The Commonwealth of the Bahamas is the name of the Bahamas. It is situated on the Atlantic Ocean and is surrounded by Florida, the United States (northwest), Cuba, Hispaniola Island, the Caribbean (south), and the British Overseas Territory and Caicos Islands. It has a population of around 700 islands (southeast).
The Bahamas is a unitary parliamentary constitutional monarchy and parliamentary democracy. The Bahamian dollar (BSD) and the United States dollar (USD) are both accepted as legal tender in Nassau, the country's capital. English is the official language of the Bahamas. The Bahamas have a population of over 300,000 people.
The International Business Act of 2000 and Act of 2010 provide the statutory framework governing corporate activity (amended). The Bahamas Investments Authority is the entity in charge of Bahamas company formation, registration, and other business-related operations in this territory (BIA).
Characteristics of Bahamas Offshore Company
|
Company Type |
International Business Company (IBC) |
|---|---|
|
Governing Corporate Legislation |
Regulated under the IBC Act 200. The Securities Commission of the Bahamas is the governing authority |
|
Confidentiality |
High amount of anonymity and privacy |
|
Accounting Requirement |
No mandatory requirements |
|
Taxation |
Completely exempted |
|
Standard Currency |
US Dollar ($) |
|
A requirement of Company Secretary |
No |
|
Basis Legal System |
Under Common Law |
|
The requirement of Registered Agent |
Yes |
|
Registered Office Space |
Yes |
|
Publicly Accessible Records |
No |
|
Nominee Shareholders and Directors |
Yes |
|
NAME REQUIREMENTS |
|
|
The name of a company can include: |
“Limited”, “Corporation”, “Incorporated”, “Societe Anonyme” etc. |
|
Restricted words |
“Assurance”, ”Banking”, “Building Society”, “Royal”, “Trust” etc. |
Bahamas Offshore Company Setup Advantages
Complete Anonymity
No Corporate Tax
Business Confidentiality
No Tax on Corporate Shares
Offshore Bank Account
Bahamas Offshore Company Registration Is Ideal For
Own company shares or other legal entities
Hold bank accounts, financial or commercial titles
Marketing of products and services
Estate and inheritance security
Asset protection company
Holding company
International Trading
IP/ Licensing company
Easy Steps to Register Your Company
Duly Fill Company Registration Application
Upload the Essential Documents In
Register the Company
Avail Other Services
Company Dispatch Kit
Documents Required to Register Bahamas Offshore Company**
- Certified passport
- Certified proof of address
Offshore Banking Partners
FAQs
What is the minimum number of shareholders required to incorporate Bahamas Offshore Company?
The minimum requirement of the shareholder for Bahamas offshore company incorporation is 1.
Are bearer shares allowed for Bahamas Offshore Company?
No, a Bahamas offshore company is not eligible for bearer shares
What is the minimum capital requirement for Bahamas foreign company?
The minimum capital requirement for Bahamas foreign company is $50,000.
