Bermuda company formation

Bermuda, known for its favourable climate, beautiful beaches and clear turquoise waters, also attracts businessmen and investors from all over the world with its attractive business environment. Bermuda offers a variety of opportunities to establish companies, including favourable tax laws and a sustainable economy. In this article, we take an in-depth look at the process of setting up a company in Bermuda, including the necessary steps, requirements and potential benefits.

Step 1: Selecting the type of company The first step in establishing a company in Bermuda is to select the appropriate type of company. Bermuda law provides for several forms of business organisation, including exempted companies, which are designed to do business outside Bermuda and enjoy tax benefits, and local companies, which are geared towards domestic operations.

Step 2: Apply Once the type of company has been selected, an application must be made to the Bermuda Registrar of Companies. The application must include the name of the company, details of the articles of association, details of directors and shareholders, and confirmation of compliance with local laws and regulations.

Step 3: Open a bank account To do business in Bermuda, a company is required to open a bank account with a local bank. This facilitates financial transactions, including payment of taxes and fees, and provides an added level of legitimacy and credibility to your business.

Step 4: Obtain the necessary licences and permits Depending on your company’s line of business, specific licences or permits may be required. For example, financial services, insurance or tourism require the appropriate licences from the Bermuda regulatory authorities.

Advantages of setting up a company in Bermuda

• Tax incentives: Bermuda does not charge personal income tax, corporate tax, income tax, value added tax (VAT) or sales tax, making the islands an attractive destination for international business.
• Political and economic stability: With a stable government and a high standard of living, Bermuda offers a robust business environment.
• Strategic Location: Located on the Atlantic Ocean, Bermuda is at the crossroads between North America and Europe, providing easy access to both markets.

Summary: Establishing a company in Bermuda can offer significant advantages for international investors and entrepreneurs. It is important to thoroughly research all legal and regulatory requirements and consult with local specialists to ensure that your business establishment in Bermuda is successful and efficient.

Table showing the main aspects of taxation in Bermuda

Types of companies exist in Bermuda islands

There are different types of companies in Bermuda, each suitable for certain business purposes and with their own unique characteristics. Here are the main types of companies that can be incorporated in Bermuda:

1. Exempted Companies: These companies can do business outside of Bermuda. They are exempt from most forms of taxation in Bermuda, including corporation tax, income tax and other local taxes. Exempt Companies are often used for international operations.
2. Local Companies: These companies may do business either inside or outside Bermuda, but the management and control of the company must be from Bermuda. Local companies are usually designed to provide goods and services on the island itself.
3. Limited Liability Companies (LLC): This type of company provides flexibility in management and profit distribution, as well as limited liability of the founders, similar to LLCs in other jurisdictions.
4. Limited Liability Partnerships (LLPs): These structures are suitable for professional partnerships such as law and accountancy firms, giving the partners limited liability and some flexibility in management.
5. Segregated Accounts Companies (SAC): SACs allow assets to be segregated and protected within a single company, which is ideal for insurance and investment funds.
6. Partnerships: Includes general partnerships, where all partners have unlimited liability, and limited partnerships, where one or more partners have limited liability.

The choice of the appropriate type of company depends on many factors, including business objectives, management structure, tax considerations and confidentiality requirements. Before incorporating a company in Bermuda, it is advisable to consult with legal and financial advisors to select the most appropriate form of business for your needs.

What is the amount of the authorised capital of a company in Bermuda?

The amount of the authorised capital of a company in Bermuda may vary depending on the type of company and the specifics of the business. For exempted companies, which are the most common choice for international business, Bermuda law does not set a minimum authorised capital amount. The decision on the amount of authorised capital is made by the founders at the stage of company registration and should reflect the needs of the business as well as plans for its development.

However, there are certain requirements for payment of state fees that depend on the size of the authorised capital. For example, the state fee for company registration and the annual fee may increase depending on the amount of the authorised capital. These fees are calculated on the basis of the declared capital and may serve as a guideline for determining the optimal amount of authorised capital when establishing a company.

It is important to note that when establishing a company in Bermuda, it is advisable to carefully consider the amount of share capital as it may affect the initial and annual costs of the company. For specific advice and to determine the optimum amount of share capital for your business, it is useful to consult with local corporate and tax professionals from  Regulated United Europe.

Should a company in Bermuda have a local director?

