Commonwealth of The Bahamas

Commonwealth of The Bahamas - IBC/Other jurisdictions

The Bahamas is a state located in the Caribbean Sea, off the east coast of the United States near the state of Florida.

Since 1629, the Bahamas have been a colony of Great Britain, but in 1973 they found independence. The political and legislative system of the Bahamas is based on the English model. The official head of jurisdiction is the Queen of Great Britain, who is represented by the Governor-General in the Bahamas. The prime minister (chief executive) is the leader of the party that won the country's parliamentary elections.
Jurisdiction has a well-developed infrastructure and communications. The main income in the budget brings the financial sector and tourism. The Bahamas is a classic offshore jurisdiction.
  • Basic information about jurisdiction

    Area – 13.878 sq. кm
    Population – 330.000
    Government – independent country
    Capital – Nassau
    Official language – english
    Official currency – Bahamian dollar (ВSD)
    Time zone – GMT–5
  • Company type

    International Business Company (IBC)
  • Directors of the company

    Number: at least one
    Status: natural or legal persons
    Residents: residents of any country
    Information about directors: only in the Register of Enterprises of the Bahamas
    Nominee directors: allowed
  • Shareholders of the company

    Amount: at least one
    Status: natural or legal persons
    Residents: residents of any country
    Information about shareholders: only in the Register of Enterprises of the Bahamas
    Nominee shareholders: allowed
  • Secretary Company

    There are no requirements for the position of secretary
  • Authorized capital of the company

    Standard declared capital is USD 50,000.
    There are no requirements for payment of this capital or part thereof.
  • Company name

    Must end with the words' 'Incorporated' ',' 'Corporation' ',' 'Limited' 'or the abbreviations'' Inc. '', '' Corp. '', '' Ltd. '', '' GmbH '', ' 'S.A' '. Registration of names containing the words "Bank", "Insurance", "Trust", etc., is allowed only after obtaining the appropriate licenses. 
  • Information about the real owner of the company

    Information about the real owner is submitted only to the registered agent and is confidential.
  • Annual Return

    Requirements for the submission of an annual report are not put forward. 
  • Financial Statement

    Requirements for the submission of a financial statement is not put forward.
  • Taxation

    Taxation of companies IBC – 0%. 
  • Double tax treaties

    The Bahamas do not have double tax treaties with other countries.
  • The term of registration of a new company

    6-7 business days; The term of receipt of the full package of documents is 5-6 weeks.
  • Acceptance of third-party companies for service FIVECONSULT

    Only in consultation with the previous serving agent in the Bahamas.
  • A set of constituent documents of the company

    1) registration certificate (Certificate of Incorporation);
    2) the articles of association / Memorandum and Articles of Association, signed by the first founders of the company (Subscribers);  
    3) protocol on appointment of nominee directors;
    4) two blank (blanco) general powers of attorney signed by nominee directors;
    5) confirmation of nominal directors of the transfer of the company to its real owner ( Agreement for the provision of nominee services and indemnification of the nominee);
    6) Resignation letters of nominee directors, signed but without date;
    7) Share Certificates, signed by the nominee directors;
    8) metal relief printing.
  • "Ready-made" companies

    In this jurisdiction we are ready to register a new company for your order.
  • FIVECONSULT comment:
    The jurisdiction of Bahamas has relatively high requirements for the presentation of information about the owner of the company (Due Diligence). However, to a person who provides the required information about himself strictly in accordance with current local legislation, the Bahamas company will serve just like any other classical tax-free company.
    What is the Bahamas offshore?
    If in order to increase the profitability of your business and attract profitable partners, you wish to register an offshore company in the Bahamas - you are thinking in the right direction ION. Today, this independent state occupies one of the leading places in terms of offshore services provided to foreign business owners.
    A specific feature of offshore in the Bahamas is that any Bahamas Offshore is registered as an international business company (International Business Company) and acquires the status of a closed limited liability company.
    Nuances of Offshore Offshore Registration in the Bahamas

    Registration of an offshore company in the Bahamas will require the submission of the articles of association and the articles of incorporation of the enterprise being created. It is worth considering that the director and shareholders of the offshore in the Bahamas can be both legal entities and individuals. Allowing the combination of the role of director and shareholder.
    Opening up broad prospects for business development, offshore Bahamas, however, has certain limitations. In particular, an offshore company is not allowed to provide the address of a registered office for the needs of other organizations. A company registered in the Bahamas is allowed to invest in the maintenance of an office, but investments in other real estate in the Bahamas are prohibited. An offshore company also has no right to conduct any business with residents of the Bahamas.
    The main benefits of offshore in the Bahamas
    Free use of services local lawyers, opening a bank account in the Bahamas, maintaining and storing financial statements and other financial documentation, holding meetings of directors and shareholders, as well as owning shares and debentures of other offshore companies are all advantages agamskogo offshore obvious every visionary entrepreneur.
    However, the main advantage of offshore Bahamas is that registered on the territory of the Bahamas offshore companies are completely relieved from paying taxes.