REGISTRAR OF COMPANIES GOVERNMENT FEES AMENDMENT REGULATIONS 2023

Notice type
Government Notice
Public Notification
Notice ID
GN0311/2023
Public Authorities / Department
Registrar of Companies
Publication date

Registrar of Companies

New Fees in effect from April 1, 2023

 

 

GOVERNMENT FEES AMENDMENT REGULATIONS 2023

 

 

Head 16 – Companies Act 1981

 

(1)

Considering an application to be registered under section 6

$340

1(A)

reserving the name of a company under section 6A

$100

(2)

Registering a memorandum of association under section 14

$100

(3)

Applying to alter a memorandum of association under section 12

$200

(4)

Registering any alteration of a memorandum of association (other than an alteration of share capital as provided under section 45)

$100

(5)

Applying to amend a provision of a private Act incorporating a company under section 286

$200

(6)

Registering any amendment to a private Act pursuant to section 286(4)

$100

(7)

Applying for approval of a change of name under section 10(1)

$100

(8)

Registering a change of name and issuing a certificate of change of name under section 10(3)

$100

(9)

Filing a prospectus under section 26

$100

(10)

Filing a memorandum of increase of share capital in accordance with section 45

$100

(11)

Filing a memorandum of reduction of share capital under section 46

$100

(12)

Filing a return of shareholdings under section 117

$55

(13)

Filing of particulars by an overseas company under section 142

$100

(14)

Applying for a permit to establish a place of business in Bermuda under section 134

$350

(15)

Registering a scheme of arrangement under section 99(3)

$100

(16)

Making available for inspection by a member of the public a document, register or index in the custody of the Registrar of Companies

$13

(17)

 Registering—

  
 
  1. under Part V of the Act any charge that may be registered thereunder on the assets of a local company

$200

 
  1. under Part V of the Act any charge that may be registered thereunder on the assets of an exempted company or an overseas company—
  
 
  1. where the amount secured is $1,000,000 or less

$400

 
  1. where the amount secured is over $1,000,000

$700

 
  1. particulars of a series of debentures under Part V of the Act

$100

 
  1. complete or partial satisfaction of mortgage or charge under section 59

$100

 
  1. the appointment of a receiver or manager under section 60(1)

$100

(18)

Filing notice of ceasing to act as a receiver or manager under section 60(2)

$100

(19)

Registering or filing any document by this Act required or authorised to be delivered, sent or forwarded to the Registrar other than a return of shareholdings or a prospectus or the memorandum or the abstract required to be delivered to the Registrar by the liquidator of a company in a winding-up or any document the fee for which is specifically provided

$100

(20)

Preparing a copy of any document by a public officer (fee is for each page)

$3

(21)

Searching by a public officer of the records maintained by the Registrar of Companies for the purpose of obtaining a certificate that the Companies Act 1981 has been complied with

$100

(22)

Issuing a prescribed form

$4

(23)

Issuing a certificate of sanction to acquire land under section 120

$200

(24)

Certifying and sealing a copy of any document or set of documents

$100

(25)

Issuing a certificate of sanction for the holding of a general meeting under section 72(2)

$100

(26)

Applying to amalgamate companies under section 104 or 107—

  
 
  1. two companies

$200

 
  1. each additional company

$90

(27)

Applying for directions under section 25(5)

$200

(28)

Applying to restore a company to the Register

$200

(29)

Registering an order to restore a company to the Register under section 261(6)

$100

(30)

Applying to rectify a registered charge under section 56

$100

(31)

Applying for continuance under section 132C(1)

$450

(32)

Filing a notice of discontinuance under section 132H(1)

Fee equivalent to annual fee as set out in Part II of the Fifth Schedule to the Companies Act 1981

(33)

Registering the change of currency denomination of share capital under section 45(3)

$100

(34)

Applying by a company limited by shares to be re-registered as an unlimited liability company under section 14A(1)

$200

(35)

Registering a company to be re-registered as an unlimited liability company under section 14A(1)

$100

(36)

Filing an affidavit relating to financial assistance under section 39C

$100

(37)

Registering amalgamated companies under section 108

$100

(38)

Applying by permit company to vary the terms of its permit under section 138

$200

(39)

Application by a company under section 4A for consent of the Minister to acquire or hold land under paragraph (c) of the Ninth Schedule

$200

(40)

Application for approval of jurisdiction under section 104B(2)(d)(ii) or 132G(e)(ii)

$400

(41)

Filing notice of amalgamation or merger under section 104C

Fee equivalent to annual fee as set out in Part II of the Fifth Schedule to The Companies Act 1981 for each exempted company amalgamating or merging

