Eternity Law International News Company registration in Bermuda

Company registration in Bermuda

December 22, 2020

Bermuda is known for having one of the highest GDP indicators. For the most part, this is due to the fact that Bermuda is offshore, which allows investors to minimize the costs associated with paying tax duties and obtain a high level of confidentiality of data on activities and income.

Foreign investors strive to become the owners of a Bermuda company also because the legislative framework of the islands in every possible way promotes any commercial activity.

The establishment of a business in Bermuda is governed by the Company Act of 1981. In addition, the Law on the Taxation of Exempt Firms and Regulations on Partnership will be relevant for foreign capital owners.


Mostly, in Bermuda, companies are created by those entrepreneurs who plan to work in the insurance sector or in the field of financial services (which involves obtaining a special permit). But, local legislation does not provide for any restrictions on the types of activities. Thus, foreign investors are allowed to choose any direction for themselves.

The most convenient and affordable form of business is E.L.L.C. – an exempt organization. Such a company is similar to an LLC. Its main advantage is complete exemption from paying any tax duties.

The creation of an organization in Bermuda is associated with the following benefits and advantages:

  • not a long registration period;
  • the shareholder should not be present in person – it is allowed to carry out the procedure remotely;
  • the process has a clear regulation;
  • there are no requirements regarding the payment of the Criminal Code in full. In fact, only one dollar is allowed;
  • founders are given the right to hire nominee directors or shareholders;
  • there is no need to publicly disclose information about the company;
  • it is not necessary to submit annual reports on a mandatory basis.

In addition, the legislature is not required to disclose information regarding the beneficiaries of the organization. This is done in order to ensure the maximum level of confidentiality. Such information can only be disclosed in accordance with a court decision.

If you need to register a company in Bermuda, our specialists will help you register a company quickly and efficiently. Also, you can buy a ready-made company in Bermuda. Write to us in the CRM form and we will help you register a company.

Eternity Law International specialists will provide you with qualified advice on the acquisition of an offshore company, opening a bank account in any jurisdiction, as well as further support of your company’s activities at any stage.

We offer ready-made European and offshore companies. It takes 2 days to reissue documents for new owners.

If you have any questions or need advice on registering or buying a company, call us at the phone numbers listed on the website, or write to us in the CRM form located at the bottom of the page. Our specialists will answer you online.

You could be interested

ISO 20000: Management of IT Services

In 2005, BSI released a new ISO 20000, which sets IT services quality demands. Standard adoption made it possible to assess the effectiveness of the services provided to users. ISO 20000 provides guidance for IT service management. According to it, firm that implements requests of this act must ensure a stable IT services level and...

Company registration in India

Today, India is more and more interesting for entrepreneurs. For foreign capital owners, this jurisdiction is interesting and profitable, since it is based on the Anglo-Saxon legal system. In addition, India is also convenient for the development of offshore structures, since there is no tax levy in this country levied on capital increases. However, you...

Cryptocurrency Taxation

Cryptocurrency taxation – is it necessary to pay taxes on profits that were received in Bitcoin? Cryptocurrency taxation is a pretty topical issue, as digital currencies are more and more in demand lately. Nowadays it is quite often possible to see shops and restaurants accepting Bitcoin for payment. For example, the UK is one of...

Registration of IT company

SELECTION OF JURISDICTION AND REGISTRATION OF IT COMPANY Registration of IT company initially begins with a choice of jurisdiction. It has long been known that the development of private enterprise is a complex process that requires perseverance, financial investment, professional knowledge and technical skills. One of the main obstacles that creates difficulties for the entrepreneur...

Company registration in Bulgaria

Registration of company in Bulgaria Businesspersons intending to launch commercials in Europe consider company registration in Bulgaria as a profitable variant regarding state location, a favorable legislative basis for organization foundation and low tax rates. Deciding register company in Bulgaria, executives may count on next-mentioned profitables and benefits: excellent reputation; full compliance with EU norms...

Double citizenship

Every year you can hear more and more how stable the economic and political situation in the EU countries is, that the standard of living there is much higher. This is the main reason why migrants are striving to Western countries (and not only for work, but also for permanent residence). European citizenship offers great...
Fill the blank:


Dreikonigstrasse, 31A, Stockerhof


Baseina street, 7


Grosvenor Gardens, 52


Lochrin Square, 1


Jacovides Tower, 5 floor


Kesklinna linnaosa, Tuukri 19


Esplanade, 7 floor


Gediminas Avenue, 44A

New York

New Rochelle, Huguenot St, 175


20 Martin Place


3 Fraser Street, #08 DUO Tower

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai


2609 Avenida da Boavista


Revaz Tabukashvili Str., N 45, area N 7