Bahamas Offshore Company FAQs

1.Does the offshore business entities have access to Double Taxation Treaties?

No, the offshore companies in the Bahamas are not entitled to double taxation agreement

2.What are the different taxes exempted for offshore business in the Bahamas?

A Bahamas IBC is exempted for all kinds of taxes, including:
● Corporate income tax
● Capital gains tax
● Value-added tax
● Wealth tax
● Sales tax
● Estate tax
● Gift tax
● Inheritance tax

3.What is the minimum paid-up capital required to set up an offshore company in the Bahamas?

The minimum paid-up capital required to establish an offshore company in the Bahamas is US$ 1.

4.Can an offshore company in the Bahamas hold bearer shares?

No, bearer shares are not permitted in the region of Bahamas.

5.What is the standard currency in the region of Bahamas?

The standard currency in the region of Bahamas is Bahamian Dollar (1 BSD = 1 USD)

6.What is the minimum authorized capital required to set up an offshore company in the Bahamas?

The minimum authorized capital required to establish an offshore company in the Bahamas is US$ 50,000.

7.Is it mandatory to hire a company secretary in the Bahamas?

No, it is not mandatory for a business entity to hire a company secretary.

About Us

Business Setup Worldwide is a business consultancy firm specializing in providing expert guidance and support to establish offshore companies in Belize. Our experienced professionals offer tailor-made solutions that will cater to your business requirements. We provide services such as Company Incorporation, Tax Planning, and Ongoing Compliance Support for establishing and expanding your offshore business. By choosing Business Setup Worldwide you can trust that you will receive service delivered promptly and without any hassle.

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Eastech

Eastech

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