Bermuda: Corporate/Commercial Law

The Beneficial Ownership Act 2025 consolidates Bermuda's beneficial ownership regime into comprehensive legislation that enhances transparency requirements to align with international standards. This guide examines the key obligations for Bermuda entities, including identification and verification requirements, maintenance of beneficial ownership registers, and filing obligations with the Registrar of Companies. Understanding these requirements is essential for entities operating in Bermuda to ensure compli

Company directors constitute fiduciaries under Bermuda law and therefore owe various duties to their company. The duties owed by the directors are founded in both legislation and the common law.

The Bermuda Economic Substance Regime has undergone significant administrative changes with the transfer of oversight from the Registrar of Companies to the Bermuda Corporate Income Tax Agency. Entities with a December 31, 2025 financial year-end face a June 30, 2026 filing deadline for their Economic Substance Declaration Forms, with new enforcement powers and penalty structures now in effect.