Price starts from €6,800

Bermuda is an archipelago of 181 islands in the north-west Atlantic Ocean, near North America. They are a British Overseas Territory. The capital is Hamilton and the official language is English.

This jurisdiction is the best option for:

International business;
Tourism;
Cryptocurrency;
Intellectual Property (IP) Holding;
Online business and e-commerce;
Shipping businesses;
Startups;
Information/communication technologies.

Benefits:

Can be remote opened;
Fast incorporation procedure
Tax incentives
No residency requirements for directors and shareholders;
Well-developed tourism, insurance and financial sectors;
Stable economic and political sphere;
The minimum list of licensed activities;
Bermuda dollar equals US dollar;
Absence of exchange control;
GDP levels are among the highest in the world;
Double taxation treaties and tax information exchange agreements.

0%

corporate tax, withholding tax, capital gains

$1

minimum paid up share capital

100%

non-resident ownership of ELLC is allowed

The most popular corporate registration form in Bermuda is the Exempt Limited Liability Company (ELLC)

Procedure for registration a company in Bermuda

Step 1. Initial Setup:

Initiating a preliminary project assessment - takes up to 1-2 weeks
Preparation and filing of the package of documents

Step 2. Company registration:

Verification and reservation of the company name;
Facilitating the notarial process for the company's official registration;
Incorporating the company's data into the Bermuda Companies Registry;
Obtaining the Certificate of incorporation from the Register, Memorandum and Articles of Association.

We also can help with:

Company secretarial services
Opening bank accounts
Preparing apostilled documents
Further legal support

Requirements for ELLC in Bermuda

Before deciding to set up a new company in Bermuda, read the information below to understand the characteristics of the Exempt Limited Liability Company (ELLC):

The type of company is an Exempt Limited Liability Company (ELLC).

Number of directors/shareholders – minimum 1 director and 1 shareholder.

Company secretary - yes.

Share capital – No paid up capital requirement. Standard share capital is $12,000.

Liability – limited to the amount of capital they have invested in the company through their shares.

Accounting – no.

Document requirements:

Copy of the passports of all participants (Account Manager can help to ensure the correct process for any country of citizenship);
Proof of residency from all participants’ place of residency (Should be not older than 3 months in the moment all documents are sent to the authorities);
Standardized KYC - Questionnaire (Account Manager shares the questionnaire to be filled out by all participants);
Short description of business activity (Needed to properly register business with the according authorities).

Taxation in Bermuda:

Corporate Income Tax: 0%

Withholding tax: 0%

Capital gains: 0%

If our proposal is intriguing, we kindly request to book a call with us or send your request via Telegram messenger. By doing so, we guarantee access to a comprehensive commercial personalized offer, featuring up-to-date prices and detailed information.

We look forward to the opportunity of collaborating and delivering exceptional solutions that meet and exceed expectations of any Client.

The content of this article is intended to provide a general guide to the subject matter, not to be considered as a legal consultation.

Contact Us

If our proposal is intriguing, we kindly request to complete the form provided below to learn more. By doing so, we guarantee access to a comprehensive commercial personalized offer, featuring up-to-date prices and detailed information.

We look forward to the opportunity of collaborating and delivering exceptional solutions that meet and exceed expectations of any Client.

The content of this article is intended to provide a general guide to the subject matter, not to be considered as a legal consultation.