Setting up a Bermuda financial services company in 2021

Since 2003, Healy Consultants Group PLC assists multinational Clients set up financial services companies in Bermuda. These include i) financial technology (FinTech) ii) insurance technology (InsurTech) iii) cryptocurrency firms and iv) digital assets businesses.

  • Why set up a financial services company in Bermuda?

  • Types of company and their license requirements

    • A FinTech company utilises software and other technologies to improve and automate the use and delivery of financial services. FinTech licence applications are made to the Bermuda Monetary Authority (BMA).
    • An InsurTech company uses innovative technologies that are designed to maximise savings and efficiency from the contemporary insurance industry model. InsurTech licence applications are made to the BMA.
    • A Bermuda Digital Assets Business (DAB) is licensed by the BMA, which currently offers three different licenses: i) test ii) modified and iii) full. Clients conducting any of the following activities might need a DAB license:
      • Issuing, selling or redeeming virtual coins, cryptocurrencies, or tokens or any other form of digital asset.
      • Operating as a payment service provider business utilising digital assets which includes the provision of services for the transfer of funds.
      • Operating as a digital asset i) exchange or ii) trust services or iii) derivative exchange provider or iv) services vendor.
      • Providing custodial wallet services.
  • Our fees for setting up a Bermuda financial services company

    Our fees for setting up a Bermuda financial services company start from US$18,980. Visit this page for more information on our Bermuda company registration fees.
  • Conclusion

    Let our expert team help you set up a financial services company in Bermuda.

Contact us

For additional information on our company incorporation services in Bermuda, please contact our in-house country expert, Mr. Petar Chakarov, directly:
client relationship officer - Petar
  • Mr. Petar Chakarov
  • Client Engagements Manager
  • Contact me!
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