Yes, certain types of companies in Bermuda require at least one local director among the directors. This requirement applies mainly to exempted companies that are registered to do business primarily outside the Islands but wish to have a legal presence in Bermuda.

Having a local director provides the company with a better understanding of local laws and regulations and facilitates more effective liaison with local authorities and regulators. A local director can assist with compliance with all corporate and tax requirements, which is particularly important in maintaining the company’s reputation and legal status in Bermuda.

However, the specific requirements may vary depending on the type and nature of the company’s business. For example, for local companies doing business directly in Bermuda, there may be additional requirements for the composition of directors and incorporators.

For accurate information and to ensure compliance with all current Bermuda incorporation and business regulations, companies are advised to consult with the legal and international tax experts at  Regulated United Europe. This will help ensure full compliance with local legislation and avoid potential legal complications.

What are the government fees for establishing a company in Bermuda?

The amount of Bermuda company formation fees depends on the type of company, its capital and the specific nature of the business. As the structure and fees are subject to change, it is always advisable to consult official sources or consultants specialising in Bermuda corporate law for the most up-to-date information.

As a general rule, for exempt companies (i.e., companies doing business primarily outside Bermuda and exempt from certain taxes), the amount of the state registration fee may depend on the amount of the company’s authorised capital. This can range from a few hundred to several thousand Bermuda dollars. In addition, there is an annual government fee to maintain the registration of the company, which may also depend on the amount of authorised capital and the type of business.

For local companies doing business within Bermuda and other special types of entities (such as limited liability companies or segregated company accounts), the fees may also vary.

It is important to emphasise that information on government fees may be updated or changed by the Bermuda authorities, so it is important to obtain the most up-to-date information from the Bermuda Registration Chamber or through accredited legal and financial advisors in the jurisdiction before commencing the company formation process.

What is the annual cost of maintaining a company in Bermuda Islands?

The annual cost of maintaining a company in Bermuda depends on several factors, including the type of company, the size of the share capital, the need for local management services and other specific requirements. Here are some of the key components of the annual maintenance cost:

1. Annual government fees: Depending on the type of company and the size of its authorised capital, annual government fees may vary. Exempt companies, for example, usually pay higher fees than local companies, and the amount of the fee increases with the size of the company’s authorised capital.
2. Registrar and service agent fees: Companies are required to have a registered agent and a registered office in Bermuda. The cost of these services varies depending on the service provider and may include the rental of office space, as well as corporate records and compliance services.
3. Accounting and auditing services: Depending on the volume of operations and financial reporting requirements, companies may incur expenses for accounting and auditing services.
4. Licensing fees: Some activities, such as financial services, insurance or investment management, may require special licences, for which fees are charged for obtaining and renewing them.
5. Legal and advisory services: Legal and advisory fees may be incurred in connection with corporate compliance, tax planning and other regulatory requirements.

The annual cost of maintaining a company in Bermuda can start from a few thousand Bermuda dollars and increase depending on the factors mentioned above. It is important to contact professional advisors at  Regulated United Europe who specialise in Bermuda business and corporate law to obtain an accurate estimate of the cost.

What are the main advantages of setting up a company in Bermuda?

Establishing a company in Bermuda offers a number of advantages, making this jurisdiction attractive to international business. Here are some of the key advantages:

1. Tax incentives: One of the main advantages is the absence of many types of taxes such as corporation tax, income tax, capital gains tax, dividend and interest tax, which makes Bermuda an attractive place to set up companies seeking to minimise their tax burden.
2. Political and economic stability: Bermuda is known for its stable political system and highly developed economy. This creates a robust and predictable business environment.
3. High level of privacy: Bermuda law provides a high level of privacy for company owners and directors, which is valued by many investors and entrepreneurs.
4. Reputation: Despite its tax advantages, Bermuda has a good international reputation and is not considered a “tax haven” in the negative sense. This means that companies incorporated in Bermuda can avoid the negative stigmas and suspicions that are sometimes associated with companies incorporated in other low tax jurisdictions.
5. Strategic Location: Located between North America and Europe, Bermuda offers a strategic location for companies seeking to do business on both continents.
6. Quality legal and financial services: Bermuda offers top-notch legal, financial and corporate services provided by experienced professionals, making the process of setting up and running a company relatively simple and efficient.
7. Advanced Regulation: Bermuda’s regulatory environment is designed to ensure compliance with international standards in financial reporting, anti-money laundering and terrorist financing, while maintaining flexibility and accessibility for international business.

