Bahamas Company Dissolution

Ready to close your Bahamas International Business Company (IBC) and have it removed from the company registry? Our Bahamas company dissolution services are designed to handle the entire process smoothly and efficiently. We will manage all aspects of dissolving your Bahamas company, including drafting necessary documents and overseeing the formal dissolution procedure.

Bahamas Company Dissolution Process

The Shareholders or the Directors of the Company as required by the Articles of Association must resolve by Resolution that the affairs of the Company should be wound-up, that a person be appointed the Liquidator for the purpose of such winding-up, that the proposed plan of dissolution and the execution of the Articles of Dissolution be approved.

A copy of the Resolution Certified by the Secretary of the Company, with the seal affixed thereto, must be submitted to the Registrar General.

The Articles of Dissolution, once executed, are submitted to the Registrar General for registration.

The Company is required to publish a Notice of the dissolution in the Gazette within 30 days of the registration of the Articles of Dissolution.

The Liquidator is also required under section 138(6) to submit to the Registrar a statement that the winding-up and dissolution has been completed.

The Registrar, upon receipt of the Notice, shall strike the Company off the Register and issue a Certificate of Dissolution certifying that the Company has been dissolved.

Immediately following the issue by the Registrar of the Certificate of Dissolution, the Liquidator shall publish in the Gazette and in a publication of general circulation in the country or place where the Company has its principal office, a notice that the Company has been dissolved and has been struck off the Register.

Required Company Documents

• Resolution/Minutes to dissolve: The directors of the company need to convene a meeting and pass a resolution to dissolve the company. This resolution should be properly documented and kept as part of the company’s records.
• Filing of Articles of Dissolution: Once all debts and obligations have been settled, the company must file Articles of Dissolution with the Registrar General. These articles typically include details such as the name of the company, the reason for dissolution, and plan of dissolution
• Publication of Notice: A notice of the dissolution must be published in a local newspaper to inform the public of the company’s closure.
• Liquidator’s Statement and Payment of all annual fees – The company must file any final tax returns and other required documents with the relevant authorities.