An exempt company is exempted from the requirements of the 1981
Bermuda Companies Act, regarding local companies. In particular, an
exempted company may be 100% foreign owned. The company formation
procedure in Bermuda takes 3 to 5 days, the first step in the
registration procedure is the reservation of your company name with
the Registrar of Companies.
Company Name
The first step in the registration procedure is we check and
reserve your company name with the Registrar of Companies.
Bermuda companies fall into two principal categories:
Companies incorporated by Bermudans to trade primarily in
Bermuda and companies incorporated by non-Bermudans for the purpose
of conducting business outside Bermuda. In general terms, the
Companies Act restricts an exempted company from conducting
business in Bermuda.
