The Bahamas is considered one of the most well-known offshore jurisdictions in the world. It offers attractive benefits to entrepreneurs who wish to open a company in the Bahamas. In addition, the jurisdiction has been used by many experts worldwide for incorporating an offshore company or handling financial purposes.
So, if you wish to proceed, then look at the simple guide for opening a company in the Bahamas.
Importance of Setting up a Company in the Bahamas
When you feel like setting up a business in the Bahamas, you must be aware of the following benefits.
- Flexible and stable business jurisdiction
- Favorable tax system
- Required only one shareholder and director
- Ease of company incorporation
- Quick banking assistance
Along with the benefits, explore why to start an offshore company in the Bahamas.
Legal Structure Used for Bahamas Offshore Company Formation
Before incorporating any offshore company, it is essential to conduct market research about the available legal structures in the Bahamas. Following are a few listed for your better understanding.
- The Special Purpose Vehicle (SPV)
- Trust Company
- Fund Company
- Limited Liability Company
- Public Company
- General Partnership
- Limited Liability Partnership
- Exempted Limited Partnership
- Undisclosed Partners
- Unlimited Liability Company
- Joint Ventures
- Sole Proprietorship
- Bahamian Foundation
- Bahrain International Business Company (IBC)
Simple Step-by-Step Guide for Incorporating a Company in the Bahamas
When you are interested in proceeding with the Bahamas offshore company formation, explore the following simpler steps.
Get in Touch with an Offshore Business Consultant
When you open a company in the Bahamas, the primary thing to focus on is finding a professional expert. The business expert will guide you with all the details required for the company setup process.
Choose a Business Name
Once you seek the professional's assistance, you have to focus on deciding on a company name. While registering a business name in the Bahamas, there are specific rules to be followed. In order to know about it, get in touch with Business Setup Worldwide.
Be Ready with the Documents
After finalizing the business name, the next turn is to submit the documents required for setting up a business in the Bahamas.
- Filled application form
- Copies of shareholders' and business owners' passports
- Certificate of company incorporation
- MOA and AOA
- Proof of residence
- Signed curriculum vitae
Open a Bank Account
After starting your company in the preferred jurisdiction, you have to open an offshore bank account. In order to open an account, you can get the assistance of a business expert.
Why Choose BSW's Assistance?
While setting up or incorporating any business, it is essential to have the assistance of a consulting firm. A consulting company like BSW will assist business clients with every type of information from scratch. However, if you are in need of any business queries, kindly reach out to us.
Is it possible to start a business in the Bahamas?
Yes, it is possible to start a business in the Bahamas.
Who assist you in opening a company in the Bahamas?
A consulting firm like Business Setup Worldwide will assist you in opening a company in the Bahamas.
What are the regulations followed for registering a business name in the Bahamas?
While registering a business name in the Bahamas, you must be aware of the following things.
- One should not violate any rules
- Double-check whether there is any similarity in the name
- Avoid using offensive terms
How many days does it take to set up a company in the Bahamas?
Setting up a company in the Bahamas takes around 2-3 working days.