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Bermuda Proposes Enhancements to Beneficial Ownership Regime — Orbitax

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Bermuda Proposes Enhancements to Beneficial Ownership Regime

|Proposed Changes|Bermuda
Bermuda

The Bermuda government has announced proposed revisions to enhance its beneficial ownership regime in response to growing demands for transparency from the global community. Changes include:

  • Requiring local companies to file updates for changes in beneficial ownership (currently information only filed at time of formation);
  • Imposing an obligation on all companies formed or operating in Bermuda…

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