|
1) |
Jurisdiction |
|
List of Countries |
|
|
Type of
company |
: |
Exempted |
|
|
Political stability |
: |
Good |
|
|
English
Common Law model |
: |
Yes |
|
|
Special
Financial Privacy Regulation |
: |
No |
|
|
Tax on
Offshore Profits |
: |
No |
|
|
Double
Taxation Treaties |
: |
No |
|
|
Chinese name
allowed on Certificate of Incorporation? |
: |
No |
|
2) |
Corporate Requirements |
|
|
|
Name
restriction |
: |
No |
|
Minimum
number of shareholders required |
: |
One
(1) |
|
Minimum
number of directors required |
: |
Two
(2) |
|
Bearer
shares permitted? |
: |
No |
|
Corporate directors permitted? |
: |
No |
|
Standard authorised capital |
: |
US$50,000 |
|
3) |
Statutory Requirements |
|
|
|
Local
directors required |
: |
Yes |
|
Local
meetings required |
: |
Yes |
|
4) |
Filing Requirements |
|
|
|
Disclosure of
beneficial owner |
: |
Yes |
|
Disclosure of
shareholders |
: |
Yes |
|
Disclosure of
corporate directors |
: |
N/A |
|
Annual
audited accounts |
: |
No |
|
Annual
returns |
: |
Yes |
|
Registered Office/Agent |
: |
Yes |
|
5) |
Costs |
|
|
|
Incorporation fee |
: |
US$6,000 |
|
Domiciliary services fee |
: |
US$3,000 |
|
Government tax |
: |
US$1,695 |
|
Filing
fees |
: |
Nil |
|
Basic
first year costs |
: |
US$10,695 |
|
Basic
second and subsequent year costs |
: |
US$4,695 |
|
6) |
Advantage |
|
|
|
|
 |
Exemption
from all local taxes for International Business Company (IBC)
|
|
|
Well
developed financial services industry
|
|
|
Common
law legal system based on UK English law
|
|
|
Well
developed professional infrastructure
|
|
|
Excellent
telecommunications system
|
|
|
No
audit requirement
|
|
|
No
tax filing and taxation
|
|
|
No
foreign exchange control
|
|
|
|
| 7) |
Other Information |
|
|
|
Location |
: |
North Atlantic/Caribbean |
|
Status |
: |
Territory |
|
Capital |
: |
Hamilton |
|
Main Cities |
: |
|
|
Population |
: |
58,000 |
|
Area |
: |
Sq. Km. |
|
Currency |
: |
Bermudian Dollars: 1 Bermudian Dollar = 100
Cents |
|
Languages |
: |
English |
|
Religions |
: |
|
|
|
|
|
|
|
|
|
