Every entity on our register makes an annual declaration through the online register. It is the yearly confirmation of who you are and what you do.
Who must file
- companies, and permit companies
- limited liability companies
- exempted partnerships and exempted limited partnerships
- overseas partnerships
What the declaration covers
- whether the entity carries on a relevant activity for economic substance purposes, and the type of activity
- since December 2024, information relevant to the administration of the Corporate Income Tax Act 2023
Corporate income tax information is not public
It is filed with us but not made available on a search of the register. We may share it with the CIT Agency.
RELATED
Economic substance declarations →
Corporate income tax information →
Annual returns of shareholdings
Separately from the annual declaration, a local company files an annual return of shareholdings under section 117 of the Companies Act 1981, and a local LLC files a return of holdings of LLC interests under section 17 of the Limited Liability Company Act 2016.
These are how a change in the sixty per cent Bermudian percentage becomes visible.
RELATED
The Bermudian ownership requirement →
Annual fees
| Annual fee | to confirm |
| Due date | to confirm |
A local company limited by guarantee that is not a mutual company pays no annual fee. Non-payment is a ground on which an entity may cease to be in good standing.