BM · N 32°18′ · W 64°47′
Bermuda
Bermuda exempted companies are used for offshore holding, financing, and insurance-related structures under a mature legal system. Foreign-owned incorporations require BMA approval, and in-scope activities must meet economic substance rules.
A hub for reinsurance and cross-border holding.
Exempted Company Limited by Shares
Talk to an advisorKey points on one page.
- Tax
- Generally no corporate income tax; 15% applies to members of MNE groups with revenue of at least EUR 750m
- Shareholders and directors
- Min. 1 shareholder, 1 director and 1 secretary; directors and shareholders may be non-resident
- Share capital
- No statutory minimum authorised capital, except insurers; no mandatory minimum paid-in capital
- Local requirements
- Bermuda registered office and one Bermuda-resident director, secretary or resident representative; BMA approval required
- Annual maintenance
- Annual government fee; keep accounts and financial statements; economic substance or CIT filings if applicable
- Incorporation timeline
- Approx. 1–2 weeks, subject to BMA approval and due diligence
- Public disclosure
- Director register and local member register are inspectable; central beneficial ownership register is not public
Facts last checked · 2026-10-23
This page summarises publicly available regulations for general reference only and does not constitute legal or tax advice. Rules in each jurisdiction may change at any time; please confirm the latest position with an Offshore Isle advisor.
02 · Advantages
Why Bermuda
- 01Generally no corporate income tax outside the large MNE scope
- 02Common-law system suited to international financing and cross-border holding
- 03Company law permits a sole shareholder and non-resident directors
03 · Requirements
Formation requirements
- BMA approval is required, with due diligence information on ultimate beneficial owners
- Maintain a registered office and one resident director, secretary, or resident representative
- Insurance, investment, and other regulated activities require applicable licences
04 · Compliance
Annual compliance
- Pay the annual government fee and continuously maintain the registered office and local presence
- Keep accounts and financial statements; bye-laws must provide for at least one annual independent audit
- File an economic substance declaration where applicable; large groups also meet CIT filing duties
After incorporation, Offshore Isle sets a compliance calendar. We remind you in advance of annual returns, renewals and filings, and handle them on your behalf.
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