The deadline for existing Bermuda companies, LLCs and partnerships to update or verify information regarding beneficial ownership has been extended again to 30 April 2019.

The Minister of Finance has issued a notice, on 28 February 2019, further extending the deadline for all Bermuda companies and partnerships (unless exempted) to establish such a beneficial ownership register (if necessary, verify and update the same) and make the necessary filings with the Bermuda Monetary Authority from 28 February 2019 to 30 April 2019.

The team at Walkers Bermuda is here to help. Walkers Bermuda has a detailed understanding of the applicable legislation, and is providing assistance to clients on all aspects of the new beneficial ownership regime.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.