Dmitri Mihhailov
Managing Partner
Leads Prifinance and personally oversees complex multi-jurisdiction structures. Your Bermuda setup gets partner-level review before anything is filed.
Register a company in Bermuda, the reinsurance capital.
Set up a Bermuda exempted company - the island that underwrites the world's catastrophes: a third of global reinsurance capital, the home of cat bonds and ILS, Solvency II equivalence in Europe and reciprocal status in America, with a dollar-pegged currency and courts London trusts. And it is the premium shelf, not the bargain bin: the 15% global minimum now reaches large groups, substance rules are real, work permits are guarded, and the cost of doing anything here is among the highest on earth.The island that underwrites the world's catastrophes: a third of global reinsurance capital, Solvency II equivalence, US reciprocity, Privy Council law and a dollar-pegged currency. In the same ledger: 15% now reaches €750M+ groups, substance is enforced, permits are guarded - and everything here costs premium-shelf money.
27 yrs
on the international marketon the market
60+
in-house specialistsspecialists
6,000+
companies servedcompanies served
Updated
Bermuda Islands · at a glance
Legal formExempted company
Time to set up1-2 weeks - BMA-vetted
Income taxNone · 15% for €750M+ groups
Payroll taxBanded, to ≈10%
CurrencyBMD = USD, 1:1
SubstanceRequired for relevant activities
4.7
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Bermuda in brief
The reinsurance capital, at its own price.
Bermuda is what happens when a jurisdiction picks one industry and becomes indispensable to it: roughly a third of the world's reinsurance capital sits on this island, the catastrophe-bond market was invented here, and when hurricanes strike anywhere, Hamilton pays. The credentials behind that are the moat - full Solvency II equivalence with the EU, reciprocal-jurisdiction status with US regulators, a regulator in the BMA that global supervisors treat as a peer, English common law with appeals to the Privy Council, and a dollar so pegged it circulates interchangeably with the greenback. Around the insurance core: ILS funds, shipping and aircraft registries of genuine standing, and holding structures for groups that want the name auditors respect.
The terms of entry. Bermuda's zero changed shape in 2025: multinational groups above the €750 million Pillar Two threshold now pay a 15% corporate income tax - a deliberate move that kept the island inside the new world order - while everyone below continues with no income tax at all, funding the state through payroll taxes, fees and customs duties instead. Economic-substance rules are enforced, not decorative. The BMA vets shareholders before incorporation - days, not hours. And everything on a twenty-square-mile island of sixty thousand people costs accordingly: rents, salaries, work permits and groceries make this among the most expensive places on earth to operate. Bermuda is not where you save money; it is where you are believed, and for reinsurance, ILS and serious holdings that belief is the product.
One island, one industry, world domination: reinsurance and ILS live here because the credentials compound - the BMA as a peer regulator, EU equivalence, US reciprocity, and cat-bond machinery invented on the spot. Around it: funds, registries and holdings that borrow the name's credibility.
The terms: the zero survives below the Pillar Two threshold and becomes 15% above it; the BMA vets owners at the door; substance rules have teeth; and the island's costs filter out everyone whose business doesn't need the belief Bermuda sells. For those who do, nothing cheaper substitutes.
Packages & pricing
Two ways to start.
01 - EXEMPTED CO · BERMUDA
Company
from$4,400USD · all-in
Registration of a Bermuda exempted company - BMA consent, incorporation, registers and the first year of the registered office included.
✓Structure triage first - Pillar Two exposure mapped✓BMA shareholder vetting prepared and filed✓Incorporation with memorandum & bye-laws✓Registered office in Hamilton - first year✓Economic-substance classification & roadmap✓Free pre-incorporation consultation
Optional add-ons: insurance / ILS licensing (BMA classes) - scoped per case · corporate secretary - from $2,000/year · directors' services - scoped · accounting - from $400/month · renewal - from $3,500/year incl. government fee.Add-ons: BMA licensing scoped · secretary from $2,000/yr · accounting from $400/month · renewal from $3,500/yr incl. gov fee.
