aselsa@aselsa.es +34 91 535 7948

The Bermuda Exempt Company

How to start a Bermudan limited company. Incorporation or formation of a company in Bermuda.

 

 

What kind of company is usually incorporated in Bermuda?

Exempt Company in Bermuda bermudas
Companies in Europe

You will need an "Exempt Company"

That company may need special permissions to set up.

How long does the process of applying for a Bermuda exempt company take?

Bermuda authorities treat applications efficiently. While we have no control over the consent process, in our experience, most applications that the authorities consider desirable are processed within three to five business days.

Who regulates exempt businesses?

The Bermuda Monetary Authority (the "BMA") must approve the issuance and transfer of company shares. The BMA ensures that Bermuda adheres to international standards for combating money laundering, terrorist financing and "know your client" protocols.

What information must an Exempt Company give out ?

All beneficial owners of more than 5% of the shares of the company must give their identity and some personal information to the BMA.

Proof of identity (such as a certified copy of your passport) will be requested of these owners and officers of the company exempted, as well as the directors and authorized signatories.