BAHAMAS COMPANY FORMATION
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Bahamas company formation – classical offshore jurisdiction, very highly regarded reputation.
POPULA COMPANY TYPE:
- Bahamas International Business Company (IBC)
Time of Bahamas company formation takes 1 WEEK.
Personal presence is not required.
Wts.App: +44 775 479 5814
Viber: +44 775 479 5814
SKYPE: bris-group
Mobile: +44 775 479 5814
UK: +44 207 206 2487
Cz.Rep.: +42 022 888 1788
France: +33 182 888 048
Canada: +1 437 889 1960
BAHAMAS LOCAL TIME
Country: The Bahamas
Other name: Commonwealth of The Bahamas
British Indian Ocean Terr
Capital City: Nassau
Languages: English
Currency: United States Dollar, Bahamian dollar
Dial Codes: +1 242
Country Abbreviations: bs
Tax Rates in Bahamas
Corporation Tax in Bahamas: 0%
Income Tax in Bahamas: 0% 0
VAT Tax in Bahamas: 7,5% the government will raise the tax to 12 percent
What we can do for your Bahamian Company
- We do all paperwork on forming the company in Bahamas
- Formation is completely remote
- Can act as Secretary or Treasury
- Provide nominee Directors/Shareholders
- Assist with opening a bank account
- Registration for Taxes, VAT & EORI
- Develop a website for your business
- Create a logo of your brand
How we can assist you further in Bahamas
- Provide with full company administration services
- Arrange a mailing address for your business
- Arrange a virtual office for your company
- Telephone answering service
- Book keeping, audit & reporting
- Preparing and submitting VAT return
- Dealing with local authority
- Trademark registration
Bahamas Company Formation. Bahamas International Business Company / Bahamas (IBC)
Main Characteristics and the basic rules of Company registration in Bahamas
Bahamas Company Formation
Are you thinking of business expansion in offshore locations? In that case, taking your venture to Bahamas may be a prudent step. As one of the popular and wealthiest countries located in the Caribbean, Bahamas is the destination eyed by investors and entrepreneurs from various parts of the globe. The friendly residents, flourishing economy and business friendly investment policies should make it easier for you to take the next logical step and that is Bahamas Company Formation.
Even if you have not been to the Bahamas before, there is no reason to worry for taking your business operations to the country. The locals are generally friendly to strangers and this can be helpful even from the business operation perspective. The Bahamians are straightforward in communication but they also remain approachable and friendly overall.
If you want to expand your business to the Bahamas, there is good news. First, there is no direct personal income tax and secondly we are offering professional Bahamas Company Formation service. You need not worry about corporate income tax, inheritance tax, and capital gains tax. However, duty fee is applicable on imported stuffs and that varies according to kind of the product. For certain stuffs including books and computer software, there is no duty charge at all. The details on these taxes and charges can be sought at the National Insurance Board of the Bahamas.
You need to get approval from the Bahamas Investments Authority prior to starting business operations in country. It serves as the watchdog for foreign direct investment in the country. A Project Proposal submission is required for obtaining approval from the BIA. The good thing is the BIA allows a wide range of business to operate in the country. These include sectors like food processing, agriculture related products, banking, real estate development, assembly industries, tourism etc. The qualifying investors may obtain certain legislative incentives from the Bahamian government.
The business investment laws and protocols in the country are ideal for offshore companies. You can opt for forming a domestic company or opt for the International Business Companies Act, 2000.
Despite the business investment friendly scene in the Bahamas, as an investor you will require expert insight and aid when it comes to Bahamas Company Formation service. The taxation is a tad different from what you are used to, as it is. To evade legal hassles and hurdles in setting up business in Bahamas, opt for services of the BRIs group. We will provide the expertise and manpower to ensure you can start business in Bahamas minus woes. Contact us soon for the details.
