Do you have a desire to start and grow your business in Bermuda? If so, Enterworld will assist you with easy and effortless company registration in Bermuda. 99 out of 100 businesses registered with us are making it big.
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Enterworld eases the process of company incorporation in Bermuda for non-residents.
3 to 5 days
Company Registration
No
Travel Required
100%
Foreign Ownership
No
Local Director
SPecial offer
Company registration in Bermuda as a sole proprietorship is a company structure where there is only one owner. As a sole proprietor, you have complete freedom to make all the company decisions. This is the simplest form of company structure where the company owner is entirely responsible for the company’s debts and obligations. It is advised for sole proprietorship owners to keep their personal finances separate from the business accounts, as the liability in this type of company structure is unlimited. To register your company as a sole proprietorship in Bermuda, you will have to register with the Office of the Tax Commissioner and the Department of Social Insurance. As a sole proprietorship owner, you are also encouraged to register with the Bermuda Economic Development Corporation (BEDC) for additional support, access to business resources and advisory services tailored to small businesses. Bermuda company formation as a limited company is a company structure where the personal and business finances are separate. This company structure is formed under the Companies Act 1981, as amended. A limited company is mostly preferred for global trading and services as it offers various tax advantages and requires a simple registration procedure. Bermuda business setup as a limited company must be registered with the Registrar of Companies. A limited company will require more formalities, along with reporting and more management responsibilities for the company. There are two categories of limited companies in the country: one is the limited company incorporated by the locals of Bermuda to conduct business in Bermuda, known as a local company, and the other is companies incorporated by non-Bermudians to conduct business outside Bermuda, known as exempted companies. Bermuda limited companies are exempted from income tax, capital gains tax, or VAT. Company registration in Bermuda as a partnership is a company structure that requires one or more shareholders and is formed under the Partnership Act 1902, the Limited Partnership Act 1883 and/or the Exempted Partnerships Act 1992, or the Overseas Partnerships Act 1995. In Bermuda, a partnership can either be limited or general, and either be a local or an exempted company. If the partners in a company are all composed of Bermudian partners, it is known as a local company allowed to conduct business in the country and abroad. Whereas, a company with non-Bermudian partners is known as an exempted partnership, and both must be registered with the Registrar of Companies. The partnership agreement must be signed by the partners and must state the details of the business, and the business activities cannot be changed without the approval of the Minister of Finance. Company registration in Bermuda as an LLC is formed under the Limited Liability Company Act 2016. An LLC can either be a local company or an exempted company and must be registered with the Registrar of Companies. Company incorporation in Bermuda as an LLC formed by the locals is for conducting business activities within Bermuda, and a Limited Liability Company (LLC) by the non-Bermudians is an exempted company to conduct business activities outside Bermuda. This company structure does not require a minimum capital and is not required to pay tax, but it is mandated to keep records of the financial statements and have them audited annually. LLC is a company structure that offers limited liability to its partners from their personal assets. The major advantage of registering a company in Bermuda as a limited liability company is that this structure offers flexibility in management and operations when conducting business activities. Company registration in Bermuda as a trust is a company structure used for asset protection, offering confidentiality, favourable tax strategy, and legal safeguards for managing and preserving wealth, but the trust companies do not conduct any business operations. A trust in Bermuda is established under the Companies Act, and it can either be a local company for Bermudian ownership or an exempted company for non-Bermudian ownership. A company structure as a trust in Bermuda will require a license from the Bermuda Monetary Authority (BMA); therefore, starting a trust business without a proper license will lead to penalties and fines. Under the Bermuda law, there are various types of trusts you can choose from, such as purpose trusts, which are set up to benefit the beneficiary, discretionary trusts, which are a fixed interest trust settlement, reserved power trusts, insurance trusts, asset protection trusts and employee benefit and pension trusts. Bermuda is one of the beautiful island nations that is popular for tourism. It has a stable economy that offers a business-friendly environment and creates an excellent destination for starting a business, especially for international entrepreneurs. The key reasons why company formation in Bermuda is a top choice for entrepreneurs are: Bermuda is the most preferred nation for businesses as it is known as a tax-neutral jurisdiction with a corporate income tax only on exceeding revenue, no capital gains tax, or wealth taxes on businesses. This ensures the companies can keep their profits and reinvest them into the growth of the business. It is one of the important merits of Bermuda company formation. Company registration in Bermuda is an easy process, as the government provides clear guidelines, fast processing times, and online registration services. The process is especially simplified for exempted companies, making Bermuda offshore company formation efficient. Bermuda has double tax agreements with various countries to avoid double taxation. It benefits entrepreneurs who have business activities in other countries, prevents them from being taxed twice on the same income, and makes it easy to manage cross-border finances. It is one of the vital reasons why entrepreneurs prefer company formation in Bermuda. Company registration in Bermuda offers multiple benefits for entrepreneurs establishing their business in Bermuda, as well as for global investors seeking to leverage the island’s stable economy and tax-neutral location to support international business operations. The key benefits of company registration in Bermuda are: +1k Customers Companies established in Bermuda have a favourable corporate income tax (CIT); that is, only the companies that are part of a Multinational Enterprise group (MNE) or have an annual revenue of €750m or more are liable to pay a standard corporate income tax of 15% in Bermuda, making it an attractive destination for foreign entrepreneurs. Bermuda is known as the offshore financial center due to its long history of stable economy with low tax environment, strong legal framework and transparent regulatory system. Bermuda company incorporation offers international businesses a reputable and secure jurisdiction for asset protection, investment structuring, and global operations. Bermuda follows a legal system based on English common law, which is clear, transparent, reliable and internationally recognized. The country also has a well-developed legal framework for public mergers and acquisitions. This helps protect foreign investors' rights and ensures a smooth business operation with strong legal support. Company registration in Bermuda is a simplified and smooth process. The government of Bermuda has made it easy for offshore investors by creating a straightforward company registration process by eliminating unnecessary rules and regulations. The mandatory documentation is minimal, with excellent support from the authorities. Bermuda offers 100% foreign ownership for an exempted company to international entrepreneurs. An exempted company is specially customized for non-Bermudians for conducting business internationally. This is a major advantage for foreign businesses who wish to take complete control of their company operations. In Bermuda, there is no tax on capital gains for both residents and non-residents. Your business will receive the entire amount if you earn profits selling assets, shares or property. This feature is beneficial for businesses such as investment firms and holding companies that frequently deal with asset transfers. It is one of the significant benefits of Bermuda business registration. The companies established in Bermuda are not required to keep a record and file annually with the government. This step reduces the burden of paperwork and, therefore, lowers ongoing administrative costs; however, they have to maintain records for 5 years, which can also be stored outside of Bermuda. Bermuda is positioned strategically between North America and Europe, supporting international trade and attracting Foreign Direct Investment (FDI) and communications. The country also has a modern infrastructure that supports global operations across various industries. It is one of the key benefits of Bermuda business registration.
