Incorporation of an exempt company in Bermuda

An exempt company incorporated in Bermuda has all the powers of a natural person. The time taken to incorporate an exempt company in Bermuda is two to three weeks.

Corporate Acts

The Companies Act 1981

Requirements for exempt companies in Bermuda

Common Law

Taxation on Foreign Profits - NIL

Bearer Shares – Not Required

Disclosure of Ownership - Required

Minimum Paid up Capital - USD 1

Standard Authorized Capital - $ 12k

Minimum Number of Directors - 2

Minimum Number of Shareholders - 1

Local Directors – Required (Majority)

Corporate Directors - Not Required

Company Secretary – Required (Local)

Company Seal - Optional

Public Register of Directors - Not Required