Start with a consultation →02 - COMPANY + BANK · BERMUDA
Most popularCompany + Bank Account
from$6,900USD · all-in
Everything in the first package plus a Bermuda bank account - prepared, filed and defended through one of the highest onboarding bars in the offshore world.
✓Everything in the Company package✓Bank file: business plan, source of funds, references✓Account with Butterfield, Clarien or HSBC Bermuda✓USD-native banking - the peg makes it seamless✓Payroll-tax and social-insurance registrations✓Substance calendar - filings that keep the status
Optional add-ons: BMA licensing - scoped · secretary - from $2,000/year · accounting - from $400/month · renewal - from $3,500/year.
Start with a consultation →Prices start here, confirmed before any work begins. Government fees scale with capital and are itemised in your quote.Prices start here, confirmed first. Government fees scale with capital, itemised.
What you can do
What our clients open in Bermuda.
The island does few things. And does them at world-champion level.Few things, done at world-champion level.
Reinsurance & captiveslicensed
The global capital. BMA classes from captives to Class 4 giants.
ILS & cat bondslicensed
The market's birthplace and still its home. SPIs on rails.
Funds & asset managementlicensed
Institutional structures under a regulator peers respect.
Shipping & aircraftlicensed
Registries of standing with the Red Ensign behind them.
Holding structuresstandard
The name auditors and lenders believe. For groups that need it.
Family offices & trustsstandard
Old-money infrastructure under common law.
Reinsurance & captiveslicensed
The global capital.
ILS & cat bondslicensed
The birthplace.
Fundslicensed
Peer-regulated.
Shipping & aircraftlicensed
Registries of standing.
Holdingsstandard
The believed name.
Family officesstandard
Old-money rails.
Why Bermuda Islands
Why Bermuda.
✓
The insurance moat
Solvency II equivalence and US reciprocity. Credentials no rival matches.Equivalence + reciprocity.
✓
Zero below the threshold
No income tax unless Pillar Two reaches your group.The classic, intact.
✓
The BMA's name
A regulator treated as a peer by the world's supervisors.A peer, not a rubber stamp.
✓
Privy Council law
English common law with appeals to London's finest.London's finest, on appeal.
✓
The dollar peg
BMD and USD circulate as one. Treasury without friction.BMD = USD, seamless.
✓
Compliance as brand
OECD-white-listed and vetted at entry. The shelf that sells itself.Vetted at the door.
How it compares
Bermuda vs the alternatives.
The comparison, as of 2026:Cayman: the fund default. BVI: the cheap workhorse. Guernsey: pedigree substance. Luxembourg: EU passports at EU prices. Bermuda: believed by regulators. As of 2026.
| Jurisdiction | Income tax | Signature story | Signature edge |
|---|---|---|---|
| Bermuda | 0% · 15% big groups | The reinsurance capital | Believed by regulators |
| Cayman Islands | 0% | Where funds call home | The fund default |
| BVI | 0% | The holding workhorse | Cheap, fast, everywhere |
| Guernsey | 0% standard | The Channel professional | Substance with pedigree |
| Luxembourg | ≈24% | The onshore counterweight | EU passports, EU prices |
BermudaCapital
Income tax0% · 15% big
StoryThe reinsurance capital
CaymanFunds
Income tax0%
StoryFunds' home
BVIWorkhorse
Income tax0%
StoryCheap and fast
GuernseyPedigree
Income tax0% std
StoryThe professional
LuxembourgOnshore
Tax≈24%
StoryThe counterweight
Requirements
What a Bermuda exempted company requires.
01
Vetted shareholders - The BMA reviews ultimate owners before incorporation. Clean files pass in days.
02
Registered office - A Hamilton address - included in our packages.
03
Local secretary - A Bermuda-resident secretary is standard practice. Provided as part of the service.
04
Substance where relevant - Holding, financing, insurance and other relevant activities carry economic-substance duties. Classified up front.
