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Bermuda Registrar of Companies New Registry System: Impact on Economic Substance Declaration Portal

The Bermuda Registrar of Companies (RoC) has advised that it will be launching the first phase of its new company registry system on 7 June 2021. Economic Substance Declarations that have been started must be finished and submitted by 3 June.

In an industry notice issued on 10 May, the RoC noted as follows:

1. New Registry System

The system will be launched on 7 June, with migration of data to the new system taking place from 27 May until 4 June. During this period, we understand that the RoC will not be able to enter any further data and the RoC will not be able to accept any applications. The RoC is offering a series of webinars to provide training on how to use the new registry system. These webinars will be recorded and made available here.

2. Economic Substance Declarations

As a result of the migration of data, the system will be in transition and Economic Substance Declarations that have been started must be finished and submitted by 3 June. Any unfinished declarations that have not been submitted by this date will be deleted and will need to be re-submitted. Existing accounts on the Economic Substance Portal will be carried over to the new system.

How can we help?

For more information, please contact your usual Conyers lawyer or any of those listed below.

 

To continue reading full articles in PDF format:
Bermuda Registrar of Companies New Registry System: Impact on Economic Substance Declaration Portal

 


Jason Piney
Director

Bermuda   +1 441 299 4993


Tracey Spevack
Head of Corporate Services Bermuda

Bermuda   +1 441 299 4942


Charles G.R. Collis
Director, Head of Bermuda Corporate Practice

Bermuda   +1 441 299 4918


Sophia Greaves
Director

Bermuda   +1 441 294 5929


Neil Henderson
Director

Bermuda   +1 441 298 7846


Anthony D. Whaley
Director

Bermuda   +1 441 299 4927


Christopher W.H. Bickley
Partner, Head of Hong Kong Office

Hong Kong   +852 2842 9556
Mobile  +852 6469 3356


Preetha Pillai
Director, Head of Singapore office

Singapore   +65 6603 0707


Eric Flaye
Counsel

London   +44 (0)207 562 0341


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