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ARTICLE · 06 MAY 2026

Beneficial Ownership Regime In Bermuda: An Overview

Carey Olsen
Carey Olsen
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Carey Olsen

Carey Olsen

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The Beneficial Ownership Act 2025 consolidates Bermuda's beneficial ownership regime into comprehensive legislation that enhances transparency requirements to align with international standards. This guide examines the key obligations for Bermuda entities, including identification and verification requirements, maintenance of beneficial ownership registers, and filing obligations with the Registrar of Companies. Understanding these requirements is essential for entities operating in Bermuda to ensure compli

BermudaCorporate/Commercial Law
Gavin Woods
Gavin Woods
Michael Frith
Michael Frith
Charissa Ball
Charissa Ball
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Briefing Summary:

The Beneficial Ownership Act 2025 (the "BO Act") came into force in November 2025. It consolidated the previous Bermuda beneficial ownership regime into a single piece of legislation, and enhanced the beneficial ownership transparency requirements to align with international standards, including through enhanced information requirements and the creation of a central beneficial ownership register of that information maintained by the Registrar of Companies. In this note, we provide a summary of the key obligations, who must comply and the requirements for maintaining accurate and up-to-date beneficial ownership records.

Introduction

The beneficial ownership regime in Bermuda ("BO Regime") is governed by the Beneficial Ownership Act 2025 ("BO Act"). The BO Regime enhances the framework under which adequate, accurate and up to date information in relation to the beneficial owners of Bermuda Entities (see below) is collected and maintained. Under the BO Regime

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