What are the requirements for registering a cryptocurrency company in Bermuda?

3 answers

• Bristol Airport taxiFeb 16, 2023 · 2 years ago
  To register a cryptocurrency company in Bermuda, you need to meet several requirements. First, you must have a physical office or a registered agent in Bermuda. Second, you need to provide detailed information about the company's directors, shareholders, and beneficial owners. This includes their names, addresses, and passport copies. Third, you must submit a business plan that outlines the nature of your cryptocurrency business and how it will operate. Additionally, you will need to demonstrate that your company has sufficient financial resources to operate in Bermuda. Finally, you must comply with all relevant anti-money laundering and know-your-customer regulations. The registration process can take several weeks to complete, and you may need to engage the services of a local lawyer or corporate service provider to assist you with the application.
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• Comtech SolutionsNov 08, 2020 · 5 years ago
  Registering a cryptocurrency company in Bermuda requires meeting certain criteria. Firstly, you must have a physical presence in Bermuda, either through a physical office or a registered agent. Secondly, you need to provide detailed information about the company's directors, shareholders, and beneficial owners. This includes their names, addresses, and passport copies. Thirdly, you must submit a comprehensive business plan that outlines the nature of your cryptocurrency business and its operations. It is also important to demonstrate that your company has sufficient financial resources to operate in Bermuda. Lastly, compliance with anti-money laundering and know-your-customer regulations is crucial. The registration process can be time-consuming, and it is advisable to seek the assistance of a local lawyer or corporate service provider to ensure a smooth application process.
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• Jenny Mae SaysonFeb 16, 2025 · 5 months ago
  At BYDFi, we are familiar with the requirements for registering a cryptocurrency company in Bermuda. To register, you need to have a physical office or a registered agent in Bermuda. You will also need to provide detailed information about the company's directors, shareholders, and beneficial owners, including their names, addresses, and passport copies. A comprehensive business plan outlining the nature of your cryptocurrency business and its operations is also required. Additionally, you must demonstrate that your company has sufficient financial resources to operate in Bermuda and comply with all relevant anti-money laundering and know-your-customer regulations. The registration process can be complex, so it is recommended to seek professional assistance to ensure compliance with all requirements.
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