The Bahamas Offshore Company Formation Service

 
Bahamas Feature Image

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.
 
 

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