Fees and timelines

Fees

Incorporation costs in Year 1 amount to US$9,600 and annual company costs in Year 2 and thereafter amount to US$2,130. The average fee per Bermuda engagement amounts to US$16,980, which includes company incorporation and opening a local corporate bank account and all Government fees. Refer to draft invoice embedded here.

 Exempt companyBranch officeLocal companyExempt partnership
Average engagement costsUS$23,580US$20,600US$16,980US$16,950
Draft invoiceBermuda tax exempt company invoiceBermuda branch invoiceBermuda local company invoiceBermuda LP invoice

Click here to create your own Bermuda invoice

Timelines

The average Bermuda company registration period is 12 weeks as outlined below:

bermuda business registration engagement period timeline

  • Preparing a detailed project plan;
  • Our Client confirms the corporate structure;
  • Collecting due diligence from our Client.
  • Our Client signs the corporate bank account opening forms;
  • Healy Consultants prepares a business plan;
  • Healy Consultants visits the bank for interview;
  • The Bank Legal and Compliance Department review and approve the banking application;
  • The Bank Front Office email corporate bank account numbers to our client.
  • The Bank Operations Department mails the internet username and passwords to our Client;
  • Some of our Clients’ request Healy Consultants to activate the internet banking on their behalf.
  • Healy Consultants confirms all Client due diligence is received;
  • Healy Consultants couriers to our Client the complete original company and bank account documents;
  • Our Client completes our web page feedback survey;

Contact us

For additional information on our company registration services in Bermuda, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Mr. Petar Chakarov, directly:
client relationship officer - Petar
bermuda-tourism bermuda monetary authority bermuda ministry of finance bermuda-customs bermuda business development agency