Bermuda Exempted Company Incorporation Quotation
The Bermuda Company mentioned in this quotation refers to an exempted company incorporated under the Bermuda Companies Act 1981. This type of company is also commonly known as offshore company, international business company or tax free company.
1.
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Bermuda Exempted Company Incorporation Fees and Disbursements |
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(1)
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Incorporation Service Fees |
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Our fees for handling the registration of a exempted company with standard authorised capital of no more than USD12,000 and with standard Memorandum of Association are USD16,500. Our fees cover the following services in particular:
(a) Statutory government registration fee
(b) First year service fee for providing a resident representative
(c) First year service fee for providing registered office
(d) First year service fee for registered agent
(e) Our service fees
(f) Disbursements
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(2) |
Incorporation Related Service Fees |
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Chinese Name
If Chinese name is to be registered, an extra fee of USD400 will be charged.
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（2）
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Certificate of Incumbency
At the time of bank accounting opening, the bank may require a copy of Certificate of Incumbency. We can arrange this document for a fee of USD600.
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（3）
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Certificate of Compliance (equivalent to Certificate of Good Standing)
The Certificate of Compliance confirms that the status of an independent legal entity (a juridical person) has not been revoked or became void for the particular offshore company, that this company has not been merged, filed for dissolution, or been struck-off. If so requested, we can help with the application for the Certificate of Compliance for a fee of USD250.
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2.
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Time of Billing and Payment Methods |
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Upon receipt of your order, we will issue an invoice to you for your settlement. We require full payment in advance.
We currently only accept Hong Kong Dollar check, cash or TT and credit card through PayPal. If payment is settled through PayPal, extra 5% services fee will be charged.
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| 3. |
Basic Structure of a Bermuda Exempted Company |
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The minimum requirements of a Bermuda Exempted Company are as follows:
- At least one shareholder, one director, one resident representative and one registered office
- Shareholder can be natural person or corporation with no restrictions on nationality
- Director can also be natural person or corporation with no restrictions on the nationality
- Shareholder can be appointed as director at the same time
- Must have a Bermuda resident representative that is either an individual who is ordinarily resident in Bermuda or a company which is ordinarily resident in Bermuda.
- Minimum share capital is USD1; unless otherwise advised, a company will be incorporated with a share capital of USD12,000 and 12,000 shares
- The registered office must be located in Bermuda
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4.
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Materials Required for Incorporation |
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At the time of confirmation of order, client should scan and email the following materials to us for preliminary review and then deliver the original copy to us: |
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(1)
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Incorporation Order Form (to be provided by Kaizen) |
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(2) |
Due diligence documents for each director, shareholder and ultimate beneficial owner
(a) Individual
- A Passport copy (the page showing the holder’s photograph and personal data and the page showing the signature)
- An address proof (any utility bill, bank statement within 90 days and in English)
(b) Corporation
- A copy of Certificate of Incorporation
- A copy of Memorandum and Articles of Association
- A copy of register of directors
- A copy of register of members
- A organizational chart from the company to ultimate beneficial owner
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(3) |
KYC Questionnaire
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5.
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Time Frame to Incorporate |
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The registration of an Exempted Company in Bermuda normally takes anywhere from 12 to 15 working days in a smooth case. The following table shows the time required for each of the steps:
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Step
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Description
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Working days
(estimated)
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1
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Kaizen coordinates with clients regarding the provision of required materials
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1
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2
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Review of due diligence documents provided by client
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7-9
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3
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Name availability search and reservation
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1
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4
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Filing of application documents with the Registrar
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1
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5
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The Registrar reviews application and issues Certificate of Incorporation
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2
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6
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Delivery of corporate documents to Hong Kong
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5
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7
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Delivery of corporate documents to client
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Subject to courier
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6.
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Registration Documents Returned to Client after Registration |
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After the company is officially registered, Kaizen will return the following documents and materials for client’s retention:
(1) Printed copy of Electronic Certificate of Incorporation;
(2) 3 printed copies of Memorandum of Association;
(3) 10 copies of blank share certificate;
(4) Register of Members and Register of Directors
(5) Common Seal and company chop
(6) Minutes for the appointment of first director(s)
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7.
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Annual Fees for Second and Subsequent Years |
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The annual maintenance costs for the second and subsequent years of a standard Bermuda exempted company (share capital no more than USD12,000.) are USD 10,300.
The annual maintenance costs include annual license fees, resident representative service fee, annual registered office and registered agent fee. Annual renewal fees are due for payment before 31 January every year.
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If you wish to obtain more information or assistance, please visit the official website of Kaizen CPA Limited at www.kaizencpa.com or contact us through the following and talk to our professionals:
Email: info@kaizencpa.com
Tel: +852 2341 1444
Mobile : +852 5616 4140, +86 152 1943 4614
WhatsApp/ Line/ Wechat: +852 5616 4140
Skype: kaizencpa
DOWNLOAD: Bermuda Exempted Company Incorporation Quotation [PDF] |
