Bermuda LLC

A Bermuda LLC is a hybrid of an offshore corporation (Bermuda Exempted Company) with a partnership into a unique corporate entity.  A LLC is an offshore corporation offering limited liability to its members (shareholders).  However, instead of corporate shares, a Bermuda LLC has members where each one has an interest in a capital account just like partners in a partnership.  The Bermuda LLC Act allows the freedom to establish flexible operational terms and management, as well as, the timing and amount of profits distribution amongst its members.
Key Features of Bermuda Limited Liability Company

Bermuda Limited Liability Company	Corporate Details
General
Type of Entity	Limited Liability Company
Registered Office in Bermuda	Yes
Shelf Companies allowed	No
Share capital or equivalent
Standard currency	Bermudan Dollar
Permitted currencies	Any
Minimum paid up	No
Directors
Minimum number	One
Local required	No
Publicly accessible records	Yes
Location of meetings	Anywhere
Corporate directorship allowed	Yes
Members
Minimum number	One
Publicly accessible records	No
Corporate shareholder allowed	Yes
Company Secretary
Required	Yes
Local or qualified	Yes
Accounts
Requirements to prepare	No
Audit requirements	No
Requirements to file accounts	No
Publicly accessible accounts	Yes
Other
Requirement to file annual return	No

Tax treatment
A Bermuda Limited Liability Company is Tax exempted.
 Duration to set up the company
One business day
  Advantages of Bermuda LLC:

• No taxes.
• Complete privacy.
• Separate legal entity.
• Control over fiduciary duties.
• Flexibility over managing its affairs and manner of merging or conversion.
• Only one member required for formation.
• Easy and low cost registration.
• No minimum authorized capital.
• English is the official language.   

The Valsen Advantage

• Speedy, Efficient and consistent Services.
• Relentless effort to obtain bank accounts.
• Expert advice on structuring options.
• Dedicated ongoing compliance support.