Conyers Management Services provides a full suite of accounting, administrative and business advisory services in support of exempted and locally incorporated companies, partnerships, individuals and trusts in Bermuda, the British Virgin Islands, and the Cayman Islands.
We offer an efficient alternative to employing staff and establishing your own physical office in the jurisdiction, working in unison with other Conyers departments to offer you an integrated, cost-effective range of customised services.
The scope of our offering ranges from meeting the routine statutory requirements of organisations whose activities are minimal, to the full provision of uniquely specified day-to-day management services for the most active business enterprises.
Our services include:
Accounting and Management
- Preparing and maintaining financial statements for companies, trusts, foundations, and charities in accordance with local regulatory requirements
- Coordinating and providing audit related assistance
- Acting as a SAC representative
- Monitoring economic substance compliance, including CIGA loan monitoring and board meeting attendance
- Payroll set-up and management:
- Processing payroll taxes, social insurance, pension, and health insurance requirements in accordance with local regulations
- Quarterly payroll tax filings
- Benefits administration
- Encrypted employee payslips
- Payroll journal entries for your general ledger
- Supporting treasury functions, including cash management, due diligence for bank account opening, and ongoing maintenance
- Providing administrative support for companies without staff – working directly with directors and managing day-to-day operational needs
Business Advisory
- Advising business executives in insurance/reinsurance start-ups, including vendor introductions, implementing processes and procedures, and providing ongoing operational support
- Addressing complex accounting treatment and consideration for companies and Trusts
- Coordinating and providing tax related assistance to beneficiaries located in taxable jurisdictions
- Performing customised calculations including estate accounting, private investment distributions, and pension calculations
- Assisting with budget/forecast, loan amortization, FX consideration, and other bespoke services