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Company Formation in Bermuda

Summary of business opportunities available in Bermuda:

International Business Corporation (IBC)

License fee (annual)  US$1750
Formation/Incorporation fee  US$4250
Annual Returns filing fee  N/A
Minimum requirements and/or size  N/A
Shareholders/Members  One (minimum)
Directors/Managers  One (minimum)
Bearer shares for overseas/local investors  Allowed
Submission of annual returns and accounts  Not required
Corporate Directors/Managers  Permitted
Company Secretary  Permitted but not required
Local Directors and meetings  Not required

Public Limited Company

License fee (annual)  US$250-500
Formation/Incorporation fee  US$250
Annual Returns filing fee  Required
Minimum requirements and/or size  Not Required
Shareholders/Members  One (minimum)
Directors/Managers  One (minimum)
Bearer shares for overseas/local investors  Not Required
Submission of annual returns and accounts  Required
Corporate Directors/Managers  Required
Company Secretary  Required
Local Directors and meetings  N/A

Limited Liability Companies (LLC)

License fee (annual)  US$250
Formation/Incorporation fee  US$250
Annual Returns filing fee  Not required
Minimum requirements and/or size  N/A
Shareholders/Members  One (minimum)
Directors/Managers  One (minimum)
Bearer shares for overseas/local investors  N/A
Submission of annual returns and accounts  Not required
Corporate Directors/Managers  N/A
Company Secretary Not required
Local Directors and meetings N/A

Limited Partnerships

License fee (annual)  US$500
Formation/Incorporation fee  US$500
Annual Returns filing fee  Not required
Minimum requirements and/or size  N/A
Shareholders/Members  One (minimum)
Directors/Managers  One (minimum)
Bearer shares for overseas/local investors  N/A
Submission of annual returns and accounts  Not required
Corporate Directors/Managers  N/A
Company Secretary Not required
Local Directors and meetings One local partner (minimum)