These advantages make Bermuda an attractive jurisdiction for company formation, especially for those seeking a secure and stable environment with a low tax burden.

What are the different ways to incorporate a company in Bermuda?

Establishing a company in Bermuda offers a number of advantages, making this jurisdiction attractive to international business. Here are some of the key advantages:

1. Tax incentives: One of the main advantages is the absence of many types of taxes such as corporation tax, income tax, capital gains tax, dividend and interest tax, which makes Bermuda an attractive place to set up companies seeking to minimise their tax burden.
2. Political and economic stability: Bermuda is known for its stable political system and highly developed economy. This creates a robust and predictable business environment.
3. High level of privacy: Bermuda law provides a high level of privacy for company owners and directors, which is valued by many investors and entrepreneurs.
4. Reputation: Despite its tax advantages, Bermuda has a good international reputation and is not considered a “tax haven” in the negative sense. This means that companies incorporated in Bermuda can avoid the negative stigmas and suspicions that are sometimes associated with companies incorporated in other low tax jurisdictions.
5. Strategic Location: Located between North America and Europe, Bermuda offers a strategic location for companies seeking to do business on both continents.
6. Quality legal and financial services: Bermuda offers top-notch legal, financial and corporate services provided by experienced professionals, making the process of setting up and running a company relatively simple and efficient.
7. Advanced Regulation: Bermuda’s regulatory environment is designed to ensure compliance with international standards in financial reporting, anti-money laundering and terrorist financing, while maintaining flexibility and accessibility for international business.

These advantages make Bermuda an attractive jurisdiction for setting up companies, especially for those seeking a secure and stable environment with a low tax burden.

Is it necessary to have a registered office in Bermuda?

Yes, to incorporate a company in Bermuda, you must have a registered office in Bermuda. This address is used as the official address of the company for legal and official purposes, including receipt of correspondence, notices from the government and as a registration address with government offices.

A registered office provides transparency and enables the company to comply with local corporate requirements. It is also part of the mechanism to ensure that regulators, tax authorities and other parties can communicate with the company.

Companies typically utilise the services of a registered agent who provides a registered office and may provide additional services such as assisting with compliance with corporate rules and regulations, preparing and filing necessary documentation, and acting as an intermediary between the company and local authorities.

It is important to note that having a registered office in Bermuda does not imply the need for a company to have a physical presence or office in the islands, but is a prerequisite for maintaining a company’s Bermuda registered status.

Can I open a branch office of a foreign company in Bermuda?

Yes, foreign companies can open a branch office in Bermuda. Opening a branch office of a foreign company in Bermuda allows the company to conduct business in the Islands and offers an alternative to creating a separate legal entity (such as an exempt company). The process involves registering the branch office of the foreign company with the Bermuda Registrar of Companies and complying with certain requirements and regulations.

To register a branch office of a foreign company in Bermuda, the following information and documents are usually required:

1. The name of the foreign company and proof of its legal registration in the country of origin.
2. The registered office of the branch in Bermuda.
3. Details of the management of the foreign company, including information on directors and senior management.
4. A declaration of consent to act as a representative of a Bermuda branch office, signed by an appointed local representative or registered agent.
5. Certificate of incorporation of a foreign company and articles of association certified in accordance with the requirements of Bermuda.

A branch of a foreign company in Bermuda will be subject to local law, including with respect to taxation and reporting. It is important to note that the foreign company is fully responsible for the activities of its branch in Bermuda.

Opening a branch office may be favoured by foreign companies seeking to expand into Bermuda without the need to establish a separate legal entity. However, it is advisable to consult with local legal and financial professionals to ensure compliance with all requirements and to optimise the business structure.

Can a foreigner open companies in Bermuda?

Yes, foreigners can open a company in Bermuda. Bermuda attracts international investors and entrepreneurs due to its stable economy, high level of privacy and attractive tax policies, including no taxes on profits, dividends and capital gains. Foreigners can incorporate various types of companies in Bermuda, including exempt companies (exempt from local taxes and designed to do business outside of Bermuda), which is a popular choice for international business.

To open a company in Bermuda, foreigners need to follow an established incorporation process that includes:

1. Choosing a company name and checking it for uniqueness.
2. Preparation and filing of articles of incorporation, such as articles of association (Memorandum of Association) and statutes (Articles of Association), with the Bermuda Registry Office.
3. Appointment of directors and company secretary. Some types of company may require a local director or representative.
4. Specifying the company’s registered office in Bermuda.
5. Payment of government fees and registration fees.

