Company Migration To And From Bermuda

MIGRATION TO BERMUDA

The Companies Act 1981 of Bermuda (the "Companies Act") permits a body corporate incorporated outside Bermuda (the "foreign corporation") to be continued in Bermuda by way of continuation as an exempted company under the Companies Act (the "Registrant").

Pre-conditions to registration

The Registrant must:

1. obtain all necessary authorisations, if any, required under the laws of the jurisdiction in which it is presently registered in order to enable it to continue as an exempted company registered in Bermuda;
2. make an application to the Bermuda Monetary Authority ("BMA") accompanied by:
   
   
   1. a statement of the proposed business of the exempted company;