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.

Different Bermuda entity typesCostDraft invoice
Exempt companyUS$25,580Bermuda tax exempt company invoice
Branch of a foreign companyUS$20,600Bermuda branch invoice
Local companyUS$16,980Bermuda local company invoice
Exempt partnershipUS$16,950Bermuda 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