(42)

Application for a licence under section 114A for a local company to carry on business in Bermuda

$2,205

(43)

Application for a licence under section 129A for an exempt company to carry on business in Bermuda

$2,205

(44)

Making available for inspection by a member of the public a document, register or index in the custody of the Registrar of Companies pertaining to dissolved or struck-off companies

$30

(45)

Fee payable on application for conversion of an exempted company to a partnership that is both limited and exempted under section 132N

$450

(46)

Filing a list of directors and any changes in such directors under section 92B

$100

 

 

New fees under Head 16 - Companies Act 1981

  

(47)

Filing a declaration of solvency under section 206

$100

(48)

Filing a notice of appointment by a liquidator under section 228

$100

(49)

Filing a notice that a company has been dissolved in a members voluntary liquidation under section 213

$200

(50)

Filing a notice and account of final meeting in a creditor’s voluntary liquidation under section 223

$200

(51)

Filing an order to have questions determined or powers exercised under section 231(3)

$100

(52)

Filing an order for the stay in winding-up by the Court where persons other than the Official Receiver is appointed under section 184

$100

(53)

Filing a dissolution order under section 200(2)

$100

(54)

Filing an order of registration under section 223(5)

$100

(55)

Filing a court order declaring dissolution of company void under section 260(2)

$100

(56)

Filing a certified cash book certificate under rule 129 of the Companies (Winding-Up) Rules 1982

$100

(57)

Application to alter a term or condition of an existing licence issued under section 129A or 114B

$200

(58)

Application for a Ministerial consent (such as share transfers, etc.) pursuant to conditions imposed by a licence issued under section 129A or 114B

$200

(59)

Application for residential lease consents under section 120(4)(b) and section 129(1)(ii)

$100

(60)

Application for direction or permission where no committee of inspection is established in the case of a winding-up under section 183

$100

(61)

Application to alter clause or conditions of an existing permit under section 138

$200

(62)

Application to cancel a permit of an overseas company under section 139(gb)

$100

     
     
 

Head 36A – Incorporated Segregated Accounts Companies Act 2019

  
     

(1)

Applying to register an incorporated segregated accounts company under section 5

$265

(2)

Applying to register an incorporated segregated account under section 10

$295

(3)

Issuing certificate of registration of an ISAC under section 13

$100

(4)

Amendment of certificate of registration under section 14

$190

(5)

Cancellation of registration of an ISAC or an incorporated segregated account under section 15

$200

(6)

Removal of ISAC or incorporated segregated account from Register under section 16

$340

(7)

Change of incorporated segregated account representative

$100

(8)

Registering a transfer agreement for transfer of incorporated segregated account between ISAC under section 35

$450

(9)

Registering the transfer agreement of a non-registered company to incorporated segregated accounts company under section 36

$450

(10)

Amalgamation or merger of two ISAC or two incorporated segregated accounts pursuant to section 37

$200

(11)

Registering each additional company or additional incorporated segregated account

$90

(12)

Continuance of incorporated segregated account as a company under the Companies Act 1981

$450

(13)

Applying for the Registrar’s consent to wind up an ISAC or an incorporated segregated account under section 49(4)

$100

     
 

Head 40 – Limited Liability Company Act 2016

  
     

(1)

Fee to accompany application for Authority’s consent under section 30(2)

$340

(2)

Filing of initial certificate of formation under section 30(1), or making an application regarding the reservation or change of name under section 7(2)

$100

(3)

Registering a secondary name under section 8

$100

(4)

Filings for certificate of formation—

  
 
  1. certificate of amendment of formation under section 32(1)

$100

 
  1. certificate of cancellation of certificate of formation under section 33

$100

 
  1. certificate of amendment or cancellation under section 36

$100

 
  1. restated certificate of formation under section 38

$100

 
  1. certificate of correction under section 39

$100

 
  1. certificate of merger or amalgamation under section 36

$100

 
  1. certificate of conversion under section 36

$100

 
  1. any other certificate or notice which may be required under section 36 for which a fee is not specifically provided herein

$100

(5)

Filing a return of holdings under section 17

$55

(6)

Applying to amalgamate or merge under sections 86, 87, 88 or 93

  
 
  1. amalgamation or merger of any two entities

$200

 
  1. each additional entity that is a party to an amalgamation or merger

$100

(7)

Filing a notice of amalgamation or merger of an LLC and a foreign entity and continuance as foreign entity under section 89

$1,000

(8)

Registering an amalgamated LLC or surviving LLC under section 94

$100

(9)

Filing a certificate of continuance as an LLC under section 96

$450

(10)

