Incorporating a Bermuda Company
for Non-Bermudians

Marshall Diel & Myers has extensive experience incorporating companies for non-Bermudians. Contact us at info-request@law.bm or call us at 1-441-295-7105 for more information.

The Bermuda Advantage

Companies incorporated in Bermuda controlled by non-Bermudians (“Exempted companies”) enjoy several advantages:

Tax Advantages

Exempted companies and their shareholders (except for shareholders ordinarily resident in Bermuda) pay no Bermuda income tax, profit tax, capital gains, VAT or withholding taxes.

Foreign Exchange Advantages

The Bermuda dollar is pegged at US$1. There are no restrictions on the repatriation of profits or capital for Exempted companies.

Legal Advantages

Bermuda has a highly developed corporate law. Bermuda courts regularly handle complex commercial issues. Final appeals may be heard in the United Kingdom.

Location Advantages

Bermuda is a 90-minute flight from New York and always reachable through its advanced telecommunications. Bermuda has a deep pool of international banks, major accounting and law firms, fund administrators, custodians and investment advisors.

Frequently Asked Questions

How long is the application process for a Bermuda Exempted company?

Bermuda authorities treat applications efficiently. While Marshall Diel & Myers has no control over the approval times, it has been our experience that most applications which the authorities find acceptable are processed within three to five business days.

Who regulates Exempted companies?

The Bermuda Monetary Authority (the “BMA”) must approve the issuance and transfer of Exempted company shares. The BMA ensures that Bermuda adheres to international standards in the areas of anti-money laundering, counter-terrorist financing and “know your client” protocols.

What information do Exempted companies need to disclose?

All beneficial owners of more than 5% of Exempted company shares must disclose their identity and certain personal information to the BMA. Proof of identity (such as a certified copy of their passport) will be requested of these owners, as well as the Exempted company’s officers, directors and authorized signatories.

Do Exempted companies need to disclose their accounts?

An Exempted company’s accounts are not public documents and do not have to filed with any government authority (except in the case of public companies).

Do Exempted companies need a Bermuda address or Bermudian directors?

Exempted companies need a registered office in Bermuda. Bermuda law also requires certain directors, officers and/or representatives to be Bermuda residents. Marshall Diel & Myers can provide its clients with the required address and directors or officers.

Can Exempted companies carry on business in Bermuda?

Exempted companies ordinarily cannot do business inside Bermuda unless they have a special license. If you are interested in conducting business in Bermuda, Marshall Diel & Myers can help you to understand the legal requirements for doing so.

What are the fees?

Marshall Diel & Myers provides incorporation services for new Exempted companies for a flat fee. After incorporation, Charter Corporate Services Ltd., an affiliate of Marshall Diel & Myers, provides a full range of ongoing corporate administrative services for a reasonable fee, including registered office and director services.

Contact us at info-request@law.bm or call us at 1-441-295-7105 for more information.

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