Step-by-Step Guide to Company Registration in Bermuda for Foreign Investors 

• Company Registration in Bermuda for Foreign Investors is a stable, well-regulated, and tax-friendly country, Bermuda offers a strong option for company registration. Bermuda is a popular destination for international investors due to its advantageous tax structure and 100% foreign ownership through exempted corporations.  

• The process to register company in Bermuda is very simple and streamlined, involving less documentation and a simplified regulation regime supervised by the Bermuda Monetary Authority. More than 1,500 new companies are registered annually. Its business-friendly environment guarantees an easy setup, and the strategic location along with a solid infrastructure ensures hassle-free access to North American markets. 

• This article by Tetra Consultants elaborates on the step-by-step procedure for company registration in Bermuda to assist foreign investors with ease in this process. 

Procedure for company registration in Bermuda for foreign investors 

Step 1: Choose the optimum business structure 

• Choosing the right business structure is the first step toward reaching your long-term goals. Bermuda provides foreign investors with a wide range of business entities, including Exempted Companies, Limited Liability Companies (LLC), Partnerships, Public Limited Companies, Branch Offices, and Representative Offices. According to your business model and objectives, Tetra Consultants will assess your needs and suggest the most suitable business structure, corporate setup, and paid-up share capital for your business to be on the right track. 

Step 2: Fulfill pre-registration requirements 

• Prior to company registration in Bermuda, a number of requirements have to be met. Tetra Consultants will ensure that all your needs for complying with the legal obligations of your business structure are satisfied. 

Essential documents to have ready: 

• Name of Directors 

• Resolutions of the company 

• Proof of identification 

Furthermore, we can assist you with 

• Registration of a local office in Bermuda 

• Appointing a company secretary or registered agent for correspondence with the Government of Bermuda 

• The appointment of a local director can easily be done through nominee director and shareholder services by Tetra Consultants. 

• By ensuring all pre-registration conditions are fulfilled, we will streamline the incorporation process for you. 

Step 3: Reserve a preferred company name 

• Tetra Consultants will check through the Registrar of Companies (ROC) whether a company name of your choice is available. Once cleared, we will obtain the reservation for the name for you to ensure that the whole registration process is done without any hitches. 

Step 4: Prepare and submit registration documents 

• All necessary documents for the registration of your company will be prepared and submitted by Tetra Consultants. These documents include: 

• Memorandum and Articles of Association 

• Application forms 

• Personal details of directors and shareholders 

• Proof of address and other relevant documentation 

• The application will be submitted to the Bermuda Monetary Authority, including details such as the proposed company name, registered office address, intended business activities, and shareholder information. Shareholders will also sign personal declarations as part of the process. 

• Once your company is successfully registered, we forward incorporation documents to a location of your choice. In fact, the whole process can be done remotely so you do not have to visit Bermuda. 

Step 5: Corporate bank account opening 

• It might be difficult to proceed with a corporate bank account opening in Bermuda for a foreign investor. Tetra Consultants will ease this process with the help of our vast banking network. 

• We will help to open a corporate bank account with the good standing local and international banks: Bermuda Commercial Bank, Bank of Butterfield Ltd, Clarien Bank Ltd, HSBC Bank Bermuda Ltd. 

• Our team will identify the most suitable banking solution for your business needs and ensure a seamless account setup. 

Step 6: Ensure compliance with accounting and financial requirements 

• Tetra Consultants will continue to support your business post-incorporation by offering accounting and tax services to help you remain compliant with Bermuda’s regulations. 

• We provide various services which also includes timely preparation of financial statements, Filing and submission of corporate tax returns 

• Accurate bookkeeping records, preparation, and submission of reports when necessary to avoid defaulting against deadlines set by regulations. We also assist you continuously for any inquiries that your company has with respect to the financial and compliance responsibilities and ensure you strictly comply with the requirements in Bermuda. 

• By the process outlined here, Tetra Consultants is able to assist foreign investors to register their company in Bermuda through a streamlined, complaint-free registration process. 

Conclusion 

• The company registration in Bermuda for international investors is another great way to register a business as well as establish a company in a stable, tax-friendly, and well-regulated jurisdiction. Its streamlined process of registration with its strategic location and access to global markets has placed Bermuda as the first choice for most entrepreneurs worldwide. In furtherance, regulatory requirements, compliance obligations, and banking setup can be complex. 

• Tetra Consultants will guide you through this journey, making your experience as hassle-free as possible. Starting with the choice of the best possible business structure up to the meeting of the pre-registration requirements, registering of the company, opening a bank account, and compliance with any further regulations going forward, Tetra Consultants stands by you as a guiding end-to-end business setup company for Bermuda.  

• Contact us to know more about company registration in Bermuda for foreign investors and our team will revert back in 24 hours.