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Bermuda      
 
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CORPORATE FEATURES

GENERAL  
Type of Company Exempt
Political Stability Good
Common or Civil Law Common
Disclosure of Beneficial Owner Yes
Migration of Domicile Permitted Yes
Tax on Offshore Profits Nil
Language of Name Latin alphabet

CORPORATE REQUIREMENTS 		 
Minimum Number of Shareholders One
Minimum Number of Directors Two
Bearer Shares Allowed No
Corporate Directors Permitted No
Company Secretary Required Yes
Standard Authorized Share Capital US$ 12,000

LOCAL REQUIREMENTS 		 
Registered Office / Agent Yes
Company Secretary Yes
Local Directors Yes
Local Meetings Yes
Government Register of Directors No
Government Register of Shareholders Yes

ANNUAL REQUIREMENTS 		 
Annual Return No
Submit Accounts No

RECURRING GOVERNMENT COSTS 		 
Minimum Annual Tax / License Fee US$ 1,680
Annual Return Filing Fee N / A

 
© 2001
Excellent Consultants Ltd.

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