Bahamas Company Formation |
Financial Advantages |
|---|---|
| Taxation: | No taxes |
| Double Taxation Treaty Access: | No Treaty Access. Bahamas has not yet signed any Double Tax Avoidance Treaties. |
| Bahamas Tax Information Exchange Agreements | Yes, have been signed with many countries |
| Account Filing Requirements: | No accounting or reporting requirements |
| Annual Return Filing Requirements: | No annual return/ reporting requirements |
| Audit Requirements: | No audit required. |
Bahamas Company Formation |
Registration Requirements |
|---|---|
| Share Capital: | Standard authorised share capital: US$50,000 |
| Classes of Share Available for Bahamas company formation: | Shares can be issued at a par or a non-par value. |
| Minimum paid up share capital: | US$1 Classes of Share Available: Shares with or without voting rights, redeemable shares, registered shares, preference shares, shares of no par value |
| Bearer Shares: | Not Allowed |
| Registered Office Required: | Yes, required and must be maintained in Bahamas |
| Registered agent: | A Bahamas IBC is required to have a registered office in the Bahamas. |
| Shareholders: | Minimum number is one |
| Directors: | Minimum number is one. There is no restriction on the nationality or residency of the directors of a Bahamas IBC. Local directors is not required. Corporate directors are allowed |
| Your Company language: | English |
| Name of your Company must be ended: | “Corporation”/ Corp., “Limited”/Ltd, “Incorporated”/Inc., Societe Anonyme”/S.A., “Gesellschaft mit beschrnkter Haftung”/GmbH, “Sociedad Anonima” |
| Documents required for Bahamas company formation: | A certified copy of your passport or ID and proof of your residential address dated less than 3 months. |
Bahamas Company Formation |
Registration Restrictions |
|---|---|
| For Bahamas company formation you cannot use words in your company names without justification: | “Bank”, “Trustee Company”, “Assurance”, “Building Society”, ”Trust Company”, “Royal” etc. |
| Restrictions on Trading: | None |
| Not permitted without a licence: | Fund management, insurance, Banking, reinsurance, assurance, trust management, collective investment schemes, trusteeship business provision. |
Bahamas Company Formation |
Confidentiality and Security |
|---|---|
| Publicly Accessible Records: | The details of registered shareholders are not available on public record. The details of directors are available on public record. |
| Possibility to use Nominee Shareholders and Nominee Directors for Anguilla Company Formation: |
Yes, Allowed |
| Disclosure of Beneficial Ownership to Authorities: | NO, The names or identities of beneficial owner do not appear in any public records |
| Meetings of Directors and Shareholders to be held: | You can hold Meetings of Directors and Shareholders of Bahamas IBC anywhere |
| What is the stability to register Bahamas Company (IBC) | Stable jurisdiction and very highly regarded reputation. |
About Bahamas |
 |
|---|---|
| Capital city: | Nassau |
| Region: | Located the Atlantic Ocean, southeast of Florida and the United States, north of Cuba, the island of Hispaniola and the Caribbean, and northwest of the British overseas territory of the Turks and Caicos Islands |
| Political System: | Parliamentary Democracy |
| Government: | Unitary parliamentary, Constitutional monarchy |
| Governing corporate legislation: | International Business Act 2000 and the International Business Companies (Amendment) Act 2004. |
| Type of Law: | Common |
| Type of company: | International Business Company (IBC) |
| Currency: | Bahamian Dollar (BSD) |
| Exchange Control: | None |
| Language of Legislation and Corporate Documents: | English |
| Time zone: | GMT-5 |
Bahamas Company Formation – Benefits
- Maximum confidentiality and anonymity
- Highly competitive fees and costs
- Exemption from all local taxes and stamp duty
- Ease of operation, maintenance and control
- Asset Protection
- No minimum capital requirements
- A Bahamas Company requires a minimum of one shareholder
- A Bahamas Company requires a minimum of one director
- No statutory requirement to hold annual general meetings
List of Countries to Register a Company
- Anguilla Company
- Australia Company
- Bahamas Company
- Barbados Company
- Belize Company
- Bermuda Company
- Bulgaria Company
- BVI Company
- Canada Company
- Cayman Islands Company
- China Company
- Cook Islands Company
- Costa Rica Company
- Curacao Company
- Denmark Company
- Dominica Company
- Gibraltar Company
- Hong Kong Company
- Hungary Company
- Ireland Company
- Isle of Man Company
- Jersey Company
- Latvia Company
- Liechtenstein Company
- Luxembourg Company
- Madeira Company
- Liechtenstein Company
- Luxembourg Company
- Madeira Company
- Malta Company
- Marshall Islands Company
- Mauritius Company
- Netherlands Company
- Nevis Company
This publication is provided for information purposes only. This info should not be treated as a substitute for a tax or legal consultation or legislation. You should not act on the basis of the information contained in this publication without having obtained individual advice from the professional expert.
BRIS GROUP does not assume responsibility for any damage resulting from decisions made by the reader on the basis of this publication.
FAQ ABOUT BAHAMAS COMPANY REGISTRATION
Our team of consultants are on hand to find out about your specific requirements and take you through the process from start to finish.
