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…
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