Alexanders invites you to explore our solutions …
… and discover the Family Office Advantage in Bermuda.
FAMILY OFFICE SOLUTIONS – a Framework for Empowering Your Legacy
Transform your family office journey by choosing Bermuda as your strategic business hub. We invite you to immerse yourself in a realm where our business-friendly ecosystem boasts the epitome of professional excellence, regulatory resilience, and the captivating allure of our beautiful landscape and vibrant culture.
WHY BERMUDA?
Bermuda’s captivating beauty, rich culture, and business-friendly environment make it a prime destination for conducting international business. Sophisticated corporate and financial products and professional services create an ideal atmosphere for global enterprises, including family offices.
- Proximity to Global Markets
- Well-Defined Regulatory Frameworks
- Established Financial Sector
- Business-Friendly
- Professional Excellence
- Resilience and Stability
- Cultural Charm
Alexanders invites you to explore our solutions and discover the Family Office Advantage in Bermuda.
INVESTMENT MANAGEMENT AND FUNDS – Unlocking Opportunities for your Wealth Management Strategy
Bermuda’s legislative framework encourages transparent and secure investment practices. Activities related to investment management and funds are regulated by the Bermuda Monetary Authority (BMA).
LEGISLATIVE FLEXIBILITY AND INNOVATION
Bermuda takes pride in its commitment to adaptability, constantly revising its legislation to align with global standards and to meet evolving market needs. Positioned as a global leader, Bermuda ensures ongoing modernization of its legislative frameworks to remain both flexible and competitive.
TRUST SOLUTIONS – World-Renowned Products and Expertise
Bermuda’s trust products can accommodate various estate, personal, financial, tax, or business planning objectives.
Globally recognized for its trust structures and industry professionals, Bermuda continues to evolve its trust regime through collaboration between Government authorities and industry experts.
ELEVATED PERFORMANCE – Options for Charity and Philanthropy, Luxury Assets and Professional Services
CHAMPIONING CHARITABLE INITIATIVES
The primary legislation governing charities in Bermuda is the Charities Act of 2014. However, depending on the organizational structure, additional legislation may apply.
Charitable trusts, purpose trusts, and companies limited by guarantee are commonly used for charitable and philanthropic endeavors. These structures provide flexibility and adaptability to suit the unique goals and missions of various initiatives.
Family offices interested in supporting charitable causes can also explore collaborative opportunities with existing registered Bermuda charities, which actively engage in a wide spectrum of impactful activities.
AVIATION AND MARITIME EXCELLENCE
Bermuda stands as a premier choice for registration of both private aircraft and yachts, drawing upon its extensive expertise in these industries. Experienced professionals can guide clients through the registration process and can assist with any associated financing and leasing transactions.
COMPREHENSIVE PROFESSIONAL SERVICES
Family offices benefit from a wide spectrum of specialized services provided by licensed professionals, ensuring a holistic approach to financial management and wealth preservation. Professional services offered include, but are not limited to:
- Audit, Accounting, Tax, and Estate Planning Services: Assistance developing and implementing plans, strategies
and compliance activities. - Banking and Private Wealth Management Services: Tailored banking and private wealth management services
designed to optimize financial portfolios and ensure efficient wealth growth and preservation. - Bermuda Stock Exchange listings: Offering securities available for purchase by retail investors on the Bermuda Stock Exchange; Stocks, Bonds and Mutual Funds.
- Corporate Secretary and Administration Services: Corporate secretarial services to handle administrative tasks, compliance and corporate governance matters.
- Fund Administration: Expert handling of tasks required to administer funds while ensuring compliance with regulatory requirements.
- Investment Management Services: Strategic investment management services to maximize returns and align investment portfolios with the long-term goals of the family office.
- Legal Services: Expert legal counsel providing general and specialized guidance on legal and regulatory matters, as well as a range of corporate transactions including mergers, acquisitions, corporate restructuring and other matters.
- Multi-Family Office Services: Comprehensive multi-family office services offering a centralized approach to managing and supporting the diverse financial needs and goals of multiple families.
- Risk Management and Insurance Services: Strategic risk assessment and insurance solutions to mitigate potential threats and safeguard family wealth against unforeseen challenges.
- Trustee Services: Licensed trustee services to safeguard and administer family assets while ensuring adherence to legal and fiduciary responsibilities.
Our team at Alexanders can help you …
- Define Your Objectives: Determine the primary goals and functions of your family office. This could include wealth management, estate planning, tax optimization, philanthropy, and more.
- Choose the Right Structure: Decide on the legal structure for your family office. Bermuda offers various options, including exempted companies, trusts, and partnerships. Consulting with a local attorney can help you choose the best structure for your needs.
- Regulatory Compliance: Ensure compliance with Bermuda’s regulatory requirements. This includes registering your family office with the Bermuda Monetary Authority (BMA) and adhering to anti-money laundering (AML) and know-your-customer (KYC) regulations.
- Hire Professionals: Assemble a team of professionals, including legal advisors, accountants, investment managers, and administrative staff. Local expertise is crucial for navigating Bermuda’s legal and financial landscape.
- Office Setup: Establish a physical presence in Bermuda. This involves securing office space, setting up IT infrastructure, and ensuring you have the necessary operational support.
- Tax Planning: Take advantage of Bermuda’s tax benefits. While Bermuda does not have income, capital gains, or inheritance taxes, it’s essential to structure your family office to maximize these benefits.
- Ongoing Management: Implement robust governance and management practices. This includes regular financial reporting, compliance checks, and strategic reviews to ensure your family office meets its objectives.
- Engage with the Community: Participate in Bermuda’s financial and business community. Networking with other family offices and financial institutions can provide valuable insights and opportunities.
Please contact us and learn more about the Family Office Advantage in Bermuda and Services we offer.
