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).
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.