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ARTICLE · 04 JUNE 2025

Country Update Bermuda: Securities And Banking

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The Companies Act 1981, as amended (the "Companies Act") provides for the establishment of companies, including those which will carry on business mainly outside of Bermuda.

BermudaFinance and Banking
Leonie Tear
Leonie Tear
Benjamin Twidle
Benjamin Twidle
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This country update was originally published by Thomson Reuters Regulatory Intelligence.

Bermuda is an overseas territory of the United Kingdom and its legal system is based on English common law as altered or supplemented by local legislation.

Overview of financial services business regulation

Establishment and changes of ownership

The Companies Act 1981, as amended (the "Companies Act") provides for the establishment of companies, including those which will carry on business mainly outside of Bermuda. The types of companies are covered in more detail below.

A Bermuda exempted limited liability company may also be formed for any lawful business, purpose or activity in accordance with the Limited Liability Company Act 2016, as amended (the "LLC Act") of Bermuda.

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