The Bahamas is a part of the British Commonwealth and your IBC (International Business Company) can be incorporated in an economically and politically stable country, where income, capital gains, inheritance and transaction tax is not imposed for a period of 20 years from the date of incorporation.

Bahamas IBC, is a limited liability company which conducts its trading and business outside the Bahamas and is intended for offshore activities. It takes up to 5 days to incorporate a company in the Bahamas.

The Directors of the company may be of any nationality and may reside anywhere. At least one director is required and there is no requirement to appoint a local resident director.

The Shareholders of the company may be of any nationality and may reside anywhere. At least one shareholder is required and can be the same person as the director. There is no upper limit to the number of shareholders and a shareholder can be a person or a corporation.

The standard share capital of a Bahamas IBC is $50,000 USD. However, only one share of the share capital must be issued and paid up. Your company's share capital can be issued in any currency.

Company Secretary / Registered Office / Registered Agent

The company must have a registered agent and registered office in the Bahamas. There is no requirement for local secretary.

Privacy

The details of shareholders do not appear on public record compared to Directors details which are fully accessible.

Company Records

The company must maintain accounting records, however s not obliged to keep records in the Bahamas and there is no requirement to file accounts or a financial statement. There is no need for having audited accounts or submit a corporate tax return to the authorities.

Corporate and other taxes

There are no corporate taxes for a Bahamas IBC, except for annual government levy of US$350 for standard share capital.

Why use a Bahamas Company.

The modern offshore legislation provides maximum flexibility in global asset protection and privacy protection.

Bahamas offshore companies are commonly used for:

  • Real estate property;
  • Ownership of intellectual property;
  • Personal service company;
  • International trade of products and
  • Especially captive insurance.

Our Formation Package

  • Registered Address and Agent
  • Company Secretarial Maintenance
  • Government fees
  • Certificate of Incorporation
  • Memorandum & Articles of Association
  • Appointment of First Directors
  • Consent Actions of the Board of Directors
  • Share Certificates
  • Register of Directors and Members
  • Company Seal

We also offer Nominee and Management Services (Substance requirements) along with bank account opening and international tax planning.

Prices and fees included on our website

https://genshape.com/shop/bahamas-offshore-company-formation/

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.