Association of Bermuda Insurers & Reinsurers (ABIR)
ABIR’s mission is to represent the public policy interests of Bermuda’s Class 4 insurers and reinsurers around the world. Its website http://www.abir.bm/ provides information or interest to insurers and reinsurers.
Association of Bermuda International Companies (ABIC)
ABIC represents the internationally owned businesses that are physically located in Bermuda but conduct their operations worldwide. There are more than 1,500 exempted or international companies currently registered in Bermuda, of which some 400 have a physical presence.
Through partnerships with regulatory, government and professional organizations, ABIC promotes and preserves a sound business environment for the international business community. Its website http://www.abic.bm/ provides links to agencies in Bermuda that are relevant to starting a business in Bermuda.
BERMUDA BUSINESS DEVELOPMENT AGENCY (BDA)
The Bermuda Business Development Agency (BDA) encourages foreign direct investment and helps companies set up operations in Bermuda. An independent, public-private partnership, we connect business to industry professionals, regulatory officials, and key contacts in the Bermuda Government to facilitate jurisdictional decision-making. The agency also assists existing business to grow and flourish on the Island. To learn more about Bermuda as a world-class financial centre or connect with a BDA representative, go to our website, www.bda.bm.
Bermuda Chamber of Commerce
The Bermuda Chamber of Commerce is a nonprofit, apolitical organization whose members share a common goal, to advance the commercial, industrial, civic, trade and general interests of Bermuda and to foster the spirit of free enterprise. It represents the collective commercial interests of its members, provides networking opportunities within the business community, acts as a conduit between private and public sectors, creates community awareness, and facilitate training. The Chamber’s website https://www.bermudachamber.bm/ is partially under construction.
Bermuda Monetary Authority (BMA)
The BMA regulates the financial services sector in Bermuda. It supervises, regulates and inspects financial institutions operating in or from within the jurisdiction. It also issues Bermuda’s national currency; manages exchange control transactions; assists other authorities in Bermuda with the detection and prevention of financial crime; and advises the Government and public bodies on banking and other financial and monetary matters. It develops risk-based financial regulations that it applies to the supervision of Bermuda’s banks, trust companies, investment businesses and insurance companies. It also regulates the Bermuda Stock Exchange. The BMA website http://www.bma.bm/ provides information about insurance, banking, trust, investment, and company matters as well as anti-money laundering, fees and penalties.
Government of Bermuda
The Bermuda Government’s all-purpose website is http://www.gov.bm/. It provides organizational information, describes the responsibilities of government agencies, and provides contact information.
Registrar of Companies (ROC)
The ROC falls under the Bermuda Ministry of Business Development & Tourism. It has the day-to-day responsibility of administrating companies, company name reservation, company fees, insolvency, and real estate. The ROC registers all limited liability companies, which include local companies, foreign sales corporations, exempted companies and overseas companies under the guidelines of The Companies Act 1981. The ROC website https://www.gov.bm/department/registrar-companies enables a search of companies registered in Bermuda and allows application to reserve a company name or to apply for a certificate of compliance, certified documents, or tax assurance.