Company registration in Bermuda

Name of service Bronze Silver Gold
Check and reserve of the company name Obtaining approval from the registrar for the company name
Company registration, including state fees Preparation of a full package of documents, depending on the chosen form of ownership, cooperation with the relevant authorities prior to obtaining information on company registration
Tax Exemption Certificate Prepared when registering a non-resident company and means that this company is exempt from paying taxes
Legal address for 1 year Provision of legal address for your company in a given jurisdiction, eliminating the need to purchase or rent real estate
Secretary services for 1 year The person named on the certificate of incorporation and representing the company, through which communication with local government agencies is carried out
Support in opening an account Collection, preparation and submission of the necessary documents for opening a corporate account
Support in opening a personal account Collecting, preparing and submitting the necessary documents to open a personal account
Total cost
8900 USD 14900 USD On request
Annual renewal (paid from the second year)
3900 USD 9900 USD 9900 USD

Deal of the month

If you will register a company until May 31,
opening a bank account is for FREE

6 easy steps to get started
  • 1

    Select your
    preferred jurisdiction

  • 2

    Choose a bank
    that meets your
    company's needs

  • 3

    Pay for our services
    using a convenient
    payment method

  • 4

    Receive all necessary
    corporate documents

  • 5

    Receive details
    for your newly opened
    bank account

  • 6

    We'll deliver the original
    documents directly
    to you

The jurisdiction is known for one of the highest per capita income indicators. This is largely due to the fact that Bermuda is offshore, which allows investors to minimize tax costs and receive the desired confidentiality regarding their activities and revenues. A well-developed economy, excellent infrastructure, and loyal corporate legislation contribute to the fact that many foreign entrepreneurs are eager to register their company in this jurisdiction. If you want to appear among entrepreneurs who operate in this jurisdiction, your business presence may be established in one of the next forms.

Major Forms of Legal and Business Presence

If you are considering an option of company incorporation in Bermuda, your business presence may be arranged here in one of these forms:

  • Limited Liability Company – a flexible option for doing business in Bermuda that may be suitable for small and medium-sized businesses. This entity may be formed by one or more persons who are not responsible for the results of the company’s operation except for the amounts of contributions they have to make. The management is carried out by the members of the limited liability company directly.
  • Exempt Company – the most convenient and accessible organizational and legal form of a legal entity. Its main advantage is a complete exemption of the profit from tax payments while it preserves the features of the limited liability company in terms of the favorable restrictions of financial liability of shareholders. Precisely, they are liable only within the amounts unpaid to their shares. This company can be established by one or more persons, either natural or legal. The company is also obliged to keep the register of its members. The status of an exempt company should be reflected in its statutory documents. It also should convene an annual general meeting at least once per year. At least one director is required to manage the company's affairs. Any Bermuda-exempt company is obliged to keep the register of beneficiary owners and update the information contained there. This information is confidential by default and can be disclosed in limited amounts in certain cases only. There are certain restrictions applied to the operation of an exempt company in Bermuda, for instance, it cannot hold land plots in this jurisdiction or conduct business activities.
  • Permit Company – an option suitable for overseas companies that become eligible to conduct business activities after obtaining a permit from the Minister of Finance. Such a company will have a place of business in Bermuda with an option to conduct a business outside the jurisdiction. The appointment of a representative is also required in this case. The considered option of doing business also falls under certain restrictions, like the prohibition of acquiring land plots in Bermuda.
  • Mutual Funds Company – may be a company limited by shares that has a statutory capital and is established for the purpose of investing the funds of its members for their mutual benefit. The liability of such members, in this case, is limited to the amount unpaid to their shares.
  • General Partnership – a business option where business activities are carried out by two or more partners jointly while they bear the same joint liability for all the results of such business undertakings.
  • Limited Partnership – another type of partnership that can be arranged by (i) one or two persons who are general partners and responsible for the management and its outcomes jointly and severally, and (ii) one or more persons who are not liable for any debts of such a partnership.
  • Trust – an option suitable for asset management with an opportunity to ensure their sufficient protection. Trusts are not permitted to conduct trading activities.

Registration Requirements and Steps

Incorporation of a company in Bermuda may require passing these registration stages:

  1. Clarifying commercial priorities you are going to realize through the local entity. Such activities should not be mentioned in the list of restricted activities.
  2. Selection of the company's name and coordination of the verification of such with the state registrar of legal entities.
  3. Selection of the legal address of the company.
  4. Definition of the shareholders' pool and collecting information about such shareholders.
  5. Appointment of directors.
  6. Development of the Memorandum and Articles of Association.
  7. Determination of the authorized capital amount of the company (the minimum paid-up capital should be USD1).
  8. Filing an application for the registration of the legal entity together with the prepared package of documents to the registrar.
  9. Payment of stamp duties and state duties.
  10. Opening a corporate bank account.
  11. Obtaining licenses and special permits (necessary for certain types of regulated business activities).

On average, all bureaucratic formalities take about three weeks. Still, each registration case may vary. We suggest you reach our professionals for getting more precise consultations on the matter.

Legal and Regulatory Framework

Establishing companies in Bermuda is principally regulated by the Companies Act. Other legal acts important for doing business are the Limited Liability Company Act, the Partnership Act, the Limited Partnership Act, and the Bermuda Economic Substance Act.

