Bermuda is a British Overseas Territory, located in the Atlantic Ocean to the east of the United States of America. This is a self-governing territory with its own constitution and government, but with Queen Elizabeth II as the head of state. The Queen is represented here by the Governor of Bermuda. Local currency is the Bermudian dollar. Official language is English.
Bermuda’s economy stands on two pillars: tourism and offshore financial services. There are about 15000 economic entities registered in Bermuda.
Bermuda is “largely compliant” by OECD classification of countries by tax cooperation. As for the European Union, they have placed Bermuda in the “grey area” of jurisdictions that have expressed commitment to align their tax legislation with EU standards.
Business activities in Bermuda are regulated by the 2006 Companies Act and other laws.
Main types of businesses in Bermuda
- Bermuda Local Company Limited by Shares
- Bermuda 'Permit' Company
- Bermuda Exempt Partnership
- Bermuda Limited Partnership
- Bermuda Overseas Partnership
- Bermuda Trusts
- Bermuda Segregated Accounts Companies
There is an automatic exchange of tax information functioning between Bermuda and the United Kingdom.
What is a commercial register?
In our video we explain the definition and function of a commercial register and how you can verify the reliability and solvency of your foreign business partner.
Should you wish to check the sincerity of your foreign business partner’s request, Schmidt&Schmidt will gladly assist you.
We offer extracts from the commercial registers of more than 100 different registers in countries spread all around the globe. Additionally, we offer annual statements for a variety of companies. The original extract from any commercial register can be sent to you by mail or as a pdf-file via e-mail. Besides that, commercial register extracts can be authenticated with an apostille.
Commercial register of Bermuda was created by the 1981 Companies Act. It is managed by the Registrar – a special governmental office subsidiary to Ministry of Economic Development. The register can be accessed via the official website of the Government of Bermuda.
Contents of the register
The main type of extract available from the Bermudian business register is a company profile, called Bermuda Company Search Report. It contains the following information, relevant at the moment of request:
- Name of the company
- Registration number, date, and details
- Type of business
- Information about the local agent
- Registrar’s name and contact information
- Registered capital
- Other available information
NB: Information about some companies may be unavailable.
Other available documents
Certificate of Good Standing – an official document that confirms a company’s solvency, reliability, and right to do business in Bermuda. This certificate is only issued to companies that fully comply with the requirements in terms of taxation and financial reports submission.
Certificate of Incorporation – confirms company’s registration in Bermuda.
Search in the register is not free of charge. Search results are sent to you within 3-5 days after request submission.
To get a required document, we will need the following information about a company:
- Full legal name
Alphabetical search is possible too.
An extract from the business register of Bermuda can be used in order to:
- Obtain detailed information about potential business partners
- Negotiate foreign trade agreements
- File legal claims
Bermuda acceded to the The Hague Convention Abolishing the Requirement of Legalisation for Foreign Public Documents on 24 February 1965, as a part of the United Kingdom.
Therefore, the documents issued in Bermuda are subject to a simplified apostilling procedure, thus the documents gain full legal value in Convention member states after notarised translation.
In addition, you can order notarised translation from English.
We provide extracts from the register in strict compliance with the legislation of Bermuda, the United Kingdom, and the General Data Protection Regulation.
Inquiries are processed within one working day. Courier delivery of apostilled documents is paid separately by courier service tariffs.
Our services can be paid by bank transfer, PayPal or by credit card.
You can order free preliminary availability check of required information on our website.
|Service||Price incl. German VAT 19%||Price excl. VAT|
|Price for an Electronic Extract||from 83,30 €||from 70,00 €|
|Price for an Extract with Apostille without international shipping||from 595,00 €||from 500,00 €|