05
Annual government fee - Scaled by assessable capital. Budgeted precisely in your quote.
06
No local trading - Exempted companies serve the world, not the domestic market. That line is bright.
How it works
How registration works.
Six steps. The BMA vetting sets the pace; everything after moves at premium-jurisdiction speed.Six steps. The BMA vetting sets the pace; the rest moves at premium speed.
01Same day
Free consultation
Purpose, Pillar Two exposure, licensing needs - mapped first.
023-7 days
KYC & BMA consent
Ownership vetted, consent obtained.
032-5 days
Incorporation
Memorandum, bye-laws, registers - filed.
043-7 days
Substance setup
Classification, secretary, office, calendar.
05Weeks-months, scoped
Licensing
BMA insurance or fund classes where the model needs them.
063-6 weeks
Bank account
File prepared and defended. Butterfield, Clarien, HSBC.
Quick facts
Legal formExempted company
Income taxNone below €750M groups
Pillar Two groups15% from 2025
Payroll taxBanded, to ≈10%
Government feeBy capital, annual
Standard timeline1-2 weeks + bank
Renewal & serviceFrom $3,500/year
The gate here is the price of presence: substance rules mean real activity for relevant sectors, and the island's costs make token presence expensive and real presence very expensive. The clients who thrive here need the credentials - and for them, nothing cheaper substitutes.
On the ground
On the ground in Bermuda.
Prifinance - Bermuda desk
Hamilton
Hamilton, Bermuda
01
Offshore specialists
Your setup runs with Hamilton counsel who file BMA and registry work weekly.
02
Insurance-grade files
BMA applications built to the regulator's actual standard.
03
Substance without waste
Exactly what the classification demands. No more, no less.
04
Also in Tallinn, London, Dubai & more
A network of offices supporting cross-border structures.
We also have offices in
Tallinn
Estonia
Roseni 13
Hong Kong
Hong Kong
5/F, Yau Lee Centre, 45 Hoi Yuen Road, Kwun Tong
Vilnius
Lithuania
Gedimino pr. 2
London
United Kingdom
7 Bell Yard
Prague
Czech Republic
Vlkova 532/8, Žižkov
Berlin
Germany
Rankestraße 26
Madeira
Portugal
Rua da Alegria 31, 1F
Budapest
Hungary
Korányi Sándor u. 4
Istanbul
Türkiye
Perpa Ticaret Merkezi, A Blok
Dubai
UAE
33 Level, Al Saqr Business Tower
Toronto
Canada
1110 Finch Avenue West, suite 406
Singapore
Singapore
3 Church Street, #29-68 Samsung Hub
Bangkok
Thailand
Unit P01, Penthouse, VASU1, 1 Sukhumvit 25 Alley
Foshan
China
A-Tower, Yuneng Digital Plaza, 46 Lishui Avenue South
Almaty
Kazakhstan
Republic Square 13
Bishkek
Kyrgyzstan
32 Razzakov Street
Taxation
Bermudian taxes, mapped.
The island rewrote its zero to survive the new world order: large multinational groups pay 15%; everyone else continues untaxed on income, funding the state through payroll, fees and duties. Which side of the threshold you sit on is the first question we answer.The zero, rewritten to survive: 15% for €750M+ groups, nothing on income below - payroll, fees and duties fund the island.
Income tax - none*
No corporate income tax below the Pillar Two threshold.Below the threshold.
CIT - 15%
For groups above €750M global revenue, from 2025.Big groups, from 2025.
Payroll tax
Banded to roughly 10%. The state's workhorse levy.To ≈10%, banded.
Fees & duties
Capital-scaled government fees; customs fund the island.The state's diet.
The levies that matter
Corporate income tax0% · 15% for €750M+ groups
Payroll tax (employer)To ≈10%
Annual government feeBy assessable capital
Customs duties≈25%+ on imports
Withholding taxesNone
Renewal & serviceFrom $3,500/year
Owners remain responsible for tax where they live. The peg keeps treasury frictionless; the island's costs, not its currency, are the line to manage.
