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Bermuda Monetary Authority
BMA House
43 Victoria Street, Hamilton
P.O. Box 2447
Hamilton HMJX, Bermuda
Tel: (441) 295 5278
Fax: (441) 292 7471
E-mail: companies@bma.bm
Internet: http://www.bma.bm

Bermuda Offshore Company

The Companies Act 1981 (As amended)

Structure

1. The minimum number of shareholders is one.
2. The minimum number of directors is two. There must always be sufficient Bermuda resident directors to form a quorum in Bermuda. Non-Bermuda directors may be appointed. Corporate directors are not permitted.
3. A Bermuda company must appoint a resident company secretary, who must be a natural person.
4. Nominee shareholders and nominee directors allowed.
5. The registered office must be maintained in Bermuda.

Shares and Capital Requirements
Standard authorised share capital is US$12,000. Minimum paid up share capital is US$1.
Bearer shares are not permitted.

IBC Taxation
Bermuda currently has no corporate or income tax. Exempt Bermuda companies receive a certification of tax exemption.


Offshore Company Providers

BCB Charter Corporate Services Limited
Provide incorporations for insurance companies, funds, pension schemes, partnerships, and other international business companies.

Bermuda Offshore Investment Services Limited
Provides Investment Management for Corporations, Individuals, Institutions and Trusts and Private Holding Companies. Also provides other financial services.


Fairway Management (Bermuda) Limited
Fairway provides management, administrative and representational services to a broad-based international clientele.

Mello Jones & Martin
Provides Incorporations, Corporate Administration, Trusts, Property and other services.

Paragon Management Ltd.
Assist clients in the formation of various types of Bermuda companies and also with the formation of companies in all other offshore jurisdictions.

Waterstreet Corporate Services Limited
Offer company incorporation, organisation and administration. Aslo offers complete and confidential corporate secretarial, nominee, management and accounting services.

Windcrest management Limited
International Companies, Local Company Accounting, Management Consulting, Systems Analysis, Corporate Services and Administration.

List of Bermuda Offshore Banks
List of
Bermuda Offshore trust service providers

Background Facts

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Bermuda is a British overseas territory in the North Atlantic Ocean. Located off the east coast of the United States.

Population: 69,080 (2012 est.)
Capital: Hamilton
Dialing code: 441
Currency: Bermuda dollar
Exchange control:
Bermuda has exchange controls which apply to residents and local companies. There are no capital or exchange controls applying to non-residents or to the various forms of offshore entity (exempt or permit companies or partnerships) which are free to import and export funds in all currencies.
Government: Parliamentary, self-governing territory
Official language: English Language
Legal System:
English Common law

Corporate Legislation Acts: (.PDF Downloads)
The Companies Act 1981 (As amended)