Alerts

Directors Register

To:  All Corporate Service Providers – section 92B Companies Act 1981

The Companies Act 1981 was amended by adding section 92B to provide for a Register of Directors in respect of Bermuda registered companies to be kept by the Registrar of Companies (the “Registrar”). Every company must now file with the Registrar a list of its directors.

The list of directors must contain the following information with respect to each director:-

  1. In the case of an individual, his present first name, surname and address; and
  2. In the case of a company, its name and address of the registered office.

(Although not mandated by the legislation, for the purposes of ease of identification, we recommend that Directors’ middle names and/or initial(s) be provided as well)

In order to facilitate the filing of the list of directors, the Registry has prepared a Microsoft Excel spreadsheet template which can be found at ROC Directory Template.xlsx and may be used by Service Providers to download all requisite directors’ information into the provided fields. Kindly email the completed template to directorsregister@gov.bm. The list of directors must be current as at the date of filing and the Registrar must be notified of any subsequent change in directors within thirty days of any such change.

The filing fee of $90.00 is applicable to all directors’ register filings and should preferably be made by wire transfer. Please refer to Directors' Register - Wire Details for details of the wire transfer account information.

The absolute deadline for the initial filing is 31 January 2017.  Please note that non-compliance with this provision after 31 January 2017 will result in default fines being imposed on companies and officers.

BANK

NAME

ACCOUNT NUMBER

CURRENCY

HSBC Bermuda

BERMUDA GOV-REGISTRAR OF COMPANIES

010-723971-501

USD

HSBC Bermuda

BERMUDA GOV-REGISTRAR OF COMPANIES

010-723971-001

BMD

Additional Information

  • The bank accounts are for the deposits pertaining to payments made to the Registrar of Companies and is not intended for transactions with other government departments. There will be delays in allocating funds not intended for the Registrar of Companies and the department will not be held responsible for any penalties incurred. 
  • Include the company registration number and /or transaction request (search, copies, etc.) in the bank reference field.
  • All bank fees are borne by the sender. Any shortages in fees will reflect as an underpayment and will generate a penalty, if applicable. Companies will be deemed to be non-compliant until the difference is paid in full. Contact HSBC for transaction fees.
  • Annual fees are deemed to have been received when the transaction appears on the Bermuda Government account- not on the date the funds were submitted. This must be taken into consideration when sending funds from other countries and other local banks that may require a longer period of time to process the funds. Contact HSBC for processing times.
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