| Bermuda Company Formation Detail | |
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| Background |
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Political stability: |
Stable |
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Legal system: |
UK common law |
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Company type: |
Exempted Company |
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Disclosure of company information: |
Protected |
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Oversea profit: |
Non-taxable |
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Chinese Company name registration: |
Impossible |
| Company formation Regulation |
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Minimum shareholder: |
One |
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Minimum director: |
Two |
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Corporate director: |
Possible |
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Company Secretary: |
Necessary |
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Standard Share Capital: |
USD 12,000
(Extra fee if excess) |
| Local Regulation |
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Registered address or Registration Agency: |
Necessary |
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Local Company Secretary: |
Necessary |
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Local Director: |
Necessary |
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Local meeting: |
Not necessary |
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Director List storage in Company Registration Office: |
Not necessary |
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Shareholder List storage in Company Registration Office: |
Not necessary |
| Annual Regulation |
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Annual Report: |
Required |
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Annual Auditing: |
Not Required |
| Estimate Duration and Fee |
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Duration for New Company Formation: |
30 working days |
| Shelf Company |
Not Available |
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Located in North America. West part of Atlantic Ocean, 917 km away from South Carolina |
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Bermuda political and economic environment is stable |
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High quality banking, accounting, business servicing, and business secretary service, which ensure Bermuda leading position for offshore company incorporation |
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Major disadvantage is the expensive annual fee, same as Singapore |
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Bermuda is a member of OECD, so there are many professional lawyer, CPA |
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Offshore register in Bermuda grant reorganize by many governments |
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| Advantage and aim of formation | |
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Registration capital need not paid up and can setup bank account anywhere in the world |
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Can go public in most major share market in the world |
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No foreign exchange control make it easier to raising fund |
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Legal taxation shelter as offshore company wan wave for all local tax |
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Purchase of property is allowed under corporate owned |
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Stable political, economic and trading environment |
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Company beneficiary is protected by government will not disclose to public |
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Bermuda company help company to apply for pre-approvals and licenses |
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Bermuda company name can decide on own wish |
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Free choice for company name |
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Bermuda business facilities are very good. |
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Company name:
Company name should be in English, and should be ended with “LIMITED”. Company name should not include “Trust Company”, “Bank” or similar wording unless approved by their government. |
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Standard Share Capital:
Standard registration share capital is USD 12,000. |
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Director:
At least one, no nationality limitation, individual or corporate is also allowed |
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Shareholder:
At least one, no nationality limitation, individual or corporate is also allowed |
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Company Secretary:
Necessary and they should be local resident, normally provided by us and included in service fee. |
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Registration agency/Registered address:
Necessary. Require one local authorized registration agency. We will provide Registered address and its fee is already included in the registration fee and annual fee. |
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Required documents:
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Company name |
| 2) |
Directors and shareholders information (address prove, nationality, passport or ID card copy) |
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Share allocation list (if more than one shareholder), share capital need not paid up |
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Professional sponsor letter |
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| Stage One: |
Name search (Company name should be drafted by you or enquiry for shelf companies’ name) |
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| Stage Two: |
Provide basic information about directors and shareholders (including address, nationality and passport or ID card copy); Confirm company structure, share allocation and fill in the related application form |
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| Stage Three: |
Signing appointment agreement and related government documents and pay the first payment |
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| Stage Four: |
We will inform you once the registration completed, and please sign for collecting company kits and settle the last payment |
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| Stage Five: |
After-sale management service enquiry (if necessary) |
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| We have many shelf companies ready for sales. We can also registration name company with you chosen name; we also provide name search service. Company document will be well prepared in folder. |
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| Our company kit includes: |
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Certificate of Incorporation |
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Company Memorandum and Articles |
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Director Appointment Documents |
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Director and Shareholder list |
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Provide public telephone and fax |
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Company Chop 1 Set |
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Metal Chop 1 Set |
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Share book |
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Share transaction Contract (Shelf Company Only) |
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Folder Box (filing all the above documents) |
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Back
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