While the incorporation process may seem straightforward, it is important to consider compliance requirements, including anti-money laundering regulations and financial reporting requirements. Foreigners wishing to establish a company in Bermuda are advised to seek advice from local legal and financial professionals to ensure compliance with all local and international requirements.

Can I get a residence permit when setting up a company in Bermuda?

Obtaining residency in Bermuda when establishing a company is a process that is subject to a number of conditions and requirements. Bermuda has its own immigration rules and policies that differ from other countries and territories. It is important to note that simply establishing a company in Bermuda does not automatically guarantee residency.

However, there are certain ways that can increase the possibility of obtaining a residence permit for investors and businessmen:

1. Work Permit: Foreigners wishing to work for their company in Bermuda must obtain a work permit. Company owners can apply for a work permit, which is the first step towards eventual residency in the islands.
2. Investment programmes: Bermuda offers options for foreign investors, including the possibility of purchasing real estate, which may facilitate the process of obtaining a residence permit. Terms and requirements for such programmes are subject to change, so it is important to familiarise yourself with the most up-to-date information.
3. Policy to attract high calibre individuals and investors: Bermuda authorities may offer special conditions to attract foreign entrepreneurs and investors who can make a significant contribution to the islands’ economy.

It is important to note that immigration policies are subject to change and the process of obtaining residency can be complex and may require careful planning and consultation with immigration attorneys or immigration specialists in Bermuda. Obtaining accurate and up-to-date information from official sources or qualified counsellors is critical to successfully and legally residing in Bermuda.

What is in the articles of association of a company incorporated in Bermuda?

The Memorandum of Association in Bermuda is the key document that defines the structure and main provisions of the company. This document contains important information and must be filed with the Registrar of Companies during the company registration process. The main sections and information that are usually included in a company’s articles of association in Bermuda include:

1. Company Name: The full legal name of the company, which must be unique and distinct from the names of companies already registered in Bermuda.
2. Company purpose: A clear description of the subject matter and purpose of the company’s business, including the types of activities the company plans to engage in. This can include both general wording and specific types of business.
3. Registered Office: The address of a company’s registered office in Bermuda, which serves as the official address for government correspondence and legal notices.
4. Authorised capital: The amount of a company’s share capital divided into shares of a certain nominal value. The articles of association may also specify classes of shares and the corresponding rights granted to shareholders of each class.
5. Restrictions on the transfer of shares: If applicable, the articles of association may contain provisions restricting the transfer of shares in the company to control changes in ownership structure.
6. Shareholders’ liability: It is usually stated that the liability of shareholders is limited to their contribution to the share capital of the company.
7. Information about directors and founders: In some cases, the articles of association may include information about the company’s original directors or founders.

The articles of association are supplemented by statutes (Articles of Association), which contain the rules governing the management of the company, the powers of the directors, the conduct of shareholders’ meetings and other internal procedures. Together, these documents form the legal basis for the operation of a company in Bermuda and must comply with local corporate law.

How long does it take to set up a company in Bermuda?

The company formation process in Bermuda can vary in time depending on a number of factors, including the type of company, the completeness and accuracy of the documentation provided, and the current workload of the Bermuda Registrar of Companies. On average, the process can take anywhere from a few days to a few weeks.

Here are the main steps in establishing a company that affect the overall length of the process:

1. Preparation and filing of documents: Gathering the necessary documentation and filing it with the Registration Chamber is the first step. This includes the articles of association (Memorandum of Association), statutes (Articles of Association), details of directors and shareholders, and proof of payment of the relevant government fees.
2. Verification and Approval: Once the documents are submitted, the Registration Chamber will review them to ensure that they comply with local laws and regulations. This process can take anywhere from a few days to a few weeks. If discrepancies or deficiencies in the documentation are found, the process may be delayed due to the need to make corrections and resubmit the documents.
3. Issuance of Certificate of Incorporation: Upon successful completion of the inspection and satisfaction of all requirements, the Registry Office issues a certificate of incorporation officially recognising the company as registered in Bermuda.

To minimise delays and speed up the company incorporation process, it is advisable to carefully prepare all necessary documentation and, if necessary, to engage the services of local legal and financial advisors familiar with the company registration procedure in Bermuda.

