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Incorporation of Company

Offshore Jurisdictions
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Bahamas

The Bahamas is a classical tax-free jurisdiction which does not require complicated procedures for company maintenance or annual reporting. The jurisdiction has high due diligence requirements with respect to disclosing information about company ownership. The Bahamas was one of the first jurisdictions that began to apply Know Your Client standards. The requirements for providing a full suiteof Due Diligence on the company owners were implemented in the Bahamas in 2000.Nonetheless, a Bahamas company will serve its owner(s) who supply the required information in accordance with the current standards of local legislation in a similar manner to any other classical offshore company.

Advantages of Incorporating in the Bahamas

  • Exemption from all local taxes and stamp duty
  • Maximum confidentiality and anonymity
  • Ease of operation, maintenance and control
  • Asset security
  • No disclosure or minimum capital requirements
  • The minimum number of shareholders is one
  • The minimum number of directors is one
  • Corporate directors and shareholders are permitted
  • Excellent and flexible post-incorporation follow-up services
  • No statutory requirement to hold annual general meetings
  • Highly competitive fees and costs
Principal Corporate Legislation: The International Business Companies Act 2000 and The International Business Companies (Amendment) Act 2004 as amended.
Type of Law: Common
Language of Legislation and Corporate Documents: English
Type of Company for International Trade, Investment & Tax Planning: IBC – International Business Company

 

Bahamas - International Business Company

Share Capital
Standard authorised share capital is US$50,000. Minimum paid up share capital is US$1.
Classes of Share Available
Registered shares, shares of no par value, preference shares, redeemable shares and shares with or without voting rights.
Bearer Shares
Not permitted.
Restrictions on Trading
Cannot trade within the Bahamas. Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Registered Office Required
Yes, must be maintained in the Bahamas.
Directors
The minimum number of directors is one. Director can be of any nationality and need not be resident in Bahamas. Corporate directors are permitted.
Shareholders
The minimum number of shareholders is one.
Publicly Accessible Records
No.
Nominee Shareholders and Nominee Directors
Allowed.
Location of Meetings of Directors and Shareholders
Anywhere.
Disclosure of Beneficial Ownership to Authorities
No.
Personal Presence Required
No.
Taxation
Nil.
Double Taxation Treaty Access
None.
Requirements to File Accounts
None.
Requirement to File Annual Return
None.
Audit Requirements
None.
Currency
Bahamian Dollar (BSD), US Dollar.
Exchange Control
None.
Language of Name
English.
Restricted Words
Words such as "Assurance", "Bank", "Building Society", "Royal", "Trust Company", "Trustee Company" etc. will require justification.
Name of a Company
The words "Limited", "Corporation", "Incorporated", "SocieteAnonyme", "SociedadAnonima", "GesellschaftmitbeschränkterHaftung" or Ltd, Corp., Inc., S.A., GmbH must be part of the name of every company.
Time to Incorporate
Two weeks.
Shelf Companies
Bahamas Shelf companies are available.

 

Cost of Formation: Request a quotation

 

Services

Card PMT provides the following services in Bahamas:

  • Bahamas Offshore Company Incorporation
  • Registered Office and Agent Services
  • Company Secretarial Services
  • Nominee Shareholder/Nominee Director
  • Opening of Bank Accounts
  • Full Company Administration Services
  • Mailing Address
  • Trademark Registration

 

 

Please contact us for your free initial consultation.

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Please contact us for information about incorporation of companies in other offshore jurisdictions.

 

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