The island has kept records of the owners of companies for about 70 years, with the information only available to government authorities.
The Government said it would put forward legislation making the register accessible to the public by January 2023.
In doing so, Bermuda is following the lead of the UK Crown Dependencies, Jersey, Guernsey and the Isle of Man, and the Cayman Islands, all of which made similar commitments last year.
“Accordingly, we have actively engaged with our global partners in respect of beneficial ownership and transparency.
“This announcement today underpins our commitment to ensure that Bermuda remains a jurisdiction of choice for quality and compliant business.”