SOLUTIONS
Y Now
We help clients understand the licensing process, manage expectations and operationalize their Bermuda business
SOLUTIONS
LICENSING
CONSIDERATIONS & SUPPORT
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Navigating License Applications (DABA, IBA, IIGB, IILT)
Understanding the specific licensing requirements under various regulatory acts is key to a smooth application process. We work closely with you and your legal advisors to identify the most suitable license for your business model. -
Engaging with a Collaborative Regulator in a Sandbox Environment (T, M, or F License)
Bermuda’s regulatory sandbox enables companies to test products and services in a controlled setting. This collaborative approach allows businesses to refine their offerings and ensure compliance before full-scale market entry. We can guide you in selecting the best option. -
Business Plan Assessment
A strong business plan is essential for licensing success. It should define company objectives, market strategy, technology framework, and risk management practices, serving as a foundation for regulatory approval and long-term growth. We provide strategic guidance to position your business for success. -
Implementing Robust Anti-Money Laundering (AML) and Know Your Customer (KYC) Policies
Compliance with Bermuda’s stringent AML and KYC regulations is crucial. Businesses must establish strong compliance frameworks to prevent illicit activities and ensure transparency. Y.Partners can help assess whether your policies and procedures meet regulatory requirements.
MEETING ECONOMIC
SUBSTANCE REQUIREMENTS
Fit and Proper Management Assessment
The BMA conducts rigorous background checks on key stakeholders to ensure that company directors and executives have the expertise and integrity required to operate within Bermuda’s jurisdiction. Y.Partners helps you exceed the BMA’s expectations by securing top-tier talent on the ground.Sourcing Senior and Principal Representatives
Y.Partners provides access to experienced professionals who understand local regulations, making it easier for companies to appoint qualified senior and principal representatives to meet compliance requirements.Local Recruitment Services (Part-Time and Full-Time for CCO, MLRO, CISO, etc.)
Our specialized recruitment services help businesses fill key compliance and security roles—whether on a full-time or fractional basis—ensuring the right talent is in place for ongoing operations.Fractional Executive Solutions (CMO, COO, CFO, etc.)
Access senior leadership without committing to full-time hires. Y.Partners offers fractional executive solutions, embedding experienced professionals within your organization to provide strategic expertise while optimizing costs.Identifying Directors
Bermuda’s network of seasoned board directors allows companies to quickly find individuals with the governance expertise needed to oversee strategic decisions and ensure regulatory compliance.Fast-Track Work Permits
Y.Partners facilitates expedited work permit processing for essential personnel, helping companies onboard top international talent quickly and streamline operational timelines.
SELECTING THE RIGHT SERVICE PROVIDERS
Law Firm Selection
Choosing the right law firm is essential for navigating Bermuda’s regulatory environment. We match your business needs with firms that have a strong track record in securing successful license applications.Compliance Solutions
Working with compliance specialists ensures that your company builds strong policies, conducts internal audits, and stays ahead of evolving regulatory requirements.Legal Structure Advisory
Selecting the right legal entity structure impacts taxation, liability, and operational flexibility. With extensive experience across all structures, we guide companies toward the most advantageous setup.Bank Account Setup
Opening a local or international bank account is a crucial step in establishing operations. We help identify the right banking partner with relevant experience to streamline the process.Office Space Solutions
Bermuda offers a range of office options, from coworking spaces to private offices, allowing companies to meet licensing requirements. Y.Partners is well-versed in all solutions, from single-office setups to long-term arrangements for entire teams.Auditor Selection
Regular audits by licensed firms help maintain regulatory compliance and provide financial insights. We assist in identifying auditors that align with both your business needs and BMA requirements.Segregated Account Representatives (SAC Reps) & Corporate Service Providers (CSPs)
Finding qualified SAC Reps and CSPs in Bermuda can be complex, but they are essential in certain cases for regulatory and operational support. We help connect you with trusted professionals to ensure compliance.Investment Management
Access to top-tier investment managers enables companies to optimize treasury management and capital allocation. We specialize in sourcing experts with both traditional and decentralized finance experience to manage digital asset funds effectively.Marketing & Public Relations
A strong marketing and PR strategy enhances brand visibility, attracts customers, and builds investor trust. Y.Partners brings Wall Street fintech CMO expertise to drive your go-to-market strategy and execution, ensuring you hit your growth targets.
How it Works
- Engage Your Partners as your initial point of contact
- Schedule a discovery call for us to learn about your business and Bermuda plan as a licensed entity
- We provide our perspective on how to best to navigate the entire process from an experienced 3rd party viewpoint
- We can act as your on-the-ground partner who can begin to plug you into the ecosystem
Before
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No confidant on the ground to help you navigate an unfamiliar jurisdiction
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A potentially expensive tuition learning which service providers are the best match for your Bermuda entity
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No resource to help you navigate the grey areas and conflicting advice
After
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A trusted on-island partner to help you navigate the unknowns
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Operationalize your business faster and less expensively
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You have a local partner who will grow with you over time