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.

Briefings from Appleby

  • Incorporating your business has many advantages

    Incorporation describes the process of forming a new legal entity (a company) that is recognised at law as a separate legal person.

  • Wealth Structuring 20:20 2014

    This feature publication aims to tap into the issues facing high-net-worth individuals around the globe, and investigate the themes and challenges affecting this elite group.

View more briefings from Appleby

Analysis from The Lawyer

View more analysis from The Lawyer

Overview

1st Floor
3 Copthall Avenue
London
EC2R 7BH
UK
http://www.applebyglobal.com

Total staff: 528
Partners: 64