Bermuda exempted company: sourced answers
1 answer to specific questions — each with a verbatim quote from an official source and a link to it.
Every answer is checked against a verbatim quote from a stored copy of its source and has passed an independent review. This is reference information, not legal advice: rules change, and the outcome depends on your circumstances.
Legal form in a country
Which statute (act) establishes the legal form
Companies Act 1981
«Companies Act 1981 (the “Act”) for a licence to conduct business in Bermuda under section 114A of the Act (i.e. where Bermudian control is less than 60%). The issuance of such a licence is at the discretion of the Minister and may be for such duration and subject to such terms and conditions as the Minister may see fit to impose. When deciding whether or not to grant a licence, the Minister will be guided by whether... Published October 22 2019 | Last updated July 14 2026 | 4 min read Share: In this article Local Companies Exempted Companies Licence Fees How to Apply for a License to Carry on Business in Bermuda Wire Transfer Payment/Direct Bill Pay Instructions: Additional Information Local Companies A local company may apply to the Minister responsible for the Companies Act 1981 (the “Act”) for a licence to conduct business in Bermuda under section 114A of the Act (i.e. where Bermudian control is less than 60%). The issuance of such a licence is at the discretion of the Minister and may be for such duration and subject to such terms and conditions as the Minister may see fit to impose. …»
Source: www2.gov.bm · source copy as of 2026-10-03
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