Search results
Results from the WOW.Com Content Network
Most foreign companies in Bermuda are incorporated under the Companies Act of 1981. Bermuda-registered companies need only one director and one shareholder, who can be the same person, and neither needs to be resident in Bermuda. Most companies do not need to file financial accounts or annual returns.
Bermuda is a British Overseas Territory in the North Atlantic Ocean. It is approximately 1,070 km (665 mi) east-southeast of Cape Hatteras, North Carolina; 1,236 km (768 mi) south of Cape Sable Island, Nova Scotia; and 1,578 km (981 mi) north of San Juan, Puerto Rico. The capital city is Hamilton. Bermuda is an associate member of CARICOM.
Bermuda has no equivalent of the British Law of Property Act 1925. Bermuda has no capital gains taxes, but there is ad valorem Stamp Duty on sales and gifts of real estate. Generally, Bermuda real estate cannot be vested in a corporation, except: in a trust company; in the management company of a condominium; or
On September 19, 2024 Afiniti filed for liquidation and winding up under the Companies Act of 1981 in the Supreme Court of Bermuda. The company further shared that as part of its restructuring agreement with creditors, it would proceed to wind up its global entities in the courts of Bermuda and US to form a new company under the ownership of ...
Exempted companies that wish to establish a place of business in Bermuda require a permit and are subject to the annual company fee indicated above. Where the company's principal business is raising money from the public by the issue of bonds or other securities or insurance business or open-ended mutual fund business, the fee is $4,125.
On 6 April, 1150 public sector workers in Bermuda walked off the job and began strike action, demanding above-inflation pay rises.. As the strike stretched on into late April, workers in other sectors began to take actions in solidarity with the public sector workers, including some taxi drivers who picketed the L.F. Wade International Airport.
The Companies Acts 1948 to 1980 was the collective title of the Companies Act 1948, Parts I and III of the Companies Act 1967, the Companies (Floating Charges and Receivers) (Scotland) Act 1972, section 9 of the European Communities Act 1972, sections 1 to 4 of the Stock Exchange (Completion of Bargains) Act 1976, section 9 of the Insolvency ...
Main page; Contents; Current events; Random article; About Wikipedia; Contact us