December 2025

The Bermuda legislature approved the Beneficial Ownership Amendment Act 2025 (the “BO Amendment Act”) in mid-December. Under section 16 of the Beneficial Ownership Act 2025 (the “principal Act”) a person is prohibited from becoming a beneficial owner of a legal person without the approval of the...

The recent enactment of the Tax Credits Act 2025 (the “Act”) moves Bermuda from principle to practice, operationalising a key proposal in the Bermuda Tax Reform Commission's Final Report. The Commission’s vision for a modern, investment-friendly business environment — one that incentivises tangible, on-Island economic activity — is now codified in...