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 company||Branch office||Local company||Exempt partnership|
|Average engagement costs||US$25,580||US$20,600||US$16,980||US$16,950|
Other fee considerations
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The average Bermuda company registration period is 12 weeks as outlined below: