Article
International Sanctions Measures
The Financial Sanctions Implementation Unit (FSIU) helps people and organisations in Bermuda comply with international sanctions. Find the legislation, sanctions lists and the latest sanctions updates.
Directors Register
Article
Limited companies
Setting Up a Business in Bermuda There are a few options for setting up a business in Bermuda. Your options depend on the nature of your business activities and whether you wish to conduct business in the local market. Generally speaking, formation of a limited company, partnership or LLC which does not require consent of the Minister of Finance may be accomplished within one day after an application is received. Where the consent of the Minister is required, the processing time is up to a week.
Article
Conducting Business in Bermuda
Local Companies A local company may apply to the Minister responsible for the Companies Act 1981 (the “Act”) for a licence to conduct business in Bermuda under section 114A of the Act (i.e. where Bermudian control is less than 60%). The issuance of such a licence is at the discretion of the Minister and may be for such duration and subject to such terms and conditions as the Minister may see fit to impose. When deciding whether or not to grant a licence, the Minister will be guided by whether...
Article
International Sanctions-2024
The Ministry of Legal Affairs Financial Sanctions Implementation Unit (FSIU) provides important and current information related to sanctions to assist you with Bermuda’s Sanctions Regime compliance. Every effort is made to ensure that this information is current but in order to ensure compliance with the most up-to-date sanctions measures, you are encouraged to refer directly to the relevant and Bermuda laws and to seek legal advice where necessary. As a way of providing information about the...
Real Estate Broker and Agent Licence Application
The Real Estate Brokers’ Licensing Act 2017 (the “Act”) came into operation on 2 October 2017. The Act replaces the Real Estate Agents’ Licensing Act 1976. The Act modernizes the operation and supervision of the real estate industry by the Superintendent of Real Estate, in accordance with international standards. The receipt of real estate licence applications will commence on 1 July each year.
Road Safety Plan 2018 - Operation Caution Solicits Feedback - Ministry of Transport and Regulatory Affairs
The Road Safety Plan 2018 – 2023 “Operation Caution” is divided into two phases – the Awareness phase and the Substantive phase. The plan’s objectives are as follows: 25% reduction in collisions 25% reduction in road deaths/fatal collisions Increased public awareness of road safety and road safety issues Comprehensive road safety education in schools Decrease in reported driving under the influence cases Features of the plan include increased Bermuda Police Service presence throughout the...
Bermuda Day Holiday - trash collection advisory
The Ministry of Public Works, is advising that due to the Bermuda Day holiday on May 25th, garbage normally collected on Friday will be collected on Saturday May 26th. TAG Recycling will be collected, per the 2018 Garbage and Recycling Schedule on Wednesday in the east and Thursday in the west. The once-a-week garbage collection schedule is still in effect, and copies of the detailed map showing which areas are serviced each day can be obtained from www.gov.bm . Recycling is being collected in..
International Sanctions 2017
The NAMLC provides important and current information related to sanctions to assist you with Bermuda’s Sanctions Regime compliance. Every effort is made to ensure that this information is current but in order to ensure compliance with the most up-to-date sanctions measures, you are encouraged to refer directly to the relevant legislation and laws and to seek legal advice where necessary. The primary Bermuda law that gives effect to international sanctions is the International Sanctions...
Real estate licensing
To: All Real Estate Brokers and Agents The Superintendent of Real Estate hereby advises that existing real estate broker and agent licenses will expire on 30 November 2017. The receipt of real estate license applications will commence on 14 November 2017. The Superintendent also provides the following update for your information: 2017/2018 Deadline Extensions We have provided extensions for the following submissions: Criminal Background Check Letters – 31 December 2017 Anti-Money Laundering...
