Bermuda Business Vehicles

This Memo sets out some of the key Bermuda business vehicles and briefly summarises key points in relation to each type of vehicle.

Exempted Companies

Exempted companies are the most common business vehicle used by foreign companies in Bermuda. The main benefit of the exempted company vehicle is that it enables foreign business to operate out of Bermuda - a respected international business jurisdiction with a commitment to transparency and sensible regulation. Bermuda is recognised for transparency and cooperation by the international community and was an early adopter of the OECD's Common Reporting Standard. Exempted companies are able to receive a certification that they are exempt from certain taxes under the Exempt Undertakings Tax Protection Act 1966.