ARTICLE · 21 APRIL 2017

Incorporation Of A Bermuda Exempted Company

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An exempted company limited by shares (a "Company") is the most commonly used type of Bermuda legal entity for international transactions.

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Introduction

An exempted company limited by shares (a "Company") is the most commonly used type of Bermuda legal entity for international transactions. This note describes the incorporation process in Bermuda. It is intended to be a summary only, and is not exhaustive.

Legislation

Formation of a Company is subject to the requirements of the Companies Act 1981 of Bermuda (the "Act"). Under the Act the appropriate permissions and registrations must be made with the Bermuda Monetary Authority (the "BMA") and the Registrar of Companies (the "Registrar").

Regulatory Approvals

Walkers Corporate (Bermuda) Limited will be required to gather information on the proposed shareholders of the Company, including standard KYC documentation, and request consent from the BMA to incorporate.

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