What activities can a company engage in in Bermuda?

Companies incorporated in Bermuda may engage in a wide range of activities, provided they comply with local laws and have obtained all necessary licences and permits, if required. It is important to note that some activities may be subject to additional regulation and require special authorisations. Here are some of the areas in which companies may operate in Bermuda:

1. Financial Services: Bermuda is known as a global centre for reinsurance and insurance, particularly in the catastrophic risk and specialty insurance product segments. Companies may also engage in banking, asset management, investment advisory and other financial services.
2. Trust and Private Wealth Management: Private wealth management and trust services are also popular in Bermuda, where many international families and individuals use the jurisdiction for inheritance planning and asset protection.
3. Maritime and aviation services: The registration and management of ships and aircraft is another area in which companies in Bermuda can operate. The Islands offer an attractive environment for international shipping and aviation.
4. Tourism and hospitality: The tourism and hospitality sector is important to Bermuda’s economy, providing business opportunities in hotels, events, travel agencies and value-added services.
5. International trade and e-commerce: Bermuda can be used as a base for international trade and e-commerce due to its strategic location and favourable tax policies.
6. Technology and innovation: The technology and innovation sector, including fintech, insurtech and other start-ups, can also find fertile ground in Bermuda, thanks to supportive regulation and government initiatives.

While business opportunities abound, it is important to carefully review the relevant laws and regulations in Bermuda, including the need to obtain special licences for certain activities. It is advisable to consult with local legal and financial professionals from  Regulated United Europe to ensure that all aspects of your business are compliant with local law.

Does a company in Bermuda have to have employees?

There is no mandatory requirement for companies to have employees in Bermuda. Depending on the type and scale of a company’s operations and specific business needs, a company may be able to operate without employing local or foreign staff. For example, some companies may be incorporated in Bermuda for asset management, investment or holding structures and not require permanent staff in the Islands.

However, if the company’s business involves active operations in Bermuda that require the direct presence of employees (e.g., in the tourism, retail or service sectors), the company will need to hire staff. In such cases, the company should consider local laws and regulations relating to employment, including obtaining work permits for foreign workers, if hired.

Companies wishing to hire employees in Bermuda also need to comply with local labour laws and standards, including the processing of social security and pension contributions, as well as compliance with work environment and working conditions requirements.

It is important to note that for certain activities and depending on the structure of the company, a local director or representative may be required to comply with Bermuda’s corporate requirements.

To accurately understand the requirements and obligations associated with employing workers in Bermuda, it is advisable to consult with local legal and financial professionals specialising in employment law and corporate governance.

How do you choose a name for a company in Bermuda?

Choosing a company name in Bermuda requires adherence to certain rules and guidelines established by local law. Here are some key aspects to consider when choosing a company name:

1. Uniqueness: The company name must be unique and different from existing company names registered in Bermuda. This can be checked by contacting the Bermuda Registrar of Companies.
2. No misleading elements: The name should not be misleading as to the scale, activities or legal status of the company. For example, it should not imply affiliation with government agencies, if none exists.
3. Allowable words and phrases: Some words and phrases may require special authorisation or should be avoided. For example, words such as “bank”, “insurance” or “trust” may imply a specific type of activity and require special licensing.
4. Legal Ending Requirements: A company name may require the use of a specific legal ending indicating the type of company, such as “Limited”, “Corporation”, “Incorporated” or abbreviations of these words.
5. Language: Although English is the primary language for business documentation in Bermuda, the use of foreign words or phrases is possible provided they do not violate other established rules.

Once a name has been selected, it is recommended that a thorough availability check is carried out through the Registration Chamber to ensure that the selected name fulfils all requirements and is not occupied by another company. If approved, the company name is reserved for a specified period of time until the registration process is finalised.

To ensure that your chosen name complies with all Bermuda requirements and regulations, it may be useful to seek advice from local legal advisors specialising in corporate law.

Business Registry in Bermuda

The Bermuda
Business Registry is
administered by the Bermuda Registrar of Companies. This body is responsible for the registration of companies, partnerships and other business entities doing business in Bermuda. The Registrar of Companies is also responsible for maintaining up-to-date information on registered companies and making this information available to the public.

