Memorandum of Incorporated Segregated Account
Memorandum of Incorporated Segregated Account for an Incorporated Segregated Account (ISA) limited by shares, required under the Incorporated Segregated Accounts Companies Act 2019 to establish an ISA in Bermuda.
Registrar of Companies
Overview
This memorandum is used to establish and incorporate an Incorporated Segregated Account (ISA) limited by shares under the Incorporated Segregated Accounts Companies Act 2019. It records the ISA's name, subscribers, authorized share capital, objects, and the powers of the ISA.
Who needs this
Anyone establishing and incorporating a new Incorporated Segregated Account (ISA) limited by shares in Bermuda.
What you need
- Name of the ISA
- Subscriber names and addresses, Bermudian status, nationality, and number of shares subscribed
- Authorized share capital and share value
- The objects for which the ISA is formed and incorporated
- Provisions regarding the powers of the ISA
- Signatures of each subscriber, witnessed
How do I apply
Download and complete the Memorandum of Incorporated Segregated Account, with each subscriber signing in the presence of at least one witness attesting the signature. Submit the completed memorandum to the Registrar of Companies.