Guide to establishing an office in Bermuda
There is no requirement that an exempted company establish a physical business office in Bermuda. In fact, the vast majority of exempted companies maintain all of their business functions (save of course for their registered offices) outside of the jurisdiction. However, certain companies do want a local office presence, perhaps to strengthen the company’s independence or to demonstrate that the ‘mind and management’ of the company is in Bermuda. This guide addresses the issues that arise when an exempted company seeks to establish a physical office in Bermuda.
Exempted companies are not permitted to hold an absolute or freehold interest in real property or land in Bermuda. As a general rule, only a local company is permitted to acquire such an interest in land. In the event that an exempted company wished to purchase land or physical premises, it would need to seek special permission from the government through the medium of a private act of the legislature.
The remainder of this section considers leasehold interests and issues arising from them…
If you are registered and logged in to the site, click on the link below to read the rest of the Mills & Reeve briefing. If not, please register or sign in with your details below.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Appleby
News from The Lawyer
Briefings from Appleby
Bermuda’s legal framework facilitates the creation of flexible and economically viable co-investment vehicles within a stable and business-friendly jurisdiction.
Feltham v Bouskell provides a cautionary tale for lawyers regarding the need to act quickly upon the receipt of instructions from elderly or ill clients.
Analysis from The Lawyer
The past quarter has been busy for the offshore sector as firms have looked to capitalise on globalisation, while workflow has remained high
Business is booming in the Isle of Man, a small jurisdiction that thinks big