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
For additional information about this service, speak with a corporate specialist directly at +1 845 398 0900 or complete the contact form and a corporate specialist will contact you shortly.
- Document Retrievals (i.e Good Standing, Certified Copy)
IBCF can assist with obtaining certified copies and Certificates of Good Standing from the Bermudian Registrar of Companies.
- Apostilles/Legalizations
For additional information about this service, speak with a corporate specialist directly at +1 845 398 0900 or complete the contact form and a corporate specialist will contact you shortly.
- Due Diligence Searches (i.e Lien, Judgment, Bankruptcy)
Due diligence searches include company searches at the Registrar of Companies, bankruptcy and intellectual property searches and searches for registered charges.
- 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.