Shareholders
A minimum of one shareholder is required and bearer shares are not permitted. The beneficial ownership of the company must be revealed to the Government at the time of incorporation.

Directors
A minimum of 3 directors is required and there must be sufficient directors resident in Bermuda to allow for a quorum to be present. Meetings of directors and of shareholders may be held outside of the island. A register of directors and officers must be kept at the registered office. The register is open to inspection by the general public.

Annual Reporting
An exempt company is not required to file a financial report or tax return.

Local Requirements
The local company law requires that an exempt company maintain a registered office address within Bermuda. A minimum of 2 directors must be a resident in Bermuda.

Professionals
Professional standards are high in Bermuda. Major international firms are represented in Bermuda.

BANKING CONFIDENTIALITY
Bermuda does not have BANKING CONFIDENTIALITY codified into law, but they claim no information will be divulged for issues concerning tax evasion. However, Bermuda has signed a treaty with the US allowing for an exchange of information for matters concerning tax fraud and money laundering.

From the date the incorporating attorney in Bermuda receives all required documentation, it normally takes approximately three to five days for the company to be incorporated. 'Shelf' companies are not available in Bermuda.

　　　　　　　　　　　　　　 >>　1　 2 　3　4　　<<