IBC des Bahamas + Siège à Nassau + Agent Agréé + Compte Bancaire aux Bahamas + Comptabilité gratuite pour la première année (Le tout à distance, aucun déplacement nécessaire)AnnuityNumber
Administrators
Taxes on
companies
Capital
Released
States
Financial
2.250 €800 €1o%100 £No

Additional costs

Regent Street UK Business Address with Scanned Mail500 €
The head officeincluded
Online banks with IBAN in England, Belgium, Luxembourg or Lithuania500 €
Offshore bank account1.000 €

Company Formation in the Bahamas

 

 Company Formation Process in the Bahamas 

Presentation of an offshore CBI in the Bahamas

The Bahamas has a long-standing reputation in as a destination of choice and a world leading centre for offshore company formation services.

An archipelago of more than 700 islands spread across the Caribbean just south of Florida, the Bahamas offshore services sector has helped create more than 100,000 businesses over the past 25 years.

An International Business from the Bahamas (IBC) is known for its financial privacy laws, offering clients a secure jurisdiction with minimal fees and regulations.

L’ International Business Companies Act 2000 remains the main piece of legislation governing the regulation of the offshore company formation market.

With nearly 30% of the Bahamian economy coming from its offshore market the government has continually taken steps to ensure stability and longevity. of its offshore financial markets.

For more information on advantages of the Bahamas as an offshore financial centre, click here.

 

Advantages of an offshore company in the Bahamas

  • No financial reporting requirements
  • It is easy to modify the memorandum and statutes
  • CBIs may do business directly with The Bahamians and may also own Bahamian real estate, but will be subject to local tax laws, exchange controls and stamp duty.
  • Zero corporate tax
  • Political and economic stability
  • Is close to North and South America
  • Lack of exchange, currency and capital controls
  • Absence of double taxation treaties
  • Modern and simple incorporation laws and procedures
  • A Common Law System in English
  • Non-disclosure of shareholder information

Main uses of a company in the Bahamas

  • Own shares of the company or other legal entities
  • Holding bank accounts, financial or commercial securities
  • Owning real estate and other movable or immovable property
  • Management of international trade transactions
  • Marketing of products and services
  • Estate and succession security
  • Protection of Property and Assets
  • Other commercial and financial activities

Main characteristics of a Company Formation in the Bahamas

Bahamas IBCCompany Details
General
T y pe of the entityIBC
Type of lawCommon Law
Governed byInternational Business Corporations Act 2000; Amendment to the IBC Act 2004
Head office in the BahamasYes
Availability of the companyYes
Our time to start a new business2-3 working days
Minimum government fees (excluding taxes)350 US $
Corporate taxationNo
Access to Double Taxation TreatiesNo
Share capital or equivalent
Standard CurrencyBahamian Dollar
(stowed 1 BSD = 1 USD)
Authorized currenciesAll
Minimum paid1 $ US
Usually allowed50 000 $ US
Bearer shares authorizedNo
No shares of par value allowedYes
Directors
Minimum numberA
Premises requiredNo
Publicly available documentsYes
Location of meetingsNowhere
Authorized Board of DirectorsYes
Shareholders
Minimum numberA
Publicly available documentsNo
Authorized Corporate ShareholderYes
Location of meetingsNowhere
Corporate Secretary
MandatoryNo
Local or qualifiedN/A
Accounts
Requirements for preparationYes
Audit requirementsNo
Requirements for filing accountsNo
Publicly Available AccountsNo
Recurring costs to government
Minimum annual tax350 US $
Annual Return Filing FeesN/A
Other
Requirement to file an annual returnNo
Migration of domicile allowedYes


Bahamas Society Formation Registration Packages

Understood:

  1. Government registration fees (first year)
  2. Head office address (first year)
  3. Registered agent services (first year)
  4. Company maintenance secretariat
  5. Certificate of Incorporation
  6. Memo and statutes
  7. Appointment of the first directors
  8. Board Consent Actions
  9. Sharing certificates
  10. Register of Administrators
  11. Register of Officers
  12. Register of Shareholders
  13. Free consultations by phone and / or email

 

Company Formation Requirements in the Bahamas

In order to establish a CBI in the Bahamas, a client must submit:

  • Notarized passport copy
  • Bank reference
  • Notarized proof of residence
  • Professional reference
  • Due diligence

 

Current Requirements for Company Formation in the Bahamas

A register of members, a register of directors and officers, a copy of the impression of the corporate seal, copies of all minutes of the corporation, copies of all documents of the corporation, including the memorandum and articles must be kept at the registered address.

