ARTICLE · 28 JULY 2016

Limited Liability Company Act passed In Bermuda Senate

Appleby

Contributor

Appleby

Appleby is a leading offshore law firm. The team of legal specialists advise global public and...

View firm profile

Explore more from Appleby

The Limited Liability Company Act 2016 (LLC Act) has today passed in the Senate and is set to come into force in the near future.

BermudaCorporate/Commercial Law

Tonesan Amissah

Matthew Ebbs-Brewer

Author LinkedIn connections

The Limited Liability Company Act 2016 (LLC Act) has today passed in the Senate and is set to come into force in the near future. The LLC Act introduces into Bermuda the first new corporate structure in 100 years.

Although new in Bermuda, LLCs are of course well known to those located in, or who do business with, the United States of America. In particular, Bermuda's legislation has been modelled on the Delaware LLC and consequently it will provide a welcome degree of familiarity to clients and their advisers.

Although the LLC vehicle may be utilised by clients in a broad range of sectors, the LLC has undoubtedly been of great interest to clients in the investment management/funds sector.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Regulatory Advisory Services For Bermuda Businesses

BermudaCorporate/Commercial Law

Bermuda’s Beneficial Ownership Exemption Order 2026

BermudaCorporate/Commercial Law

Updates To The Beneficial Ownership Reporting Regime

BermudaCorporate/Commercial Law

The Limited Liability Company: Ten Years On

BermudaCorporate/Commercial Law

Bermuda Public Companies Update — Summer 2026

BermudaCorporate/Commercial Law

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

Comparative Guide

Private Equity

Comparative Guide

Technology M&A

Comparative Guide

Shareholder Activism

Comparative Guide

Enforcement of Civil and Commercial Judgments

See more popular content from

Corporate/Commercial LawAppleby

Part 1: An Introduction To Sham And Illusory Trusts

Whilst both will give rise to a finding that a trust is invalid, sham trusts and illusory trusts are two very different beasts, as noted by the New Zealand Supreme Court:

BermudaCorporate/Commercial Law

Kennedys Law LLP

Bermuda Public Companies Update — Summer 2026

Global M&A activity surged to a five-year high in the first half of 2026 while IPO markets remained highly selective, with Bermuda companies demonstrating continued strength through strategic redomiciliations, major acquisitions, and sustained capital markets activity across shipping, financial services, and energy sectors.

BermudaCorporate/Commercial Law

South & Southeast Asia M&A Report – Q1 2026

M&A activity in India and ASEAN countries accelerated from Q3 2025 into early 2026, driven by domestic consolidation, financial services, energy transition and technology sectors. Deal volumes remained high with a deep mid-market pipeline, while private equity dominated as the primary buyer class, increasingly seeking majority stakes as sellers accepted lower valuations than peak market periods.

GlobalCorporate/Commercial Law

Bermuda Tables Incorporated Segregated Accounts Companies Act 2019

A key feature of both a segregated accounts company (SAC) and an incorporated segregated accounts company (ISAC) is that the assets of each individual segregated account, or cell, will not ...

BermudaCorporate/Commercial Law

South And Southeast Asia M&A Report | Q3 2025

We are pleased to provide this twice-annual report summarising notable mergers and acquisitions activity in South and Southeast Asia, highlighting transactions over US$100 million in aggregate value.

GlobalCorporate/Commercial Law

Ten Useful Facts About The Bermuda Stock Exchange (BSX)

There are different types of instruments on the BSX that include 145 listed Insurance Linked Securities (ILS) vehicles in Bermuda with an aggregate value of 18.3 billion USD.

BermudaCorporate/Commercial Law

Bermuda Economic Substance Filings - Update

In relation to the Economic Substance Act 2018 (the "Act") and the related Guidance Notes issued by the Minister of Finance on 24 December 2019 (the "Guidance Notes")

BermudaCorporate/Commercial Law

Bermuda’s Beneficial Ownership Exemption Order 2026

Bermuda's Beneficial Ownership Amendment Act 2026 introduces significant changes to transparency requirements for legal entities. The new Exemption Order provides relief from central filing obligations for certain qualifying entities, including those held by licensed trustees and investment funds. Understanding eligibility criteria and compliance conditions is essential for affected legal persons operating in Bermuda's regulatory framework.

