Valsen Corporate

Bermuda LLC

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.