Popular especially with insurance companies, Bermuda offers a stable yet tax-friendly business environment for foreigners to do business. Company formation is a relatively quick and efficient process and while there is an annual government fee, the benefits from tax exemptions should more than make up for that expense.
While many offshore jurisdictions are fading in popularity, the stable economy and business friendly tax regime ensure that Bermuda will remain a popular destination for doing business. Contact IBCF today and find out how we can help!
IBCF Services inBermuda
- Entity Formations and Foreign Registrations
The two main types of Bermuda companies are exempted companies, which are popular with foreigners, and local companies, in which at least 60% of the company must be owned by Bermudians. Local companies are the only companies able to conduct business within Bermuda, while exempted companies allow non-Bermudians to conduct business outside of Bermuda from a Bermuda base. Exempted companies are also exempted from most taxes: they and their shareholders are not subject to income tax, withholding tax, capital gains tax or capital transfer tax.
Bermuda companies must pay an annual government fee, which is generally forwarded to the government by the registered agent after formation—IBCF can act as your registered agent in Bermuda.
- Registered Agent/Registered Office
In Bermuda, companies are required to maintain a registered office address within the jurisdiction where official documents and notices can be served. This address serves as the company’s official contact point and must be accessible during regular business hours. Our company offers registered office services in Bermuda, providing a physical address and professional support to ensure compliance with local regulations. By partnering with us, clients benefit from our extensive knowledge of Bermuda’s corporate laws and regulations, as well as our commitment to prompt and efficient handling of official correspondence. With our reliable registered office services, clients can navigate the complexities of Bermuda’s legal landscape with ease, allowing them to focus on their core business operations.
- Document Retrievals (i.e Good Standing, Certified Copy)
Obtaining essential corporate documents like good standings and certified copies from the Bermuda Corporate Registry is crucial for legal compliance and business transactions. However, navigating the intricacies of the registry process can be challenging and time-consuming. Our company specializes in efficiently obtaining these documents, leveraging our expertise and familiarity with the Bermuda Corporate Registry’s procedures. By entrusting us with this task, clients benefit from our streamlined approach and attention to detail, saving valuable time and resources. Additionally, our personalized service ensures that clients receive accurate and up-to-date corporate documents promptly, enabling them to proceed with confidence in their business endeavors. With our reliable assistance, clients can navigate the complexities of corporate compliance in Bermuda seamlessly, allowing them to focus on their strategic objectives.
- Apostilles/Legalizations
In Bermuda, the apostille or legalization process is vital for ensuring the validity and recognition of official documents internationally. This process involves obtaining an apostille or legalization certificate from the Bermuda Registrar General’s Office, confirming the authenticity of signatures and seals on documents. Navigating this process efficiently and accurately is crucial for individuals and businesses engaging in cross-border transactions or legal proceedings. Our company specializes in facilitating the apostille and legalization process in Bermuda, offering comprehensive assistance to ensure seamless authentication of documents. With our expertise and personalized service, we streamline the complex requirements, saving clients valuable time and resources while ensuring compliance with international standards. Choose our company for reliable and efficient apostille and legalization services, providing peace of mind and assurance that your documents will be recognized and accepted worldwide.
- Due Diligence Searches (i.e Lien, Judgment, Bankruptcy)
Conducting due diligence searches, including court records, bankruptcy filings, and liens, is crucial for mitigating risks in business transactions and legal matters in Bermuda. These searches provide vital insights into an individual or company’s financial and legal history, identifying any potential red flags or liabilities. Our company specializes in performing comprehensive due diligence searches in Bermuda, leveraging advanced tools and expertise to uncover pertinent information efficiently and accurately. With our meticulous attention to detail and thorough approach, we provide clients with actionable intelligence to support their decision-making process. Choosing our company ensures access to reliable due diligence reports, empowering clients to navigate complex transactions with confidence and safeguard their interests effectively.
- Compliance
Doing business in a foreign jurisdiction is time consuming enough, let alone the corporate governance and reporting that goes with it.
Partnering with IBCF as your single point of contact can assure you that your critical corporate compliance requirements are handled in a timely, expeditious and cost conscious manner.
An overview of our corporate compliance offerings include:
• Manage yearly jurisdictional compliance requirements and information
• Preparation and filing of statutory filings with corporate registry
• Maintenance of corporate information on compliance specific platform
• Due date tracking capabilities
• Maintain company shareholders and minutes
• Prepare board and/or shareholder resolutions
• Prepare and file audit documents related to corporate changes
• Prepare and file director, officer and shareholder changes
• Prepare meeting documents
• Registered Agent/Registered Office
*Availability of Services are subject to changeFor additional information and pricing about our corporate compliance offerings, please contact us and a compliance specialist will contact you shortly.