Bermuda has a substantial charitable, or not-for-profit, sector with approximately 290 charities currently registered pursuant to the Charities Act 2014, as amended (the “Act”). This figure does not take into account the many additional charitable organisations that qualify for more limited registration requirements under the Act. The jurisdiction has shown a consistent commitment to providing a robust legal framework that meets the diverse needs of both the local and international communities.
At present, an exclusively charitable organisation which is privately funded (i.e. does not solicit funds from the Bermuda public) is not subject to the full registration requirements under the Act; rather they are subject to a more limited form of registration, as described below.
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Establishing an International Charity in Bermuda