Bermuda Exempt Corporation

Bermuda Exempt Corporation
The offshore tax haven of Bermuda has long established itself as a top offshore jurisdiction. Bermuda specializes in the formation of offshore companies, the formation of offshore trusts, offshore banking and a whole range of other offshore services. The country enjoys economic stability unsurpassed by many of the world’s more developed countries. Offshore company formation has been going on in the tax haven of Bermuda since 1981making the jurisdiction one of the leaders in offshore in the Caribbean.
Features

Bermuda Exempt Company	Corporate Details
General
Type of Entity	Exempt Companies
Type of Law	English Common Law
Registered Office in Bermuda	Yes
Shelf company availability	Yes
Our time to establish a new company	2- 3 Weeks
Corporate Taxation	None
Access to Double Taxation Treaties	No
Share capital or equivalent
Standard currency	US Dollar
Minimum paid up	$ 1
Usual authorized	$ 12,000
Bearer shares allowed	No
Directors
Minimum number	1
Local required	No
Publicly accessible records	No
Location of meetings	Anywhere
Corporate directorship allowed	Yes
Members
Minimum number	1
Publicly accessible records	No
Corporate members allowed	Yes
Location of meetings	Anywhere
Company Secretary
Required	Yes
Local or qualified	Yes
Accounts
Requirements to prepare	Yes
Audit requirements	Yes
Requirements to file accounts	Yes
Publicly accessible accounts	No

Advantages

1. Provide privacy protection, without disclosing shareholders and directors
2. No tax shall be declarable and payable
3. No double taxation treaties with other countries
4. Company is granted listing in Hong Kong Stock Exchange

Why Valsen Fiduciaries

• Speedy and Efficient Service
• Guaranteed Bank Account
• Expert advice on structuring options
• Dedicated ongoing compliance support.