Bermuda Company

Bermuda, situated in the West Atlantic Ocean, is about 917 km from the coast of North Carolina, USA. Bermuda has enjoyed internal autonomy since June 1968, while the UK controls the external affairs and internal security of Bermuda through the office of a Governor. English is a common language, and Portuguese is also in use.

Bermuda follows the British-based legal system. A Bermuda company is an exempted company designed by foreign investors, which does not have to pay capital gains tax, value added tax, sales tax or gift tax.

Advantages

Provide privacy protection, without disclosing shareholders and directors
No tax shall be declarable and payable
No double taxation treaties with other countries
Company is granted listing in Hong Kong Stock Exchange

General Requirements

There shall be at least one shareholder. Shareholder can be legal person or individuals, without nationality restriction
There shall be at least two directors. Directors must be persons, without nationality restriction

Standard Registered Capital

USD12,000

Required Information and Time for Incorporation

Company name in Chinese and English
Original copy of directors and company originators' ID card or passport, or certified copy by certified public accountants, lawyers and notaries
Original copy of proof of address of the directors for the last 3 months (such as bank statements, utilities bills, gas bills, landline phone bills, etc.) or certified copy by certified public accountants, lawyers, and notaries
The registration takes about 40 working days (after the particulars are fully collected and due diligence is passed)

Offshore Company Incorporation