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Only US$199 |
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It may surprise you to learn that the number one reason for people moving money offshore is not because of tax benefits but asset protection. Today's predaceous and litigious society unfortunately makes successful people vulnerable to lawsuits of every kind.
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Why Bermuda?
Having pioneered offshore business, Bermuda is home to more than 59,500 international companies and partnerships, an insurance and re-insurance industry with total assets in excess of $500 billion, an investment fund industry of over 15,000 funds with assets in excess of $130 billion and the world's premiere offshore stock exchange with a market capitalization in excess of $260 billion. Over 85 of the Fortune 100 companies have operations in Bermuda. Isn't it time your business was here? Bermuda is the world's leading offshore financial center. The Island has been a British Colony since 1609 and remains today the oldest self governing British Dependant Territory. The legal system is based on British Common Law and the Island can boast centuries of political, social and economic stability, with a long tradition of Parliamentary rule. |
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Bermuda offers a wealth of sophisticated corporate management services, local management consultants, and management services companies, as well as trust companies and brokerage firms.
Both the Bermuda Dollar and the U.S. Dollar, which are trade at par with each other, are regularly accepted as currency. Banks will set up accounts in either currency. Bermuda , situated in the Atlantic ocean, is a self-governing British colony and its large, respected financial center has been in operation for more than 20 years. Income per head is among the highest in the world on Bermuda Service charges are also generally higher than those in other offshore centers. Bermuda has no estate duties, income tax or capital gains tax, and no double taxation treaties of any kind. Bermuda is widely recognized as an excellent location in which to establish trusts, with "purpose" trusts being available as well as those favoring beneficiaries. Settlers can choose law governing the trust and the details do not have to be disclosed or registered with any public body. Objectives of the Registrar of Companies |
Bermuda; The Quiet Jurisdiction 
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The Registrar of Companies (ROC) is a department within the Ministry of Finance which, along with other government agencies and the private sector, helps to ensure Bermuda remains a high quality and stable center for offshore business. The ROC performs many functions, including the following:
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The Bermudan Insurance Act has been modified to establish four new classes of insurance. There are also plans afoot to establish three new categories of collective investment schemes, fine-tuning one of the islands' major areas of activity. There are currently 633 such schemes operating out of Bermuda , with an aggregated net asset value of US$18 Billion.
Double Taxation agreements: None. British Capital Group serves as registered agent and trustee as required, but also provides investment management as well as trust administration, opening of offshore bank accounts, opening of offshore securities accounts, also provides storage of documents and records and of course signs as trustee on necessary transactions. The present costs of incorporating a general exempt company is US$199 in various disbursements and does not include the government application and registration fees. British Capital Group is licensed by the Financial Services Commission and the World Security Commission to act as a company manage. British Capital Group offer a complete range of company formation and management services, including provision of registered office, directors and secretary, maintenance of statutory books and the holding of meetings and filing of returns, Companies can be formed in 24 hours, but our "off the shelf" companies can be immediately available. |
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| Type of Company | IBC |
| Political Stability | Excellent |
| Common or Civil Law | Common |
| Disclosure of Beneficial Owner | No |
| Migration of Domicile Permitted | Yes |
| Tax on Offshore Profits | Nil |
| Language of Name | Latin or other alphabets |
| Minimum Number of Shareholders | One |
| Minimum Number of Directors | One |
| Bearer Shares Allowed | Yes |
| Corporate Directors Permitted | Yes |
| Company Secretary Required | No |
| Standard Authorized Share Capital | US$ 12,000 |
| Registered Office/Agent | Yes |
| Company Secretary | No |
| Local Directors | No |
| Local Meetings | No |
| Government Register of Directors | No |
| Government Register of Shareholders | No |
| Annual Return | No |
| Submit Accounts | No |
| Minimum Annual Tax/License Fee | US$ 1,680 |
| Annual Return Filing Fee | US$ 50 |
Mailing, Fax, Telephone And Office Facilities: As part of the domiciliary service fee we provide clients with a registered office address in the country of incorporation but clients may find it convenient to arrange for mail forwarding, fax and telephone facilities through our Switzerland, Cayman Islands, London or other British Capital Group's world-wide offices. This service may be especially useful where, for example, the company is opening bank accounts. Normally the bank would address statements and other correspondence to the company at the address of the client but this results in a loss of confidentiality in that the connection between the company name and the client will be automatically made.
To safeguard against this mail can be directed to our offices and we can re-mail those letters in a plain envelope addressed to the client or otherwise as the client directs. An additional advantage of using our re-mailing services is that the provision of a re-mailing address through one of our prestigiously located offices in the onshore jurisdictions may allow the offshore company to appear to be domiciled on-shore and thereby give that company an added degree if respectability.