This information is not available to the public; however, the register of directors is filed with the Registrar of Companies and is therefore accessible to the public.

 

Taxation of Bahamas Offshore Company companies

An IBC in the Bahamas is exempt from all taxes and stamp duties, among others:

  • corporate income tax
  • capital gains tax
  • added value tax
  • wealth tax
  • sales tax
  • inheritance tax
  • gift tax
  • inheritance tax

 

Bahamas Offshore Company - Company Details

Anonymity, confidentiality and disclosure

The names and addresses of the directors or officers are filed with the Registry and are therefore open to the public. However, shareholders do not need to be submitted to the registry. The use of designated directors is available if anonymity is required.

Shares of the company

Registered shares, shares without par value, shares with or without voting rights, preferred shares, redeemable shares and shares with or without voting rights are authorized. Bearer shares are not permitted.

There must be two subscribers. The shares may then be transferred to a single person or entity.

Required capital

The normal authorized share capital is US$50,000 $, which corresponds to the maximum capital for the minimum fees and license fees payable (US$350 $) at the time of incorporation and annually.

The minimum issued capital is either two shares without par value or two shares with par value.

Requested Financial Statement

It is not necessary to file a statement of accounts, but a company is required to maintain accounting records detailing all transactions to be kept at the registered office, or may be maintained at another address outside The Bahamas, but must inform the registered agent of the physical address.

Directors

Only one administrator is required. The director may be a natural or legal person of any nationality and need not be a resident of The Bahamas. Contact information for the director of the company is open to the public, although nominee services are available.

Corporate Secretary

No requirement for a corporate secretary; although one is normally designated to facilitate the signing of necessary documents.

Shareholders

Only one shareholder is required but there must be two subscribers. The shares can then be transferred to a single person or entity. A register of members must be kept at the head office, although it is not open to the public.

Activity Restrictions

A CBI may not engage in banking, insurance, fund management, collective investment, trust management, trusteeship, provision of investment advice or any other activity that would suggest an association with the banking or insurance sectors without government authorization. and the appropriate license is obtained.

CBIs in the Bahamas are allowed to operate in the Bahamas, including in the real estate sector, but local exchange controls and stamp duty will apply in such cases.

Exchange controls

There are no exchange controls; including currency controls for the CBIs of the Bahamas.

Powers of the corporation

A CBI has all the powers of a natural person.

Language of legislation and corporate documents

English

Head Office required

Yes; required to keep a record and minutes of meetings (if applicable) and a company seal.

Local presence

Not required

Annual Reports

Not required

Tray companies available

Yes

Time required to form an offshore company

2-3 working days

Language of the name

The name can be in any name using the Latin alphabet; although the register requires an English translation.

Name Restrictions

Any name that is already in use or that is deemed undesirable, obscene or offensive or any name that suggests patronage with the Government of The Bahamas may not be used.

Company names requiring a licence or special authorisation

A CBI must obtain a special license if the name of the CBI contains a word that includes bank, building society, savings, loans, insurance, insurance, reinsurance, fund management, investment fund, trust, trustee, chamber of commerce, university, municipality or their foreign language equivalents.

Authorized Limited Liability Suffixes

"Limited", "Corporation", "Incorporated", "Societe Anónima", "Sociedad Anónima", or their respective abbreviations "Ltd.", "Inc." or "SA" shall be used at the end of the company. Name.

Minimum annual government tax

CBIs with an authorized share capital not exceeding USD 50,000 are required to pay the sum of USD 350 per annum, while an IBC with an authorized share capital exceeding USD 50,000 must pay the sum of USD 1,000 per annum.

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