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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.

A Bahamas IBC affords a high degree of confidentiality due to limited filing requirements.

Bahamas Incorporation FeesBahamas Annual Maintenance Fees
Company Formation – £1800Registry Renewals due 31st December
Government License Fee – US$350Provision of Registered Office and Resident Agent – £800
Tax Exemption Certificate – US$175Government License Fee due 31st Dec – US$350
Provision of Registered Office and Resident Agent – £800Tax Exemption Certificate – US$175
Company Secretary  if required – £550Company Secretary  if required – £550
Directors Register Maintenance – £175

Company Director

There is no requirement for a local resident director and the names of directors do not appear in public records.

Company Shareholders

Only one shareholder is necessary corporate or individual.

Company Secretary

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

Registered Agent and Registered Office

The company must maintain a registered agent and registered office in the Bahamas. The registered office is the address for legal service of documents.

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.

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 has no double taxation treaties.

Bahamas Ready Made Company

It only takes 5 days to incorporate a new company in the Bahamas, for that reason we no longer offer ready made companies in this country

 

Features of a Bahamas International Business Company (IBC)International Business Company (IBC) Registration
Fast incorporation procedures and simple on going administrationReserving your Company Name
The sole director can also act as a shareholderLiaising with the registrar and relevant authorities
Directors and shareholders can be either corporations or individualsStructuring the company as per your requirements
Directors, shareholders details remain confidentialPrepare your Company Registration Forms
No limitations as to nationality or residence of company officersDrafting the Articles of Association / Statutes
Full exemption from taxation on any business activity or transaction carried out outside the BahamasFile the documents with the Registrar General’s Department
All dividends, interest, royalties, rents and compensations are exempt from the payments of income taxAppoint the Directors
Tax efficiency – exemption from capital gains tax, inheritance tax and death dutiesInitial Government licence fee payable on incorporation
Shares may be denominated in any currencyCertificate of Incorporation
No issued share capital requirementIssue of shares and production of Share Certificates
No foreign exchange controlAll documents and certificates supplied in a professional folder
No requirements for preparing and submitting accounts or filing an annual return

Incorporation Documentation

  • Incorporation documents will be provided electronically, with electronic certification and signatures of the Registrar.
  • Registered Agents are able to provide their clients the electronic files via email

Company Name Reservation

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

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

Bahamas IBC Share Register

IBCs are obligated to maintain a Share Register at its Registered Office.  The register is private and no public filing of its contents is required

Bahamas IBC Confidentiality

The Bahamas ensures privacy for offshore corporations.  It gives anonymity to its shareholders and directors remain private.

Financial Statements

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

Annual Return

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

Annual Government License

All Bahamas companies become due for renewal at the registry on the 31st December of the year following the year of incorporation.

Required to Proceed

  • Company Name – We can check your company name is available
  • Passport – colour scan of your passport
  • Documents – copy of a utility bill, credit card or bank statement showing your private address
  • Upload – proof of address & copy passport can be uploaded here