This publication has been prepared for the assistance of those who are considering the formation of permit companies in Bermuda. It deals in broad terms with the requirements of Bermuda law for the establishment and operation of such entities. It is not intended to be exhaustive but merely 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 seeking to obtain a permit for an overseas company to carry on trade or business in Bermuda, persons are advised to consult their tax, legal and other professional advisers in their respective jurisdictions.
Copies of the Bermuda Companies Act 1981, as amended, have been prepared and are available on request.