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Bermuda – New Regulatory fees to the Registrar of Companies
As of the 1st of January 2024, the Ministry of Finance and Government of Bermuda has implemented new regulatory fees for legal entities registered in Bermuda.
This change reflects the expansion of the scope of work of the Registrar of Companies in Bermuda (the Registrar) to include Economic Substance filings, AML/ATF compliance, maintenance of UBO registers and more.
As of 2024, the following regulatory fees will be applicable:
| Proposed Fee | Amount (BMD) |
|---|---|
| Annual Corporate Regulatory Fee – Local | 150.00 |
| Annual Corporate Regulatory Fee – Non local | 500.00 |
| Annual Partnership Regulatory Fee - Local | 150.00 |
| Annual Partnership Regulatory Fee – Non local | 500.00 |
| Filing fee for any document submitted pursuant to fulfilling a condition imposed by a Company’s Section 129A/11B license | 100.00 |
| Name reservations for companies and partnerships | 100.00 |
