Bermuda Company Formation FAQs

Bermuda’s corporate legislation allows for nominee services.

Bermuda issues a New Business Work Permit for foreigners starting up a new enterprise in Bermuda. In the first six months of operation, you will be issued up to five of these work permits. There is also a special Fintech Work Permit scheme for new firms in the field. 

Exempt companies can have 100% foreign ownership.

Bermuda does not tax shareholder dividends, profits or income. They do not levy any estate or death duties nor any capital gains tax. Bermuda also allows companies to apply for a legal exemption in the event that Bermuda decides to impose any taxes. There is also no stamp duty on any actions the company performs or on instruments related to an exempted company. You may be subject to stamp duties on property in Bermuda.

You can open an offshore bank account in Bermuda and this classic offshore jurisdiction offers a stable environment with extensive experience in working with clients from all over the world.