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For example, your offshore company could quote British Capital Group London office address on its letterhead and thereby appear to be domiciled in the UK. This procedure is particularly attractive if the Hong Kong address is used as a Hong Kong company is not required to quote its registered office address on its letterhead. Thus if an offshore company were to quote a Hong Kong address it would be indistinguishable from the letterhead, from a normal Hong Kong trading company.The charge for this service is only $275 per annum.
Trust Services: Using a trust to own the shares of an offshore company can result in very substantial tax and non-tax related advantages which will accrue both on death and during the lifetime of the trust settler. These advantages may include: Saving Of Inheritance Tax: On death, the Inheritance tax which would normally be assessed on the value of shares would generally be eradicated. Asset Protection: Assets placed into trust are generally beyond the reach of creditors who might arise as a result of financial difficulties, divorce proceedings, litigation, etc. Avoidance Of Probate: A trust provides a means whereby assets can be smoothly passed on to the next generation without the disruption, delays substantial costs, loss of confidentiality associated with the probate procedure which necessarily follows when assets are bequeathed by will. Continuity: Trusts provide a means whereby assets can continue to be administered in accordance with the wishes of the settlor after his death so the weak can be protected from others and the spend-thrift can be protected from himself. Lifetime Tax Savings: During lifetime, substantial income and capital gains tax advantages may result from setting up the trust. Using the service of one of our licensed trust companies, we are pleased to act as trustee for a suitably drafted discretionary trust and the cost of this service would be from US$500 for setting up the trust deed and from US$500 per annum for the provision of trustee services. |
Offshore; Your Road To Success 
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Other Services:
British Capital Group provides a wide range of administrative and documentary services including, but not limited to legalization and notarizing of documents, credit cards, yacht and ship registration, invoicing, documentary trade services, trade finance applications, accounting, consulting and immigration services.
VIP Package: For one payment US$599 British Capital Group will provide the following:
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Bermuda; The One And Only 
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Confused?
The average person is frequently confused by the complexity of international tax planning and discouraged by the substantial costs involved in an offshore company formation or registering of a bank or trust in a tax haven. The registration costs and ongoing yearly administration expenses frequently exceed what the average person could save in taxes. British Capital Group has a new program to answer those concerns. We provide the simple, secure, private and low cost answer for the person who is just starting out or the veteran who now understands that simplicity is the essence of genius. Our survey has shown that this solution answers all of the needs for 100% of the persons seeking to go offshore. |
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The program includes bearer shares so that complete anonymity is guaranteed, documentation and support services so that you can open a financial account under your complete control, where and when you wish, and flexibility so that you can change your financial affairs to reflect your future needs.
We trust that we have clarified the intriguing world of Bermudan Offshore Company Incorporation Programs. We will be happy to answer any questions you may have, relating to this opportunity and provide you with additional details regarding any of our devoted services.
Please click here to write us the full particulars of your situation and what you wish to accomplish. We will review your situation very carefully and offer to you a custom fitted solution. 95% of the time it will be simple to understand and 100% of the time it will be the least expensive alternative.
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If you would like to obtain further details of the legislation
surrounding the formation of a Bermudan Offshore International Business Company or wish to discuss any matter in complete confidence, please
click here
to contact: Mr. Robert Haig British Capital Group Offshore Services |
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| Thank you for your interest and feel free to contact British Capital Group Offshore Services if you believe the formation of an international business company in Bermuda may be appropriate in your particular situation. Any communication with us is considered PRIVILEGED and CONFIDENTIAL. |
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British Capital Group is in a position to assist new and established clients in opening personal and corporate offshore bank or trust accounts, denominated in almost every currency, in over 125 of offshore jurisdictions world-wide, including:
New Zealand, Australia, Chile, The Dominican Republic, Ireland, Argentina, Belize, Brazil, Spain, Italy, Costa Rica, Venezuela, Uruguay, Prague, Bodrum, The Spanish-Moroccan Tax Havens, The Madeira Tax Haven of Portugal, The Jamaican Free Trade Zones, The Dominican Republic Free Trade Zones, Campione D'Italia, Andorra, Poland, The Eastern Turkish Border and Tbilisi, Mozambique, Guatemala, The Virgin Islands, The Philippine Islands, and Anguilla are just some of the countries and places featured.
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There is only one British Capital Group. Our scope, financial strength, balance, depth of talent and integrity have made us our clients' trusted global advisor. |  |
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