Bahamas Company. Bahamas Offshore Company.
Worldwide Incorporation Services specializes in Bahamas Company Formation and opening Bahamas Offshore Bank Accounts.
Bahamas – General Information
Area: total: 13,880 sq km, land: 10,010 sq km, water: 3,870 sq km. …
Time Zone: UTC−5.
Languages: English (official), Creole (among Haitian immigrants).
Government type: Parliamentary democracy (Parliament) under a constitutional monarchy; a Commonwealth realm.
Legal system: Common law system based on the English model.
International organization participation: ACP, AOSIS, C, Caricom, CDB, CELAC, FAO, G-77, IADB, IAEA, IBRD, ICAO, ICC (NGOs), ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, ISO (correspondent), ITSO, ITU, LAES, MIGA, NAM, OAS, OPANAL, OPCW, Petrocaribe, UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCO, WHO, WIPO, WMO, WTO (observer).
Economy: The Bahamas has the second highest per capita GDP in the English-speaking Caribbean with an economy heavily dependent on tourism and financial services. Tourism accounts for approximately 50% of GDP and directly or indirectly employs half of the archipelago’s labor force. Financial services constitute the second-most important sector of the Bahamian economy, accounting for about 15% of GDP. Manufacturing and agriculture combined contribute less than 7% of GDP and show little growth, despite government incentives aimed at those sectors.
Currency: Bahamian dollar (BSD).
Bahamas Offshore Company Registration – Overview
The Bahamas is an ideal financial location for individuals and corporations seeking to gain tax advantages with confidentiality. A Bahamas Offshore Company can be used for asset protection, estate planning, tax mitigation and privacy. The most direct path toward attaining these advantages is by the formation of an international business company, commonly referred to as a Bahamas IBC.
Key Benefits of Bahamas Offshore Company
- 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 shareholder is one
- The minimum number of directors is one
- 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 IBC Act 2000 and The IBC (Amendment) Act 2004 as amended.
Type of Law
Language of Legislation and Corporate Documents
Type of Company for International Trade, Investment & Tax Planning
IBC – International Business Company.
Bahamas Offshore Company – Key Facts
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.
Restrictions on Trading
Cannot trade within the Bahamas or own real estate there. Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Registered Agent Required
Registered Office Required
Yes, must be maintained in the Bahamas.
The minimum number of directors is one. Director can be of any nationality and need not be resident in the Bahamas. Corporate directors are permitted.
The minimum number of shareholders is one.
Publicly Accessible Records
Nominee Shareholders and Nominee Directors
Location of Meetings of Directors and Shareholders
Personal Presence Required
Double Taxation Treaty Access
Requirements to File Accounts
Requirement to File Annual Return
Bahamian Dollar (BSD), US Dollar.
Language of Name
Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust” etc. will require justification.
Name of a Company
The words “Limited”, “Corporation”, “Incorporated”, “Societe Anonyme”, “Sociedad Anonima”, “Gesellschaft mit beschrГ¤nkter Haftung”, “Corporation” or Ltd, Corp., Inc., S.A., GmbH must be part of the name of every IBC.
Time to Incorporate
Bahamas Company Formation Prices
Bahamas Company Formation Package Includes:
- Company Name Check
- Initial Business Approval
- Preparation of Application Documents
- Company Registration Fee
- Certificate of Incorporation
- Registered Office Address for 1 year
- Registered Agent Services for 1 year
- Government filing fee
- Memorandum & Articles of Association
- Minutes of first meeting appointing the director(s)
- Share Certificate(s)
- Register of shareholders
- Register of directors
Starting at: $1550
Why Choose Worldwide Incorporation Services?
Bahamas Ready-Made Companies
This is a list of ready-made and approved company names available as of today.
Bahamas Company Formation – Office Addresses
Worldwide Incorporation Services | Bahamas Offshore Company Registration | Bahamas Offshore Company Formation
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