The main functions of the Bermuda Business Registry include:

• Registration of companies and organisations: Registration of new companies, including exempla companies, local companies, limited companies and other forms of business.
• Register maintenance: Maintaining an up-to-date database of registered companies, including information on directors, shareholders and articles of association.
• Provision of information to public authorities and the public: Providing access to registration information to public authorities as well as to the public in accordance with the legislation in force.
• Compliance monitoring: Ensuring that company operations comply with local corporate laws and regulations.

Access to the business register:

Interested parties may contact the Chamber of Registration to access information on companies incorporated in Bermuda. Some basic information may be available online through the Chamber’s official website, while more detailed enquiries may require formal application and payment of applicable fees.

It is important to note that while the Business Register provides a significant amount of information on the activities and structure of companies, access to some data may be restricted under privacy and confidentiality rules.

For specific information or to conduct a business registry search, it is recommended that you contact the Bermuda Registry Office directly or use the services of local legal advisors specialising in corporate law.

How do I register an investment fund in Bermuda?

Registering an investment fund in Bermuda involves several key steps and requires compliance with certain rules and regulations. Bermuda offers a variety of structures for investment funds, including open-end and closed-end funds, limited liability funds, segregated company accounts and trusts. Here are the key steps in the registration process:

1. Determining the structure of the fund

The first step is to select an appropriate structure for the investment fund based on the investment objectives, target audience and legal requirements. The structure of the fund affects the requirements for registration, management and regulation.

2. Preparation and filing of foundation documents

The appropriate foundation documents must be prepared and filed with the Bermuda Registrar of Companies to register the legal nature of the foundation. This includes the Memorandum of Association and Articles of Association, as well as other required documents.

3. Obtaining a licence

Investment funds in Bermuda must obtain a licence from the Bermuda Monetary Authority (BMA). The process involves the submission of an application and relevant documents demonstrating the fund’s compliance with BMA standards, including with respect to governance, auditing and reporting.

4. Appointment of investor relations and other service providers

A fund administrator, custodian (custodian of assets), auditor and, if necessary, an investment manager must be appointed. All service providers must comply with Bermuda regulatory requirements.

5. Compliance with regulatory requirements

Investment funds must comply with Bermuda’s regulatory requirements, including anti-money laundering (AML) and customer knowledge (KYC) requirements. This includes preparing and maintaining appropriate policies and procedures.

6. Registration of fund products

After obtaining a licence and completing all formalities, the fund can proceed to register its investment products and start attracting investors.

Registering an investment fund in Bermuda is a complex process that requires careful planning and compliance with local and international legal requirements. It is strongly recommended that you engage the services of professional legal and financial advisors specialising in fund regulation and investments in Bermuda to ensure the successful registration and management of your investment fund.

How do I register a hedge fund in Bermuda?

Registering a hedge fund in Bermuda
involves several steps and requires compliance with regulatory standards set by the Bermuda Monetary Authority (BMA) as well as compliance with local law. Here are the general steps to register a hedge fund in Bermuda:

1. Selecting the structure of the fund

Determine the appropriate structure for your hedge fund. In Bermuda, hedge funds may be organised as a company, partnership, trust or segregated company account. The choice of structure depends on investment objectives, strategy and investor preferences.

2. Preparation and submission of documents

Prepare and file the articles of incorporation for the selected entity with the Registrar of Companies in Bermuda. The documents include articles of association (Memorandum of Association) and articles of incorporation (Articles of Association) for companies or related documents for other entities.

3. Obtaining authorisation from the BMA

Apply to the BMA for authorisation to operate a hedge fund. Depending on the type of fund, you may need to register as an exempted fund, an institutional fund, an administered fund or a standard fund, each of which has different registration and regulatory requirements.

4. Designation of service providers

Select and appoint the required service providers, including the fund administrator, custodian, registrar and transfer agent, and auditor. All service providers must be approved by the BMA.

5. Compliance with anti-money laundering requirements

Develop and implement policies and procedures for anti-money laundering (AML) compliance and customer identification procedures (KYC), in accordance with Bermuda legislation.

6. Registration of investment products

Once you have received authorisation from the BMA and fulfilled all the pre-requisites, you can proceed to register hedge fund investment products and start raising investments.

Registering a hedge fund in Bermuda is a complex process that requires careful compliance with local and international legal and regulatory requirements. It is advisable to seek the assistance of professional legal and financial advisors from Regulated United Europe, specialising in the registration and management of investment funds in Bermuda, to ensure compliance with all requirements and to optimise the registration process.