set up a company in bermuda incorporation

Incorporate in Bermuda

$9,200.00

Set up a Bermuda Exempted Company / Limited Liability Company (LLC)

Bermuda is a British Overseas territory and an international financial and banking hub that does not apply taxes on profits, income or dividends, capital gains nor personal income. Non-resident investors may buy or sell shares and units of investment funds without being subject to taxation.

An Exempted company incorporated in Bermuda is entitled to do business outside Bermuda and shall not trade within the jurisdiction, own properties in Bermuda, and may require a license to undertake banking, insurance, assurance, reinsurance, fund management, collective investment schemes, rendering investment advice or any other activity which may suggest an association with the banking and insurance industries.

Under the Exempt Undertakings Act of 1976, Exempted Companies can obtain protection from any newly enacted taxes on income or capital gains until 2035.

Many Fortune 500 companies have set up a Bermuda exempted company for purposes such as holding company, holding assets, trading, manufacturing, inter-group financing, shipping, aircraft leasing and holding of intellectual property rights, among others.

Learn more about incorporating a company in Bermuda:

In Bermuda, the two most common corporate structures are the Exempted Company, incorporated under the Bermuda Companies Act 1981 (Part X), and the Exempted Limited Liability Company (Exempted LLC), registered under the Bermuda Limited Liability Company Act 2016 (Part 3).

Bermuda Company (Exempted Company/Exempted LLC) Formation – USD 9,200.00 (All Included)

Note that our incorporation and annual corporate service fees are “all-included fees”, and cover all the required services to incorporate a Bermuda Company, and keep it in good standing, as well as government fees and duties, disbursements such as courier fees, and assignments such as the preparation of a certificate of incumbency, and the certification of documents, which are generally required for opening bank accounts.

Exempted Company 

  • All applicable Registration and Government Fees and Duties (Registrar of Companies, Bermuda Monetary Authority)
  • Preparing Memorandum of Association and Bylaws and filing the Memorandum with the Registrar
  • Acting as Subscriber and executing the Memorandum of Association
  • Providing the Certificate of Incorporation issued by the Registrar
  • Preparing Subscription Agreements
  • Preparing Director’s Acceptance Letters
  • Preparing and executing Subscriber Resolutions for the appointment of the first Directors
  • Preparing and executing the Share Transfer Instrument for the transfer of Shares from the Subscriber to the Shareholder
  • Preparing the First Board Resolution resolving the Issuance and Allotment of Shares, Appointment of Directors and Officers, Registered Office, etc
  • Preparing the Register of Directors, file the Register with the Registrar, and Providing Stamped Copy
  • Preparing the Register of Members and Register of Beneficial Owners
  • Filing the Beneficial Ownership Information with the Private Beneficial Ownership Register
  • Providing Registered Office Services, including Business Address, for the calendar year
  • Providing Corporate Secretary Services for the calendar year
  • Preparing and executing a Certificate of Incumbency
  • Providing Tax Exemption Undertaking from the Bermuda Government
  • Preparing the Certified set of Corporate Documents
  • Preparing the Share Certificates
  • Delivery of Corporate Documents, inclusive of Courier Fees

Exempted Limited Liability Company (LLC)

  • All applicable Registration and Government Fees and Duties (Registrar of Companies, Bermuda Monetary Authority)
  • Preparing and executing  the Certificate of Formation, and filing such Certificate with the Registrar
  • Providing the Certificate of Filing issued by the Registrar
  • Preparing a tailored Limited Liability Company Agreement for Members’ review and execution (unlimited reviews)
  • Preparing the Register of Officers, file the Register with the Registrar, and Providing Stamped Copy
  • Preparing the Register of Members and Register of Beneficial Owners
  • Filing the Beneficial Ownership Information with the Private Beneficial Ownership Register
  • Providing Registered Office Services, including Business Address, for the calendar year
  • Providing Corporate Secretary Services for the calendar year
  • Preparing and executing a Certificate of Incumbency
  • Providing Tax Exemption Undertaking from the Bermuda Government
  • Preparing the Certified set of Corporate Documents
  • Preparing the Ownership Certificates
  • Delivery of Corporate Documents, inclusive of Courier Fees

Time to Form

It generally takes us one day to prepare and file the Memorandum of Association/Certificate of Formation and prepare the related corporate documentation, and 1 to 3 business days for the Registrar to issue the Certificate of Incorporation/Filing.