Giving Wings to Millions of Entrepreneurial Dreams
Business Entities in Bermuda
Sole Proprietorship
Limited Company
Partnerships
Limited Liability Companies (LLCs)
Trust
Bermuda Business Setup
Why Entrepreneurs Prefer Company Formation in Bermuda?
Tax Benefits
Simplified Company Registration
Double Tax Treaty
Bermuda Company Registration Benefits
Benefits of Company Registration in Bermuda
Favourable Corporate Income Tax
Offshore Financial Center
Well-Developed Legal Framework
Simplified Company Incorporation
100% Foreign Ownership
No Capital Gains Tax
No Annual Record-Keeping
Strategic Location
Documents Required
Documents Required for Company Registration in Bermuda
Yes, a foreigner can start a company in Bermuda. Bermuda allows 100% foreign ownership for all exempted companies in the country. It offers the international entrepreneurs to take complete control over their company operations, business activity and decision making. Bermuda is one of the most preferred international destinations for foreign entrepreneurs because of its tax benefits such as standard corporate income tax of 15% only on specific annual revenue of €750m or more, no tax on capital tax or VAT. The country also has a simplified registration and strong legal framework that makes Bermuda a good island nation for business. The new tax law in Bermuda is the Bermuda Corporate Income Tax Act 2023, which became law on 27th December 2023 which states that there will be a standard 15% corporate income tax if the company is registered with a Multinational Enterprise group (MNE) and on the annual revenue of €750m or more starting from January 2025 Company registration in Bermuda requires following a few key steps, which include: The mandatory requirements for Bermuda business registration are: Bermuda offers multiple company structures for company registration in Bermuda for both local residents and non-residents, known as exempted companies. The key structures available for Bermuda company formation are: The cost of company registration in Bermuda depends on the company structure, the business activity and the services you will offer. The cost can range from 3399 USD to over $10,000 USD for company incorporation in Bermuda. The registration process for all companies in Bermuda remains the same, but for an offshore company in Bermuda, you may require additional steps. The extra requirements apart from the common steps for registering an offshore company in Bermuda are: The 60/40 rule in Bermuda is a standard that is created to guarantee that the majority stake in companies will remain with the Bermudians and the local citizens to promote Bermudian ownership. 60% of the company’s directors and shareholders have to be Bermudian citizens, and 40% can be non-residents, thereby ensuring that the company is controlled by Bermudians. Bermuda offers a business-friendly environment for all entrepreneurs with added benefits such as tax incentives, strategic location and strong legal support, allowing businesses to thrive in the country. The thriving industries for company registration in Bermuda are hotel and hospitality, tech incubators, real estate, travel and tourism, construction, food business, financial services, telecommunications, and investment services. An exempted company in Bermuda is a company structure for non-Bermudians for conducting business activities outside the country. It is known as an exempted company because it is exempt from certain provisions of the Bermuda Companies Act, specifically the requirement that at least 60% of the company's directors and shareholders must be Bermudian. This exemption allows foreign individuals and businesses to establish and operate companies in Bermuda without the need for significant local ownership or control. The regulatory authority for company registration in Bermuda is The Registrar of Companies. It is a government department under the Bermuda Government's Ministry of Finance, the regulatory authority for company registration in Bermuda. The key documents required for company registration in Bermuda are mentioned below- Yes, Bermuda allows 100% foreign ownership without any restrictions for an exempted company formation. The most preferred company structure for Bermuda offshore company formation is an exempted company, as it offers complete foreign ownership and flexibility in conducting international business operations without being mandated to local ownership requirements.
Flourishing Sectors in Bermuda
Profitable Ideas for Bermuda Business Registration
Hotel and Hospitality
Tech Incubators
Real Estate
Travel and Tourism
Construction
Food Business
Telecommunications
Financial Services
Investment Services
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