Bahamas Company Formations

Bahamas Company Incorporation

A Bahamas International Business Company (IBC) can be incorporated in two days.

The Bahamas Registrar General's Department has upgraded the online registry for Bahamas companies and which can only be used by Bahamas Registered Agents and will lead to a number of significant changes for users of Bahamas companies:

  • All incorporations should be finalised within 48 hours and there is also be a new one-hour premium incorporation service, additional fee US$500

Incorporation Documentation

  • The registry will no longer provide paper incorporation documents and will instead provide electronic documents.
  • Incorporation documents will be provided electronically, with electronic certification and signatures of the Registrar.
  • Registered Agents will be able to provide to their clients the electronic files via email

Bahamas is part of the British Commonwealth a 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.

The IBC affords a high degree of confidentiality since there are only limited filing requirements. Only the name of the Company, its Registered Office and Agent’s names, the Company’s Memorandum and Articles of Association and the name of Directors and Officers are filed.

Type of Company

International Business Company (IBC).

Timescale to Incorporate in the Bahamas

To incorporate an IBC in the Bahamas takes around 2 days.

Company Registration

  • Reserving your Company Name
  • Liaising with the local registrar and relevant authorities
  • Structuring the company as per your requirements
  • Prepare your Company Registration Forms
  • Drafting the Articles of Association / Statutes
  • File the documents with the Registrar General's Department
  • Appoint the Directors
  • Initial Government licence fee payable on incorporation
  • Certificate of Incorporation
  • Issue of shares and production of Share Certificates
  • All documents and certificates supplied in a professional folder
  • Delivery of documents by FedEx / DHL courier

Features of a Bahamas IBC

  • Competitive incorporation and maintenance costs and fees
  • Fast incorporation procedures and simple on going administration
  • Only one director and two shareholders are required - the sole director can also act as a shareholder
  • Directors and shareholders can be either corporations or individuals
  • Directors, officers and shareholders details remain confidential
  • No limitations as to nationality or residence of company directors or shareholders
  • Full exemption from taxation on any business activity or transaction carried out outside BVI
  • All dividends, interest, royalties, rents and compensations are exempt from the payments of income tax
  • Tax efficiency - exemption from capital gains tax, inheritance tax and death duties
  • Shares may be denominated in any currency
  • No issued share capital requirement
  • No foreign exchange control
  • No requirements for preparing and submitting accounts or filing an annual return

Authorised and Issued Share Capital

  • The standard authorised share capital is US$5,000; divided into 5,000 shares x US$1.
  • The share capital may be expressed in any currency.
  • Minimum issued capital is two shares of no par value or two shares of par value.

The US$5,000 capital is the minimum duty payable at the time of incorporation and the maximum authorised share capital for the minimum licence fee payable annually.

Company Directors

  • Directors may be of any nationality
  • Only one director is required
  • The names of directors do not appear in public records
  • There is no requirement for a local resident director

Company Secretary

The International Companies Act 2000 makes no specific reference to a company secretary, but one is normally appointed to facilitate signing obligations.

Company Shareholders

  • Shareholders may be of any nationality
  • Only one shareholder is required
  • The sole director can be the same as the sole shareholder
  • The shareholder can be a person or a corporation

IBCs may no longer issue bearer shares

IBCs are obligated to maintain a Share Register at its Registered Office which shall contain: the names and addresses of the persons who hold registered shares and the register is private and no public filing of its contents is required

Company Name Reservation

Reserving a company name costs $25 and is reserved for 14 days.

A Bahamian IBC's name must end with: Ltd, LLC, Corp, Inc, GmbH or SA.

Registered Office

The company must maintain a Registered Agent and Registered Office in the Bahamas

The Registered Office is where documents may be legally served on the company.

Financial Statements

In the Bahamas, the fiscal year runs from July 1 to June 30. - There are no requirements to file company financial statements.

General Meetings

There are no requirements to hold an annual general meeting, and if a meeting is called it may be held anywhere in the world and attendance is possible via electronic means.

Annual Return

There is no requirement to produce or file an annual return.

Taxation

Companies in the Bahamas are totally tax exempt, guaranteed by law for 20 years from the date of incorporation. This includes no taxes on dividends, interest, royalties, rent, compensation, income, inheritance, etc. The Bahamas holds no double taxation treaties.

Bahamas IBC Company Formation - 3 days
  • Reserving your Company Name
  • Liaising with the local registrar and relevant authorities
  • Structuring the company as per your requirements
  • Prepare your Company Registration Forms
  • Drafting the Articles of Association / Statutes
  • File the documents with the Registrar General\'s Department
  • Appoint the Directors
  • Initial Government licence fee payable on incorporation
  • Certificate of Incorporation
  • Issue of shares and production of Share Certificates
  • All documents and certificates supplied in a professional folder
  • Delivery of documents by FedEx / DHL courier

Bahamas Company Formations

We can incorporate your Bahamas company, according to your specifications, please complete our enquiry form:

Ask System Day
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Or contact us by telephone on +44 1372 750809
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Bahamas fees to Incorporate
  • Time - 3 days to incorporate your Bahamas company
  • Company Formation - £1800
  • Registered Office Fee - £800
Bahamas Annual Maintenance Fees
  • Registered Office Fee - £800
  • Government Fee (US$350) - £280
Bahamas Advantages
  • Company Type - International Business Company (IBC)
  • Directors - only 1 director of any nationality is necessary for your company
  • Shareholders - only 2 shareholders are required
  • Share Capital - the share capital requirement is $5,000
  • Tax - company exempt from income tax, capital gains or transaction tax for a period of twenty years
  • Confidential - the names of the directors and shareholders do not appear on public record
  • Support - using our 20 years experience we guide you throughout every step of the company formation process