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. 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. A Bahamas International Business Company (IBC) can be incorporated in 3 - 5 days.
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.
Only one director of any nationality is required. There is no requirement for a local resident director. The names of directors do not appear in public records.
Only one shareholder of any nationality is required. The sole director can be the same as the sole shareholder
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.
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.
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
The Bahamas ensures privacy for offshore corporations. The names of corporate shareholders and directors remain private. The International Business Companies (IBC) Act of 1990 ensures that corporate information in the Bahamas remains confidential.
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.
In the Bahamas, the fiscal year runs from July 1 to June 30. There are no requirements to file company financial statements.
There is no requirement to produce or file an annual return.
All Bahamas companies become due for renewal at the registry on the 31st December of the year following the year of incorporation.
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.