Bermuda Exempted Company
Bermuda Exempted Company filed under the Companies Act 1981 § 5 via a Magic-Circle-tier Bermuda firm. Supervised by the Bermuda Monetary Authority under the Digital Asset Business Act 2018. Bermuda is the only sovereign that has formally committed to building its national settlement layer on a public blockchain (Circle + Coinbase partnership announced at WEF 2026). Clean on EU + FATF lists. Beneficial Ownership Act 2026 enforcement begins Jun 1, 2026; pre-deadline formations get cleaner BOI verification throughput. Tier-1 crypto-credentialed wrapper; the natural alternative to Cayman Exempted for institutional treasury and digital-asset operators wanting government-level Bitcoin-business legitimacy on the letterhead.
- Tier
- REPUTABLE
- Formation
- up to 7 business days
- KYC
- Tier 2
- Renewal
- $4199/yr
What is the Bermuda Exempted Company and what does it cost?
Tier-1 Bermuda wrapper. DABA-aligned. It is $12,999 all-in / ₿0.16330402 / 16,330,402 sats, paid in Bitcoin or USDT, and formation takes 7 business days.
- Tier
- REPUTABLE
- All-in price
- $12,999 all-in / ₿0.16330402 / 16,330,402 sats
- Year-2 renewal
- $4,199/yr
- KYC tier
- Tier 2
- Formation time
- 7 business days
- EU / FATF status
- off both EU lists, off the FATF lists
What's included
- Bermuda Monetary Authority non-objection application: we draft and file
- Registrar of Companies incorporation filing + government fee ($1,995)
- Memorandum of Association
- Bye-laws (Bermuda Exempted variant)
- First Director and Subscriber Resolutions
- Year 1 resident representative service (statutory requirement)
- Beneficial Ownership Register filing under the BOR Act regime
- Sanctions screen + Tier 2 KYC
What's NOT included
- Year-2+ government fee + resident representative renewal (~$4,199/yr)
- Digital Asset Business Act (DABA) license application if you plan to operate as a regulated digital-asset firm (separate referral product; Class M / Class T / Class F tiers)
- Economic Substance Act 2018 annual filing for in-scope activity categories (separate compliance product)
- Bermuda bank account opening (separate post-formation flow; Tier-1 private-banking access available with full source-of-funds documentation)
- Director or officer search and engagement (referral basis to local executive-search firms)
- Mail forwarding
We list what's not included on every product page so there are no checkout surprises.
Operator-grade use case
The premium, crypto-credentialed REPUTABLE wrapper at the top of the platform price band. A Bermuda Exempted Company files under the Companies Act 1981 and is supervised by the Bermuda Monetary Authority, and Bermuda's digital-asset standing is unusual: the Digital Asset Business Act 2018 (DABA) is one of the most-cited crypto regulatory regimes globally, several of the largest US stablecoin and exchange operators hold Bermuda DABA Class F licenses, and the government committed at WEF 2026 to building its national settlement layer on a public blockchain. Bermuda is tier-1 and clean on the EU and FATF lists as of February 2026, with no public UBO register. This is a Tier 2 KYC SKU and an institutional onboarding, with a BMA non-objection on the path and the order settled in BTC or USDT via BitSettle.
Most appropriate for an institutional-scale crypto treasury, a fund, or a digital-asset firm that wants a tier-1, non-US, non-EU wrapper with government-level crypto credibility on the letterhead. Bermuda is the direct peer to a Cayman exempted company: both are tier-1 and clean on the lists, and Bermuda is the pick when you specifically want the digital-asset signaling and the option of a regulated DABA path under the same supervisor downstream. For counterparties, investors, or custodians who would apply heavy diligence to a cheaper offshore entity, paying for Bermuda up front removes that friction, and that reputational tier is the product.
Less ideal for most operators, because it is expensive and oriented to institutional scale. Year 1 is $12,999 all-in with a $4,199/yr renewal, and a solo founder who needs a holding company, an invoicing entity, or asset protection gets the same operational function from a Wyoming LLC, an Estonia OU, or a mid-tier offshore IBC for a small fraction of the cost. The Economic Substance Act 2018 also applies: a company carrying on a relevant activity such as financing and leasing, fund management, insurance, IP holding, shipping, or headquartering must meet real substance requirements in Bermuda, so verify your activity category before assuming the burden is light. And the Beneficial Ownership Act 2026, with enforcement beginning 1 June 2026, tightens beneficial-ownership reporting, so formations completed before the deadline see cleaner verification throughput.
What you'll need to hand us
- Email address
- Country of residence
- Intended use statement (free-text)
- Government-issued photo ID (passport or national ID)
- Proof of address (utility bill, bank statement, or government letter, dated within 90 days)
- Source-of-funds attestation (drop-down + free text)
- Optional: PEP and adverse-media screening consent
- Everything in Tier 1
- Beneficial owner declaration for every party with 25%+ ownership
- Source-of-wealth documentation (tax return, employment letter, salary, asset proof)
- Manual enhanced-due-diligence reviewer notes from our KYC partner
Operators usually pair this with
Cayman Exempted Company (Standard)
Cayman Exempted Company. Mid-market filing agent. KYC Tier 2.
Marshall Islands DAO LLC
The only fully automated DAO wrapper.
Apostille + Good Standing
Apostille + Good Standing for international banking.
Banking Introduction
Account-opening introductions + application prep. No guarantees, better odds.