Bermuda company formation

A Bermuda company at 0%, with a record you can show anyone

No income, profit or capital gains tax on an ordinary company, a registry that can act within a day, and an open register that counterparties can read. Ours is US$4,490 a year once running, run from anywhere.

Formed through a licensed provider in Hamilton. No visit.

Start my Bermuda company Is Bermuda right for you?

Local representative included
Government fees shown line by line
Nothing charged until you sign

0%Income, profit and capital gains tax on an ordinary company

1 dayWhat the Registrar can take, once it has everything

1Director and 1 shareholder, plus a local person we supply

2035Until then, the tax assurance we apply for bars any new profit tax; the 15% group tax isn't covered

01A straight answer

Is a Bermuda company right for you?

Bermuda isn't the cheapest island, or the most private. Tell us your priority and we'll say whether it fits, or send you somewhere better.

02A step that's gone

Bermuda company registration, without the old regulator step

Many pages still describe separate consent from the Monetary Authority. That rule was revoked on 3 November 2025. The Registrar now checks owners itself.

Before November 2025

Name
Monetary Authority consent
Registrar
Certificate

Today

Name
Registrar checks owners
Certificate

Can take one day. Up to a week if you need the Minister's consent for a restricted activity.

03The fee that follows your capital

Bermuda company annual fee: set by your share capital

The yearly government fee climbs with authorised capital plus share premium. Most founders stay at the lowest band. Pick yours.

If you form in

What happens if the fee is paid after January, the declaration line by line and every other yearly duty: Bermuda annual fees and filings.

04Who can see what

Who can see the shareholders of a Bermuda company

Anyone. The register of members is open to the public, free of charge. Only the owner register behind it is limited, and since September 2026 it's less closed than it was.

RecordAnyoneJournalists, likely counterpartiesBanks, for checksAuthorities

DirectorsYesYesYesYes

ShareholdersYesYesYesYes

Real owner, 25% or moreNo4 fieldsYesYes

AccountsNoNoNoOn request

The four fields are name, month and year of birth, residence and nationality, and the nature of the interest. An owner can ask to be left out for serious risks such as kidnapping, blackmail or violence. Nominee directors have been banned since 10 December 2025.

05Your team on the island

Do you need a local director in Bermuda?

No. You can be the only director. But the law requires one person ordinarily resident in Bermuda on the company's team, and that's what our price covers. Want a Bermuda resident on the board as well? We add one from a licensed provider for US$4,600 a year.

Sole directorYou, anywhereRuns the company

Resident representativeIncludedKeeps records in Bermuda, takes legal notices, and must report serious breaches

Company secretaryIncludedRequired for every company

Registered officeIncludedWhere the registers sit

Annual accounts and an audit can be waived for a set period if all members and directors agree. Records must still show the company's position every three months and be kept for five years. Accounts aren't filed.

06Crypto

A Bermuda company for crypto: the rule that follows you

Bermuda's licence reaches any Bermuda company offering listed services to the public, wherever in the world it acts. See how other places compare.

No licenceHolding crypto

Having crypto as an asset doesn't trigger the law. Trading your own funds isn't a public service on our reading, and we confirm your case first.

Licence, general activitiesFrom US$15,000 a year

Plus US$2,266 to apply. Token sales, custody or payment services to the public.

Licence, exchange with client keysFrom US$150,000 a year

Plus about US$100,000 of net assets. For serious operators only.

07The whole bill

Bermuda company formation cost, without the padding

Over half the yearly price goes to the government, so we show it on its own lines. Lowest capital band shown.

Year one

Registration and filingsAt cost: application, memorandum, director list and nameUS$640

First annual and regulatory feesAt cost. Half the annual fee if you form after 31 AugustUS$2,595

Tax assuranceAt cost, applied for once: no new profit tax on the company until 31 March 2035US$195

HeirsonLicensed provider, resident representative, secretary, office, owner filing, documents, bank account set up with youUS$2,255

You payUS$5,685

Every year after

Annual and regulatory feesAt cost, due in JanuaryUS$2,595

HeirsonResident representative, secretary, office, January declaration, owner register upkeep, remindersUS$1,895

You payUS$4,490

Certificate of complianceUS$200The Registrar's search and sealing, for banks that ask

Bookkeeping and accountsQuoted firstIf your company needs them

Local directorUS$4,600 a yearA Bermuda resident director from a licensed provider, as the law requires. Never a nominee

Companies Act and Government Fees Regulations, November 2026. The name fee is a provider's figure, since the schedule has no separate line. Bermuda's 7% corporate services tax on our provider's fee is inside our price. Comparable complete yearly packages start around US$4,950.

Questions

Bermuda company questions, answered

Want more privacy or a lower bill? Look at the Bahamas or the BVI, or compare with the compare tool.

How much does it cost to set up a company in Bermuda?

With Heirson, US$5,685 in year one, or about US$4,640 if you form after 31 August, then US$4,490 a year. About US$2,595 of the yearly price is government fees at the lowest capital band.

What is a Bermuda exempted company?

A company set up to do business mainly outside Bermuda. It's treated as non-resident for exchange control, so it can hold accounts in any currency without those formalities.

Does a Bermuda company pay tax?

An ordinary company pays no income, profit, withholding or capital gains tax in Bermuda. A 15% tax applies only to groups with revenue of EUR 750m or more. Your home country may still have a claim. More in our Bermuda tax guide.

Do I need Bermuda Monetary Authority approval?

Not for an ordinary company. The rules on issuing shares were revoked with effect from 3 November 2025, and the Registrar now checks owners at registration. Licensed businesses still deal with the Authority.

Can a non-resident own a Bermuda company?

Yes, with one director and one shareholder. The company also needs a secretary and one person ordinarily resident in Bermuda, and a Bermuda provider has to handle the filing.

Are Bermuda shareholders public?

Yes. The register of members can be inspected by the public for free, and directors are public too. If you need your name off the record, a Bermuda company isn't the right tool.

When is the Bermuda annual fee due?

In January each year. A late payment can bring a US$300 penalty, daily fines and, after three months, a stop on doing business until it's paid.

Does a Bermuda company need an audit?

Only if it isn't waived. All members and directors can agree to skip accounts and an auditor for a set period. The company must still keep records.

Is Bermuda on any blacklist?

No. The EU's lists and FATF's, both updated in October 2026, leave it off.

Can a Bermuda company open a bank account?

Yes, in Bermuda or elsewhere, and no rule requires a local account. We build the application with you, and while the bank decides, it almost always goes through. Our Bermuda bank account guide shows what an account costs a year.

How would someone look my Bermuda company up?

Through the Registrar's online register with an ID checked account, and at the office for the members list. Step by step: Bermuda company search.

If Bermuda's the one

A 0% company on an island counterparties respect.

US$4,490 a year once running, with your team on the island inside. Paid after you sign.

Start my Bermuda company Work out my fees