Easy registration of Bermuda company
Companies registered in Bermuda can enjoy advantages such as a stable political environment, tax exemption policy, a complete business confidentiality system, financial services, relaxed foreign exchange control, no double taxation treaty, complete follow-up services for operations, and no need for verification of registered capital. These advantages make Bermuda a popular choice for many companies and investors.
Advantages of registering a company in Bermuda
Tax exemption policy
Bermuda companies do not need to pay any taxes, which is a great attraction for many companies. This helps companies reduce their tax burden and improve profitability.
Stable business environment
As a British overseas territory, Bermuda enjoys the protection and support of the United Kingdom, so the political environment is relatively stable, providing companies with a reliable operating environment and reducing political risks.
Perfect financial services
Bermuda's business system is very complete and can provide multi-directional financial services. No matter what investment, there are suitable banks to provide services, making the company's capital operation more convenient and efficient.
Registered capital does not require verification
Bermuda companies do not need to verify their registered capital, and opening international accounts is simple and convenient, which reduces the registration cost and time cost of companies.
No foreign exchange control
Bermuda companies are not restricted in calling for funds, which provides companies with greater flexibility and convenience in funds.
Perfect business confidentiality system
The government has a very complete confidentiality for registered companies and will not disclose any business information. This provides a safe business environment for enterprises and helps protect their business secrets and competitive advantages.
Information required for registering a Bermuda company
Business Description of Registering a Bermuda Company
1
：Legal and actual capital: The standard nominal capital is generally US$12,000, divided into 12,000 shares of US$1 per share; the actual or minimum capital is generally one share.
2
：Shareholder requirements: at least one shareholder. Shareholders can be natural persons or legal persons, and there are no nationality restrictions.
3
：Legal and actual capital: The standard nominal capital is generally US$12,000, divided into 12,000 shares of US$1 per share; the actual or minimum capital is generally one share.
4
：Shareholder requirements: At least one shareholder. Shareholders can be natural persons or legal persons, and there are no restrictions on nationality.
5
：Director requirements: There must be at least two directors, who must be natural persons, but there is no nationality restriction. The board of directors must appoint a chairman and a vice chairman, who may not be directors.
6
：Company Secretary: The company must appoint a Bermuda resident as company secretary, who must be a natural person.
7
：Registered Agent: The company must appoint an agent registered in the country.
8
：Registered Office: The company's registered office must be located in Bermuda, and the company's statutory records must be kept at the registered office and open to the public for inspection.
9
：Registered Office: The company's registered office must be located in Bermuda, and the company's statutory records must be kept at the registered office and open to the public for inspection.
Bermuda company related services
Tax filing service
Specific details may vary depending on the type, size and region of the company
Registration Certificate
If the income of a Bermuda company comes from other countries or regions, then the company needs to comply with the tax regulations of that country or region, and may need to file a tax return and pay taxes to the local tax authorities.
Tax compliance
The company should ensure the accuracy of all its tax declarations and payments to avoid possible tax disputes and fines. The company may need to hire a professional accountant or tax consultant to assist in handling tax affairs and ensure tax compliance.
Tax planning
In order to reduce the tax burden, the company may consider tax planning, such as taking advantage of Bermuda's tax incentives, optimizing the tax structure through reasonable business structures and transaction arrangements, etc.
Annual audit and report
Although Bermuda itself does not have mandatory annual audit and reporting requirements, companies may need to provide annual financial reports to investors, creditors or other stakeholders. These reports may need to include tax-related information, such as taxes payable, tax exemptions, etc.
Registration related fees
Company registration fee:
19800 RMB
Annual review:
9000 RMB
Processing cycle:40 working days.
Service Deliverables
Business registration certificate
Articles of Association
A set of seals
Company registration agent
Company registered address certificate
Why choose us?
IngStart provides corporate formation and compliance SAAS
Perfect service system
IngStart fully meets the needs of customers and provides efficient, professional and reliable services. Select the company that needs to submit an annual report in your IngStart account and click Submit Annual Report Service.
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IngStart receives the annual report service you submitted, updates your annual report in real time, and notifies you when the report is completed.
