Company Registration | Bermuda IncorporationÂ
