Offshore Business Relocation: Bermuda
When relocating your business or family office to Bermuda, there are many factors to consider, especially if you are moving with family. Conyers provides a specialist, tailored service for clients taking this step, which allows you to leverage our local knowledge and resources, making the process as smooth as possible.
Our lawyers work with a wide range of industry sectors assisting not only global businesses, but medium and smaller companies to address international and cross-border employment issues.
We offer a full service for hiring non-Bermudian employees, including placing recruitment ads, shortlisting and interviewing candidates, collecting all necessary documentation and submitting work permit applications. In addition, we can assist with applications for Permission to Reside and Residential Certificates.
We will help you establish a payroll structure which is compliant with all regulatory requirements in respect of payroll tax, social insurance, pensions and health insurance, including registering with health insurance and pension providers. Our ongoing services include:
- Quarterly payroll tax filings
- Benefits administration
- Confidential electronic employee pay statements
- Payroll journal entries for your general ledger
Premises and residential accommodation
Our Real Estate department can assist with the acquisition of business premises and residential accommodation, whether freehold or leasehold, including advice on financing and associated issues such as land tax. We will provide lists of recommended realtors and can advise on preferred locations and other factors requiring local knowledge.
Moving family and household
If you are moving with a spouse, children and/or pets you will need advice on customs duties, schools, transport, hiring home help and much more. We are happy to provide you with local information and contacts that will help make the move as easy and efficient as possible.
Running your office
Once you are set up, Conyers can provide ongoing corporate services, trust services and accounting and management services via our affiliated Conyers Client Services group, as a cost effective alternative to employing staff for these purposes in Bermuda.
For more information on general considerations for setting up an office in Bermuda download our memorandum.
Click here for more information on the legislation and requirements for establishing substance offshore.