The local legislation does not contain restrictions on types of activities, so foreign investors can choose any field. The most often legal entities, providing insurance or financial services (for this you need to receive a special license) are registered in this territory as it creates favorable conditions for these types of activities.

The Bermuda Registrar of Companies of the Bermuda Ministry of Economic Development and the Bermuda Monetary Authority are major state authorities responsible for the registration of doing business in Bermuda.

Advantages of the Jurisdiction

Key advantages of the procedure of company registration in Bermuda are as follow:

  • overall economical and political stability;
  • the entire process is clearly regulated and usually does not cause any problems for foreigners;
  • short time required to complete the process;
  • no personal presence of the shareholder is required, the documents can be issued remotely;
  • no requirements for a mandatory contribution of the authorized capital in full – it is possible to pay USD1 only;
  • nominee shareholders and/or directors may be appointed;
  • there is no need to place public information about the company in open sources and any information on the beneficiaries is secured;
  • there is no mandatory requirement to provide the annual financial statements of the enterprise;
  • there is no currency control;
  • double tax treaties with more than 40 countries.

Tax System of Bermuda

If you are considering an option of company incorporation in Bermuda, these basic highlights may be of help during the preliminary assessment:

  • Corporate income tax – not applicable (N/A)
  • Personal income tax – N/A
  • Value-added tax – N/A
  • Withholding tax (for non-residents) – N/A for dividends, interests, and royalties
  • Capital gains tax – (i) corporate – N/A (ii) individual – N/A

How Prifinance Specialists May Help You

If you have preliminarily considered an option of company incorporation in Bermuda as suitable for you, Prifinance specialists may help to implement such as quickly and comfortably as possible. Qualified lawyers will undertake all preparatory procedures and ensure compliance with bureaucratic formalities as well as arrange the subsequent support of the registered legal entity. This will include drafting all required documents, opening a bank account, communicating with foreign state authorities and business partners, etc. Reach us shortly for more precise discussions and suggestions on how we can help you.


Our clients

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10:31 20 Mar 24
Collaborated with the company for 3 years. I can’t say that everything was smooth from the point of view of organizing the work; there was confusion in the structure of the work, etc. But I’ll specifically highlight employee Lyubov Malinowski, she very diligently corrected all errors and was in touch at the right time, her help was significant in all processes and she approached all issues precisely. I would like to separately highlight the moment when she solved the problem at her own expense, which speaks of the person’s professionalism and increased responsibility.
11:40 01 Mar 24
As a software development crew at FewMoreTaps OÜ, we've had the pleasure of working with Prifinance on some key financial moves.First of all, navigating the world of corporate banking and finance can be a maze, but Prifinance made it feel like a walk in the park. They helped us set up a corporate bank account without the hassle of jumping on a plane or drowning in paperwork. Everything was done remotely, smoothly and securely.But that's not all. We had a slightly time-sensitive situation when it came to changing the beneficiary details on our account. Prifinance stepped up to the plate and handled everything quickly and professionally.It's not just about getting the job done. It's about how Prifinance does it. They're all about making complex financial matters simple and accessible for companies like ours. Plus, their team, especially Liubov Malinowski, has been nothing short of fantastic to work with - professional, timely and always on the ball.In short, FewMoreTaps OÜ wholeheartedly endorses Prifinance OÜ. Whether it's opening bank accounts remotely or navigating the financial legalities of running an international business, these guys have got your back. A big thank you to the entire Prifinance team for their first class support and expertise.Here's to more collaborations in the future!Best,Kiryl Nest
Mina KedisMina Kedis
18:10 23 Feb 24
I had their assistance in company registration and I would recommend them. They were answering all my clarification during the process and offering all their supportThank you Daniel and Irinia
Róbert KnapecRóbert Knapec
15:08 22 Feb 24
We found PRIFINANCE COMPANYvia the Internet and asked for help in organizing the opening of their company in Estonia. PRIFINANCE COMPANY specialists helped us a lot with this. Their professional, competent approach and knowledge of their business left us with only the best impressions.
Anna AnnaAnna Anna
13:33 07 Feb 24
I'm thrilled with my experience with PriFinance! They helped me obtain a crypto license in Estonia without any hassle. The team was super understanding and always available to answer my questions and assist. It was great to see how they put effort into preparing the documents to ensure everything went smoothly. I'm delighted with the outcome and highly recommend PriFinance to anyone looking to get a license stress-free!
Opening an account with Prifinance in a Swiss bank was such an easy and quick process that I was shocked. It all started with the first call, where I received detailed guidance on the required documents and the entire procedure.One of the key highlights was their attention to detail. As someone who usually gets tangled up in paperwork, I was pleasantly surprised when they sent me all the documents and instructions clearly and neatly. No misunderstandings!Honestly, I expected opening a Swiss bank account to be complex and time-consuming, but thanks to Prifinance, I felt like a professional financial expert. Thank you for making this process so easy and enjoyable!
Maria Jose SantomeMaria Jose Santome
20:39 13 Dec 23
I recently had the pleasure of working with Boris.. and I must say, it was a fantastic experience. Boris went above and beyond to assist me with my residency needs. His professionalism, knowledge, and dedication truly stood out. I highly recommend working with Boris and the team!
Valon StatovciValon Statovci
12:43 27 Nov 23
I used Prifinance to help me with a new corporate structure. The team were helpful and communicated well from the initial onboarding with Daniel to case handling by Karmen. They also responded to additional requests post incorporation very quickly, Thank you and would work with them again