The reasons to establish a business in Bermuda are as follows:
Number of attractive legal corporate structures
Developed Financial Sector
Low reporting requirements
One day incorporation
Minimalist shareholder requirement
Absence of Stamp Duty
Positive Banking Reputation
This business structure is suitable for small and medium-sized businesses. It is a flexible way of doing business. An LLC can be formed either by one person or more than one person. In the case of more than one person, only one is responsible for the company's operations while the other(s) only makes contributions to the company.
A trust is best suitable for asset management and gives sufficient protection. However, trusts do not engage in trading activities.
This type of business structure is suitable for overseas companies which become eligible to conduct business activities upon obtaining a permit from the Minister of Finance. Such a company carries on business in Bermuda with an option to carry out business overseas as well. The appointment of a legal representative is required in this type of company.
This business structure has limited shares with statutory capital and is formed to invest the funds of its members for their mutual benefit. The liability of the members is limited to the unpaid amount of shares.
In this business structure, the business activities are carried out by two or more partners jointly and the liability is borne by them jointly for all the results of such business undertakings.
In this type of business structure, the company is arranged by one or two persons who are the general partners responsible for the management and bear the outcomes jointly and severally and by one or more persons who are not liable for any debts of the partnership.
Exempt company means a company completely exempt from tax on profits. Tax exemption is provided while preserving the feature of LLC regarding the financial liability of shareholders. The liability of the members is only limited to the amount of unpaid shares. An exempt company can be formed by one or more persons who may be either natural or legal. The exempt company has to maintain a register of its members and beneficiary owners. The information of the beneficiary owners remains confidential by default and it can be disclosed in a limited manner in certain exceptional cases. An exempt company should declare its status in the statutory necessary papers and must hold an annual general meeting at least once a year.
Different types of taxes in Bermuda are as follows:
Financial Service Tax
Corporate Service Tax
Foreign Currency Purchase Tax
Hotel Occupancy Tax
Timesharing Service Tax
Timesharing Occupancy Tax
Enterslice is one of the leading management consultancy firms which offers end-to-end business set-up, financial, regulatory, taxation, legal, and advisory services to early-stage businesses, start-ups, entrepreneurs, and large corporate houses across the globe.
Our Bermuda Entry Strategy services involve the following services:
Our Bermuda Entry Strategy is further classified into the following:
Our business set-up services include advisory related to the type of business structure a business should opt for while setting up a business in Bermuda. There are various business structures in Bermuda such as Limited Liability Partnerships, Exempt companies, Permit companies, Mutual Funds company, General Partnership, Limited Partnership and Trust. Our team guides you in selecting the most suitable business structure for your business. Apart from this, we also assist in the registration of business structure, opening a bank account for the business and post-registration compliance, etc.
Our Consultancy services are related to creating a strategic plan for your business, establishing a budget, and developing cash flows. We assist in reviewing the internal control processes and conduct thorough business reviews.
Our Legal experts provide advisory services on a range of activities from advice on cross-border transactions to preparing legal Paper works. We deal with legal issues and concerns relating to contract management, corporate decisions, corporate growth, etc.
Our IP experts provide advice on IPR protection and guide the registration of patents and trademarks. We also ensure that all legal and regulatory compliance relating to intellectual property is duly and timely complied with.
Our experts advise on the payment of taxes to the Office of the Tax Commissioner. We assist in Paper works arrangement and in the timely filing of tax returns.
We assist in setting out a business plan, nature, and scale to conduct business activity. We assist in obtaining a license to conduct digital asset business if required depending upon the type of business. We guide in formulating the policies and procedures to meet the obligations under the Digital Asset Business and the Companies and Limited Liability Company (Initial Coin Offering) Amendment Act 2018 read with the rules formulated thereunder.
24x7 Client relationship support desk.
Tech-enabled service delivery platform.
Dedicated foreign Investment desk.
50,000+ Network of Lawyers/Attorney’s/CA/CPA/CFA.
Strong team of Inhouse Lawyers/Attorney’s/CA/CPA/CFA
Individual and Dedicated professionals on every assignment.
We register 100+ Companies every Month
If you have any queries related to the Process, feel free to contact us. We will provide
you with immediate help.
“Enterslice use technology better than others. That saves time and money; Team enterslice is more efficient than traditional competitors, and that helps to pass on the cost advantage to its clients. The company is building a high-level transparency in legal services by optimum use of technology and process automation in consulting. I highly recommend this company.”
“Excellent advisory role by Enterslice Team. They are a trusted partners to us. Narendra and his team helped us with our pre NBFC applications and Post NBFC advisory services.”
“Amazing services provided by your organization. They have completed our NBFC registration order within stipulated time period of 90 days. They provide constant guidance and support in the process. Their support in building fintech software is amazing.”
“I chose Enterslice to start my new Indian adventure as entrepreneur, and respect my past experience i was surprised by their professionalism. In particular, Raksha T. followed my startup process, and i was delighted with her support on every moment. Great, great experience.”
“I came to know about Enterslice through a friend. Since then I have done GST Registration through them. The services are consumer centric and fast. I have recommended them to many of my acquaintance already.”
“Great set of people working together. Very customer friendly. I am very satisfied with the food license registration services and will definitely come back for other similar requirements.”
“They provided customized and Highly skilled CA &services. The management invests themselves in your work. They ensured timely NBFC registration and are always ready and prepared with excellent advisory services. The best part of working with Enterslice is they are not having expertise of law but they are well versed with Digital marketing skills &fintech business model.”
“I have registered my Trademark through them. The application was filed within 3 days. And the charges were also very reasonable. We got TM Approved in 6 month’s time without any re-submission or objection. They charge high to deliver the best in industry.”
“I would like to thank the Enterslice team for the excellent business plan made by them. They understood our requirement and gave us exactly what we wanted. Thank you Team Enterslice.”
“Thanks for your services. The team is really professional. They make sure that things are delivered in time. The best part about Enterslice is the consultative approach and guiding us on all our business matters.”
Haiden Group - UAE