Regulation of Exempted Companies in Bermuda

Synopsis: An exempted company (“exempted company”) is a company, which is “exempted” from the requirements imposed on local companies by the Bermuda Companies Act 1981 (the “Companies Act”), in particular the requirement that at least 60% of the equity of a company must be owned and controlled by Bermudians.  This allows for an exempted company to be 100% foregin (i.e. non-Bermudian) owned and controlled.

Incorporation_of_an_Exempted_Company_in_Bermuda
Title: Incorporation_of_an_Exempted_Company_in_Bermuda (4452 clicks)
Caption:
Filename: incorporation_of_an_exempted_company_in_bermuda.pdf
Size: 241 KB

More Posts

Chambers – Insurance (ASW Ranked Band 2, Neil Horner Ranked Band 1)

What the team is known for Acclaimed Bermudian practice offering strength in both contentious and non-contentious insurance mandates. Noted for its experienced handling of significant multi-jurisdictional M&A transactions. Provides high-end advice to an array of international and domestic insurance companies,

Amendments to the Bermuda Companies (Winding-up) Rules

On 13 November 2020, the Companies (Winding-Up) Amendment Rules 2020 (the “Amendment Rules”) came into effect and are the first substantive update to the Companies (Winding-Up) Rules 1982 (the “1982 Rules”). The Amendment Rules were developed by the executive committee

Newsletter Subscription

Subscribe to News and Publications