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Legal Memoranda

Bermuda Exempted Limited Liability Companies

December 2020

This publication has been prepared for the assistance of those who are considering the formation of limited liability companies (“LLCs”) in Bermuda. It deals in broad terms with the requirements of Bermuda law for the formation and operation of such entities. It is not intended to be exhaustive but to provide brief details and information which we hope will be of use to our clients. We recommend that our clients and prospective clients seek legal advice in Bermuda on their specific proposals before taking steps to implement them.

Before proceeding with the formation of an LLC in Bermuda, persons are advised to consult their tax, legal and other professional advisers in their respective jurisdictions.

Copies of the Bermuda Limited Liability Company Act 2016 have been prepared and are available on request.

Persons considering establishing an LLC to be an investment fund should obtain separate advice from this Firm on that topic. An LLC may not carry on insurance business.

 

 

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Bermuda Exempted Limited Liability Companies

 

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