BermudaCorporate/Commercial Law

Updates To The Beneficial Ownership Reporting Regime

The Government of Bermuda has enacted sweeping amendments to its beneficial ownership framework through three key pieces of legislation that significantly strengthen transparency requirements and compliance obligations.

BermudaCorporate/Commercial Law

Bermuda Public Companies Update, Summer 2023

This edition of the Bermuda Public Companies Update summarises significant transactions involving Bermuda companies listed on the New York Stock Exchange and Nasdaq during the first half of 2023.

BermudaCorporate/Commercial Law

Guide To Venture Capital In The Cayman Islands 2026

The Cayman Islands has emerged as the world's premier offshore jurisdiction for venture capital fund formation and cross-border investment structuring, with over 30,900 alternative investment funds managing USD8.2 trillion in assets.

Cayman IslandsFinance and Banking

BMA Sets Out Phased Path To A Bermuda Insurance Resolution Regime

The Bermuda Monetary Authority has published a consultation paper outlining the first phase of a resolution regime for the commercial insurance sector, designed to align with international standards. The framework establishes the BMA as the Resolution Authority with five core objectives and defines which insurers will fall within scope. This phased approach raises important questions about governance, recovery planning, and the practical implications for domestic insurers and Internationally Active Insuranc

BermudaInsurance

Cayman Short Form Merger – Is It A Loophole?

Section 238 of the Companies Act (2025 Revision) (the "Act") provides a statutory right for shareholders who dissent from a merger to be paid a judicially determined fair value for their shares in lieu...

GlobalCorporate/Commercial Law

New CIMA Rules On AML/CFT/CPF Compliance And Financial Sanctions Issued In The Cayman Islands

The Cayman Islands Monetary Authority has published two new Rules introducing binding requirements for regulated financial service providers regarding anti-money laundering, counter-terrorist financing...

Cayman IslandsGovernment, Public Sector

Guide To Companies In Mauritius

This is the Fourth Edition of the Guide, which we have produced for the information of our clients and professional colleagues. This edition takes account of changes brought about by the Companies Act 2001 and the Financial Services Act 2007.

MauritiusWealth Management

2026 Guide To Blockchain & Crypto-Assets In The Cayman Islands

This guide provides the latest legal information on the evolution and regulation of these markets, licensing and set-up requirements for businesses, cross-border services, decentralised finance...

Cayman IslandsTechnology

The Long Game: How Bermuda Became The World’s Life Reinsurance Capital

Bermuda has emerged as the dominant global hub for life and annuity reinsurance, now holding over $900 billion in US life and annuity liabilities and accounting for 84% of all US reserves ceded offshore. This analysis examines how the island's sophisticated regulatory framework, purpose-built infrastructure, and commercially engaged regulator have created a structural advantage that extends beyond its traditional catastrophe reinsurance roots into long-dated life business from the US, UK, and Asia.

BermudaInsurance

Upcoming Deadline For Annual Returns For BVI Business Companies And Limited Partnerships

Entities in the British Virgin Islands may qualify for exemptions from Annual Return requirements based on specific criteria. BVI Business Companies and Limited Partnerships can avoid filing obligations if they meet conditions such as being listed on recognized exchanges, regulated by the FSC, or filing tax returns with financial statements.

British Virgin IslandsCorporate/Commercial Law

Guide To Trusts In The Isle Of Man

The Isle of Man offers wealthy families a politically stable, well-regulated and practical base in which to establish wealth and business succession planning structures. Modern and robust legislation, high-quality professional advisers and service providers, and a reputation for cost-effectiveness, all contribute to the island's attractiveness as a trusts jurisdiction.

Isle of ManWealth Management

Guide To Blockchain & Crypto-Assets In The British Virgin Islands 2026

The British Virgin Islands has positioned itself as a leading offshore financial centre for blockchain and crypto-asset businesses, offering a flexible regulatory framework that balances...

British Virgin IslandsFinance and Banking