Your team
The specialists who'll handle your case.
Eugeniu Bevziuc
International Business Consultant
Walks you from first call to working company - structure, documents, timelines - in plain language, in five languages.
Alex Danila
Corporate Services Specialist
Handles BMA vetting, registry filings and the bank file day to day, so your Bermuda company launches without delays.
Follow Prifinance
Active across our channels.
Watch: opening a company in Bermuda with Prifinance
The reinsurance capital, entered at its own standard - vetting, incorporation, substance and bank in one prepared project. Full support, start to finish.
Talk to a specialist →FAQ
The Bermuda brief: ten questions.
Does everyone now pay 15% in Bermuda?+
No - only multinational groups above the Pillar Two threshold of €750 million in global revenue, from 2025. Bermuda enacted the tax deliberately to keep those groups' arithmetic onshore-clean. Companies below the threshold continue with no income tax at all - the classic Bermuda position, intact.
Can I open a Bermuda company without visiting?+
Yes - BMA vetting, incorporation and substance setup all run by power of attorney through Hamilton counsel. Banks and insurance regulators appreciate meeting principals, so licensed businesses usually visit once. We sequence everything so the trip earns its airfare.
What is the BMA vetting?+
Bermuda checks who it lets in: ultimate beneficial owners are reviewed before incorporation, with clean, documented files passing in days. It is the front-loaded compliance that makes the shelf credible - and the reason a Bermuda certificate reassures counterparties that lighter registries cannot.
Why do insurers specifically choose Bermuda?+
Because the credentials compound: Solvency II equivalence lets Bermuda reinsurers serve EU cedents as equals; US reciprocal-jurisdiction status removes collateral drags; the BMA speaks the supervisory language natively; and the talent pool on the island prices and models catastrophe like nowhere else. For reinsurance, Bermuda is not a flag - it is the market.
What are the economic-substance rules?+
Relevant activities - insurance, financing, holding, shipping and others - must show real direction, people and premises proportionate to the business. Filings are annual and enforced. We classify the activity at setup and build exactly the substance the class demands.
How expensive is operating there really?+
Among the most expensive places on earth: island rents, imported everything at real duties, guarded work permits and world-class salaries. That is not a bug - the cost filters the island to businesses whose credentials pay for themselves. We model the full budget before you commit, and tell cost-driven mandates where they'll be happier.
Can my exempted company do local Bermuda business?+
No - the exempted class exists to serve the world from Bermuda, and local trade is reserved for companies with majority Bermudian ownership. The line is bright and policed; the international business it protects is precisely why the regime works.
What is the payroll tax?+
The state's workhorse: banded rates on remuneration reaching roughly 10% at the top, split between employer and employee, replacing income taxation for the sub-threshold world. It matters the moment you hire on-island - and features in every budget we build.
How hard is the banking?+
Premium-shelf hard: Butterfield, Clarien and HSBC onboard with real diligence over three to six weeks. The reward is USD-native banking under a peg so clean the currencies interchange. A defended file with clear substance passes; anything vague does not.
What does it cost and how long does it take?+
From $4,400 for the company, from $6,900 with a bank account. Vetting plus incorporation runs one to two weeks; the bank adds three to six. Insurance and fund licensing is scoped per class. Renewal from $3,500/year including the government fee at base capital.
Client notes
Google4.7★★★★★
Founders who wanted it done right.
Google4.7★★★★★
“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…”
Google
“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”
Google
“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.”
Google
“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…”
Google
“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…”
Google
“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!”
Google
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Start your Bermuda company today.
Tell us about the business, and a specialist replies within one business day: exempted company, BMA licence or a different flag, with a timeline and a fixed quote.A Bermuda specialist replies within one business day: exempted company, BMA licence or a different flag, with a fixed quote.
✓No obligation; the first consultation is free✓Pillar Two exposure mapped before you commit✓Transparent fixed fees, confirmed up front✓EN · RU speaking team