Bermuda's Economic Substance Portal launched as of 1 May
2020 to provide a reporting platform for filings from entities that
are required to file declarations under the economic substance
regime in the jurisdiction (Economic Substance Regime).
The portal can be found at: www.registrarofcompanies.gov.bm.
Economic Substance Regime
Bermuda recently adopted an Economic Substance Regime that
affects companies that carry on 'Relevant Activities',
including banking, insurance, fund management, financing, leasing,
headquarters, shipping, distribution and service centres,
intellectual property and holding entities.
The Economic Substance Regime requires certain residency and
physical presence obligations to be fulfilled. Entities within
scope must be "managed and directed in Bermuda" which
will include having strategic meetings (including board meetings)
in Bermuda and having an adequate number of senior executives,
employees and other persons in Bermuda who are
