Bermuda — governance guide
A practitioner reference for Bermuda, generated from the GovernOS rules engine. Always current with the jurisdiction packs.
At a glance
Regulators & portals
Registrar of Companies (ROC)
Company registry
Bermuda Monetary Authority (BMA)
Financial regulator
Office of the Tax Commissioner (OTC)
Tax authority
Entity types
Exempted Company (Companies Act 1981)
min 1 director(s) · secretary required
Local Company
min 1 director(s) · secretary required
Segregated Accounts Company (SAC)
min 1 director(s)
Bermuda Insurer / Reinsurer
min 1 director(s)
Investment Fund
min 1 director(s)
How to — common actions & what each requires
File annual return
board (50%)
Annual Declaration (assessable capital)
BM-Annual-Fee (due T+31d)
Companies Act 1981, s.14A
file-economic-substance-return
board (50%)
Economic Substance Declaration
BM-ESD (due T+183d)
Economic Substance Act 2018, s.7
File beneficial ownership
board (50%)
Beneficial Ownership Register
BM-BOR (due T+14d)
Beneficial Ownership Regulations 2018
file-corporate-tax-return
board (50%)
Corporate Income Tax Return (MNE)
BM-CIT-Return (due T+365d)
Corporate Income Tax Act 2023
Add director
board (50%)
Directors Resolution — Appointment; Consent to Act as Director
BM-Notice-Director (due T+30d)
Companies Act 1981, s.92A
Remove director
shareholders (50%)
Members Resolution — Removal of Director
BM-Notice-Director (due T+30d)
Companies Act 1981, s.93
Issue shares
board (50%)
Directors Resolution — Allotment; Share Certificate
none
Companies Act 1981, s.45A
Transfer shares
board (50%)
Instrument of Transfer; Share Certificate (transferee)
none
Companies Act 1981, s.45
register-charge
board (50%)
Particulars of Charge
BM-Charge-Reg (due T+0d)
Companies Act 1981, s.55
Prepare AGM
board (50%)
Notice of Annual General Meeting; AGM Minutes
none
Companies Act 1981, s.71-76
Amend constitution
shareholders special (75%)
Special Resolution — Amendment of Bye-laws
BM-Bye-laws (due T+30d)
Companies Act 1981, s.13
Reference only — not legal advice. Rule packs are directionally accurate and being legally validated per jurisdiction.