Discontinuance of exempted LLC to foreign jurisdiction under section 97

$1,000

(11)

Filing a notice of discontinuance under section 98

$450

(12)

Filing a certificate of conversion, whether to or from an LLC under sections 100 or 101

$450

(13)

Filing a certificate of conversion of an exempted LLC to an exempted limited partnership under section 102

$450

(14)

Filing a certificate of conversion of an exempted limited partnership to an exempted LLC under section 103

$625

(15)

Making available for inspection by a member of the public a document, register or index in the custody of the Registrar of Companies pertaining to active LLCs

$15

(16)

Application for consent of Minister under section 67

$350

(17)

Applying for consent to take any mortgage of land in Bermuda under section 24(b)

$200

(18)

Applying to restore an LLC to the Register under section 210(6)

$200

(19)

Registering an order to restore an LLC to register under section 210(6)

$100

(20)

Registering—

  
 
  1. under Part 14 of the Act any charge that may be registered thereunder on the assets of a local LLC

$200

 
  1. under Part 14 of the Act any charge that may be registered thereunder on the assets of an exempted LLC—
  
 
  1. where the amount secured is $1,000,000 or less

$400

 
  1. where the amount secured is over $1,000,000

$700

 
  1. particulars of a series of debentures under Part 14 of the Act

$100

 
  1. complete or partial satisfaction of mortgage or charge under section 227

$100

 
  1. the appointment of a receiver or manager under section 228(1)

$100

 
  1. notice of ceasing to act as a receiver or manager under section 228(2)

$100

(21)

Applying to rectify a registered charge under section 224

$100

(22)

Registering or filing any document by this Act required or authorised to be delivered, sent or forwarded to the Registrar and for which a fee is not specifically provided herein

$100

(23)

Preparing a copy of any document by a public officer (fee is for each page)

$3

(24)

Searching by a public officer of the records maintained by the Registrar of Companies for the purpose of obtaining a certificate that the Limited Liability Company Act 2016 has been complied with

$100

(25)

Issuing a prescribed form

$4

(26)

Certifying and sealing a copy of any document or set of documents

$100

(27)

Making available for inspection by a member of the public a document, register or index in the custody of the Registrar of Companies pertaining to dissolved or struck-off companies

$30

(28)

Annual fee payable in accordance with section 253

$900

(29)

Maintaining and updating the Register of Managers by the Registrar in accordance with section 59

$100

(30)

Application for a licence under section 12 for a local LLC to carry on business in Bermuda

$2,205

(31)

Annual fee for a licence to carry on business in Bermuda under section 14

$1,050

 

 

Head 65 – Real Estate Brokers’ Licencing Act 2017

  
     

(1)

Issuing or renewing an annual broker’s licence under section 14

$705

(2)

Issuing or renewing an annual agent’s licence under section 14

$120

 

 

New fee under Head 65 – Real Estate Brokers’ Licencing Act 2017

  

 

 

 

(3)

Submitting an annual auditor’s report by brokers under section 23

$100

     
 

 

Head 72 – Segregated Accounts Companies Act 2000

  
     

(1)

Application under section 6 to register a Segregated Accounts Company

$310

(2)

Application under section 7 to remove a Segregated Accounts Company from the register

$100

(3)

Application under section 10 to change the appointment of a segregated account representative

$100

(4)

Application under section 24(3) for the Registrar’s consent to voluntarily wind-up the Segregated Accounts Company

$100

(5)

Application under section 26 for a direction by the Minister that certain provisions shall not apply or shall apply with modifications to the Segregated Accounts Company

$100

 

MISCELLANEOUS FEES AND PENALTIES ACT 2023

 

The Companies Act 1981 – Section 114C

  

(1)

The issue of a licence to a local company which is granted under this Act

$1,050

(2)

Due on or before the 31st day of January of every year after the year in which a licence has been granted to a local company, during the subsistence of such licence

$1,050

 

 

Exempted Partnerships Act 1992

  

(1)

Fee to reserve the name of a limited or exempted partnership

$100

 

 

Real Estate Brokers’ Licensing Act 2017

  

(5A)

Where a broker has failed to submit a report in accordance with
subsection (5), the Superintendent may, if satisfied the failure is not the result of wilful neglect or default, accept the late submission of such report

$200

 

 

Real Estate Brokers’ Licensing Regulations 2017

  

(4)

Where the holder of a licence has failed to renew such licence on or before the 20 September next after that licence is issued, the Superintendent may, if satisfied the failure is not the result of wilful neglect or default, accept the late submission of the application to renew the licence

$200

 

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