If you're looking to open a Bermuda company, you'll be in good hands - Bermuda is home to the world's highest per capita income. Its two main economic sources are financial services and high-end tourism, mostly from U.S. visitors. Its close proximity to the east coast of the U.S. makes it a popular destination for those who are looking to incorporate an offshore company.

With Offshore Banking International, a Bermuda company registration provides a seamless transition for your business into the world of offshore financial freedom. We work with you, step by step, on creating a customized Bermuda offshore company plan that makes sense for your company today, and for the future.

The registration process to set up a Bermuda company takes less than a week, unless the business is considered “unusual” by Bermudan government standards for a Bermuda offshore formation; in these cases, the process is significantly longer - up to two months - as the company can be established only through Parliament. Offshore banking International usually allows three to four weeks for the entire Bermuda company registration process.

The minimum capital is $12,000, although the capital can be posted in any currency. Bermuda companies must be 60 percent owned by a Bermudan, but Bermuda offshore companies that do not do any local business are exempt from this rule. Bermuda incorporated offshore organizations are exempt from corporate taxation, and there is no requirement to file an annual return.

An exempt Bermuda corporation must have a physical presence in Bermuda, as well as at least two officers located in Bermuda. In addition, there must be a locally based company secretary. Accounts, the share register and board meeting minutes are all held by locally authorized accounting offices, and most all offshore Bermuda incorporation information is available to the public. However, board meetings can be held anywhere.

Additional Bermuda company services available from Offshore Banking International include:

• Corporate Seal (required)
• Opening of Bermuda bank account
• Bermuda Incorporation
• Power of Attorney
• Certificate of Good Standing
• Notarization per document or set
• Apostle per document or set
• Nominee Director
• Nominee Shareholder
• Virtual office
• Domain name registration
• Website design

A Bermuda IBC is extremely flexible and can accommodate practically any current financial circumstance or future goal for your new Bermuda offshore formation. We encourage you to seriously consider Bermuda for your next offshore business venture.

In addition, Bermuda banking can open up a world of possibilities for your investments. We work closely with Bermuda banks to ensure that you have a financial plan that allows you to grow your wealth. Bermuda follows OECD international standards of transparency and is at the forefront of banking supervision techniques.

If you're looking to learn more about how a Bermuda company formation can help your bottom line or how a Bermuda bank can assist you in your financial goals, please do not hesitate to contact us today. We're happy to give you sound advice and also choose the offshore jurisdiction that is right for you.