Bank Account Opening Services (Optional)

We can open bank accounts for Bermuda companies in the following jurisdictions:

  • Bermuda Bank Account (2 Banks, Remotely) – USD 1,200.00 – Brokerage Accounts and Debit/Credit Cards Available
  • Cayman Islands Bank Account (5 Banks, Remotely) – USD 900.00 – Brokerage Accounts and Debit/Credit Cards Available
  • British Virgin Islands Bank Account (1 Bank, Remotely) – USD 900.00 – Brokerage Accounts Available
  • Mauritius Bank Account (3 Banks, Remotely) – USD 600.00 – Debit/Credit Cards Available
  • Labuan/Malaysia Bank Account (1 Bank Remotely, 1 Bank In-person) – USD 500.00 – Debit/Credit Cards Available
  • Singapore Bank Account (5 Banks, Remotely) – USD 900.00 – Debit/Credit Cards Available – Remote account opening available due to COVID-19
  • Hong Kong Bank Account (3 Banks, In-person) – USD 2,000.00 – Debit/Credit Cards Available
  • Armenia Bank Account (1 Bank, Remotely) – USD 1,200.00 – Debit/Credit Cards and Brokerage Accounts Available
  • Turkey Bank Account (1 Bank, Remotely) – USD 1,200.00 – Debit/Credit Cards and Brokerage Accounts Available
  • New York (US) Bank Account (2 Banks, Remotely) – USD 2,000.00 – Debit/Credit Cards and Brokerage Accounts Available
  • Cook Islands Bank Account (1 Bank, Remotely) – USD 600.00 – Brokerage Accounts available
  • Bahamas Bank Account (4 Banks, Remotely) – USD 500.00 – Brokerage Accounts Available
  • Curaçao Bank Account (2 Banks, Remotely) – USD 500.00 – Debit/Credit Cards Available
  • Belize Bank Account (1 Bank, Remotely) – USD 300.00 – Prepaid Cards Available
  • Puerto Rico Bank Account (2 Banks, Remotely) – USD 300.00 – Debit/Credit Cards Available and Brokerage Accounts available
  • Antigua Bank Account (2 Banks, Remotely) – USD 300.00 – Debit/Credit Cards Available
  • Nevis Bank Account (1 Bank, Remotely) – USD 300.00 – Debit/Credit Cards Available
  • Saint Lucia Bank Account (1 Bank, Remotely) – USD 300.00
  • Dominica Bank Account (2 Banks, Remotely) – USD 300.00 – Debit/Credit Cards Available
  • UK, Latvia and Lithuania Electronic Money Institution Account (8 EMI’s, Remotely) – USD 300.00 – Debit/Credit Cards Available

In addition to the above jurisdictions, we can also open bank accounts in Cyprus, Luxembourg, Latvia, Lithuania, Gibraltar, Liechtenstein, Switzerland, and the Netherlands for Bermuda holding companies and private wealth structures (no commercial activity) and Bermuda companies conducting commercial activities via a branch office in the EEA. Contact us for further information.

All our bank account options provide for accounts in major currencies (USD, EUR, GBP, CHF, etc) as well as internet banking facilities. Note that “Remotely/In-person” means whether the account can be opened remotely or a personal visit to the bank is required to finalize the application.

Our bank account opening service is not just a mere introduction to the bank. We assist you in filling out the business plan forms appropriately and help you understand and provide business details, commercial information, and purpose/use of the bank account that a given bank wants to know in order to approve your account application.

Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal ‘back and forth’ and a smooth account opening process.

Bermuda Company (Exempted Company/LLC) Annual Fees – USD 9,200.00 (payable every January)

  • Bermuda Monetary Authority Annual Fees (Government Fees)
  • Providing Registered Office Services for the calendar year
  • Providing Corporate Secretary Services for the calendar year
  • Maintaining the Minute Book, Registers and Statutory Records
  • Filing Ultimate Beneficial Ownership information with the Private Register of Beneficial Owners
  • Preparing and filing the Annual Return
  • Advising on the completion of and filing the Economic Substance Return

Other Services (Optional)

  • Formation and Maintenance of Exempted Partnerships, and Segregated Accounts Companies.
  • Establishment of Trusts and provision of Trustee Services
  • Continuation of Foreign Companies
  • BMA Registration of Investment Funds and Securities Businesses, and related services
  • Economic Substance Services (Local Directorship, Physical Office, Outsourcing of CIGA, etc.)
  • Local Director Services
  • Accounting Services

Please, contact us for further information.

Company Type

SKU: INC-KN-001-4 Category:
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