The Bahamas Offshore Company Formation Service

The Bahamas enjoys 0% taxation, no auditing and no paid up capital requirement.
Bahamian IBCs are allowed to make and maintain contact with professional firms, maintain books and records, hold meetings of directors or members, and lease real estate for use as an office in the Bahamas. It is also possible to obtain a license from the Minister of Finance to carry out other types of business activities on the island, if he considers that they are in the interest of the Bahamas.
Key Features
Company type | International Business Company (IBC). |
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Governing corporate legislation | Companies in the Bahamas are regulated under the IBC Act 200. The Securities Commission of the Bahamas is the governing authority. |
Information published relating to company officers | The names of company officers appear on public record. Nominee officers can be used to avoid the client's name appearing. |
Confidentiality | The Bahamas offers a high level of anonymity and privacy. |
Accounting requirement | No accounting / reporting requirements. N.B. As per Section 67. (1) of the IBC Act, a company shall keep such financial statements, accounts and records as the directors consider necessary or desirable in order to reflect the financial position of the company |
Taxation | No taxes of any sort. |
Standard currency | US$ and BH$ (pegged 1 to 1) |
Time to form | Bahamas has a fast and efficient registry. |
Stability | Very stable jurisdiction with an excellent reputation. |
Communication | Good communication means. |
Time zone | Convenient world time zone: GMT-5 |
Secretary required | No |
Paid up capital requirement | Minimum share capital: $50,000. (No paid up capital requirement) |
Renewal Date | Anniversary date of the company / Each Year |
Basis of legal System | Under Common Law |
Minimum directors/shareholders | Minimum of 1 director and 1 shareholder. |
Bearer shares | Bearer shares are not permitted. |
Banking Options for the Bahamas
We assist our clients in identifying the best banking solution for their particular needs from a variety of providers.
The Bahamas is Recommended For
- Real Estate Holdings
- Traders and Investors
- Advisers, Consultants and Counselors
- Electronic Commerce and Digital Transactions
- Business Holdings
- Inheritance and Estate Planning
- Expatriats and Offshore Workers