Avoid mistakes, proven solutions

Set up a company in Bermuda?

Learn how to do it compliantly:

0% corporate tax regime

Protection under English common law

OECD-compliant structuring

International recognition and EU cooperation

You can reduce your tax burden legally. We will be happy to advise you in detail and offer a free initial consultation.

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Estimated Annual Revenue

Please share your Estimated Annual Revenue with us, so we know which jurisdiction is best suited for you (special taxes for certain profits).

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Pros and cons of setting up a company abroad

If you relocate your residence:

Your home country may tax certain assets when you move abroad
Bermuda offers a 0 tax environment on income, capital gains, and wealth

Without emigrating:

If the company is effectively managed from your home country, it may still be taxed there
Ownership levels can influence how profits are taxed
Trusts or foundations can be used to structure ownership and assets

What makes Bermuda attractive as a business location?

Bermuda is a self-governing British Overseas Territory in the North Atlantic with around 63,000 inhabitants and a currency pegged 1:1 to the US dollar (BMD/USD). Its legal system is based on English common law, and Bermuda has been regarded for decades as an established international financial center.

For tax purposes, Bermuda was traditionally known for 0% corporation tax, 0% withholding tax on dividends, 0% capital gains tax, and no VAT system. However from 2025, a 15% corporation tax applies only to multinational groups with €750m+ annual revenue.

Bermuda is a global leader in insurance, reinsurance, digital assets, and FinTech, with a strong reputation through the Bermuda Monetary Authority (BMA). It is not on any EU blacklist and meets international transparency and AML standards.

Bank account opening is possible, requiring full KYC, source of funds, substance planning, and clear business purpose required.

Important operational note: an “Exempted Company” is generally not permitted to conduct business in Bermuda’s local domestic market unless it holds the relevant license. Bermuda is primarily designed for international business activities.

Contact us for an individual assessment and, where appropriate, more suitable alternative solutions.

FAQs

Is it easy to obtain a VAT number?

Bermuda has no VAT or sales tax system, so a VAT number is not available.

How long does incorporation take?

Registration typically takes around 1–2 weeks, depending on the service provider and any regulatory approvals.

Is remote incorporation possible?

Incorporation is usually handled entirely remotely via Bermuda service providers. Opening the bank account is generally the most time-consuming step.

Is there a blacklist?

Bermuda is currently not on the EU list of non-cooperative tax jurisdictions.

Are there many banking options?

Compared with major financial centres, the number of local banks is limited. However, there are established licensed banks and—depending on structure and substance—access to international banking solutions.

Is a local managing director required?

Generally not for an Exempted Company. However, a registered office in Bermuda via a licensed service provider is required.

Which locations worldwide are best suited to paying as little tax as possible?

	Tax Burden	Banking	Reputation	Bureaucracy	Legal Security	Costs
USA	21-0%	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	from EUR 1,900
Singapore	0%	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	from EUR 2,950
Hong Kong	0%	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	from EUR 1,900
Cyprus	15%	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	from EUR 1,900
Malta	5%	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	from EUR 2,500
Ireland	12,5%	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	from EUR 1,950
Trust	0%	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	from EUR 4,900
England	25-19%	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	5 stars 4 stars 3 stars 2 stars 1 stars	from EUR 1,000

Tax compliance in your country of residence

Your country of residence may impose tax and reporting obligations for foreign business activities and dividend income—sometimes even if profits are not distributed.

Depending on your personal situation, an appropriate holding structure may be required to comply with tax regulations and avoid unnecessary tax risks.

To determine which jurisdiction and structure best meet your requirements, please use the contact form and describe your plans in as much detail as possible.

Our advisers will be pleased to review your case and advise you accordingly.

1.

Analyse your needs

We assess your situation to define objectives, risk tolerance, tax exposure, and asset-protection priorities.

2.

Carry out a location analysis

We compare potential jurisdictions based on tax law, banking access, compliance requirements, and your country of residence.

3.

Incorporate the company and, if needed, establish a foundation

Open accounts and custody accounts and, where required, implement the asset management.