THE FORMATION OF LOCAL (BERMUDA) COMPANIES
Most local / Bermuda companies can be formed by registration within two weeks from the date when complete instructions are received at our offices. Bermuda company law specifically requires a company to maintain at its registered office, records of its financial affairs sufficient so as to show a true accounting on a quarterly basis and further, that such accounts be audited each year (subject to deferral). There is no requirement that such audited accounts be filed with any governmental authority or body, although they may be required be made available for inspection in certain circumstances.
