Register a Company in Bermuda with Block3 Finance
Registering a company in Bermuda is simple and efficient with the right guidance. At Block3 Finance, we ensure a seamless process for company formation, allowing you to focus on what matters most—growing your business.
Bermuda, a British Overseas Territory, offers a strategic location with close ties to both North America and Europe. Over the years, Bermuda has developed a robust legal and financial infrastructure that attracts global businesses. With Block3 Finance assisting you, your company will be operationally ready within the designated time frame.
Our Service Package Includes
Company registration with the Bermuda Monetary Authority
Provision of a local company secretary and registered address
Corporate bank account opening services
Financial license applications
Annual accounting and tax services
How Long Does It Take to Register a Company in Bermuda and Open a Corporate Bank Account?
With Block3 Finance, the company registration process is quick and hassle-free:
2 weeks: After receiving your documents, we will reserve your company name and submit the application for registration. You will receive your company documents, including the Certificate of Formation, Memorandum and Articles of Association, and Register of Directors and Shareholders.
4 weeks: We will assist you in opening a corporate bank account with either a local or international bank.
6 weeks: Your Bermuda company will be operational, and you can start issuing invoices.
Can a Foreigner Start a Business in Bermuda?
Yes, foreigners can start a business in Bermuda. However, for 100% foreign ownership, the company must be registered as an Exempted Company. These companies are not subject to the requirements that mandate at least 60% local ownership, which applies to Local Companies.
The process for registering an Exempted Company includes:
One shareholder ( no nationality restrictions)
One director (can also be a non-resident)
Local registered agent and office required
Exempted Companies enjoy numerous benefits, including:
No taxes on profits, income, or dividends.
No capital gains or estate duty taxes.
Minimal capital requirements.
Flexible company structure with no mandatory annual filings.
Types of Companies to Consider When Registering in Bermuda?
There are various types of companies you can set up in Bermuda, each with specific advantages:
Local Company: Designed for businesses that intend to conduct operations within Bermuda. This company requires at least 60% Bermudian ownership.
Exempted Company: The most common structure for foreign investors, allowing full foreign ownership and exemption from local ownership restrictions.
Companies Limited by Shares: Ideal for businesses looking to pool capital and manage investor rights flexibly.
Limited Liability Partnerships (LLPs): Popular in international ventures, where tax is applied at the partner level.
Limited Duration Companies: A company with a set lifespan of 50 years, typically used for asset protection.
How to Register a Company in Bermuda?
Choose the Right Business Structure: Based on your business goals and activities, Block3 Finance will recommend the best entity type for your needs.
Pre-Registration Requirements: We’ll ensure you meet the necessary conditions, such as providing KYC documents and appointing a company secretary or registered agent in Bermuda.
Reservation of Company Name: We will check the availability of your preferred company name and reserve it with the Bermuda Companies Registry.
Prepare and Submit Documents: We will assist in preparing and submitting all necessary documents, including the Memorandum and Articles of Association.
Company Registration: Upon successful registration, we will send you the Certificate of Incorporation and other necessary documents.
Corporate Bank Account Opening: We will help you open a corporate bank account with a reputable local or international bank.
Ongoing Compliance: After your company is set up, we’ll ensure your business remains compliant with Bermuda’s tax and accounting regulations.
Accounting and Tax Obligations in Bermuda
Bermuda offers a favorable tax regime:
No corporate income tax, capital gains tax, or dividend tax for exempted companies.
Stamp duty was removed for exempted companies in 1990.
Annual tax filings: Companies must maintain records and submit annual returns to remain compliant.
Documents Required to Register a Company in Bermuda
Certified passports and identification documents for directors and shareholders.
Memorandum and Articles of Association.
Business plan and company description.
Registered address in Bermuda.
Why Register a Company in Bermuda?
Before registering your company, it's essential to understand the benefits of doing business in Bermuda:
Political Stability: Bermuda offers a stable and business-friendly environment.
Legal Framework: Bermuda follows English common law, providing legal security and ease of doing business.
Tax Benefits: No income, capital gains, or dividend tax for Exempted Companies.
Access to International Markets: Bermuda’s strategic location connects you to North America, Europe, and the Caribbean.
Contact Block3 Finance
Block3 Finance is your trusted partner in registering a company in Bermuda. From entity selection to compliance, our team will handle all the details, ensuring that your Bermuda company is up and running smoothly.
Contact us today to learn more about how we can assist you in registering your company in Bermuda. Our team will get back to you within 24 hours to answer all your queries.
