-->Establish companies

BAHAMAS

Location

Bahamas consists of nearly 700 islands and cays located in the Atlantic Ocean 80 kilometers east of the Peninsula of Florida.

Confidentiality

The Bahamas has no double taxation treaties which could obligate the disclosure of information for clients of other countries.

Exchange Control

Residents are subject to exchange control, but International Business Companies are exempted.

Company Formation

Shelf companies are available. Alternatively, we may incorporate companies specifically to client's instruction. It takes about 1 to 2 weeks to complete the incorporation procedure. Following are some basic requirements for Bahamas companies:

Name

Any name that has already been incorporated, or a name that is so similar as to cause confusion is not permitted. Company names must contain the words "Corporation", Inc.", "Limited" or their abbreviations.

Share Capital / Shareholders

The common authorised capital is US$50,000 divided into 50,000 shares of US$1 and the minimum issued capital is two shares. Share capital can be denominated in any currency and shares can be issued with or without par value. Bearer shares are not permitted.

The minimum number of shareholder is one. Details of the shareholders is not required to be disclosed in the public record.

Directors / Secretary

A minimum number of director is one. The Director may be a natural person or a corporation and need not be a resident in the Bahamas. Register of directors is required to be filed with the Registrar and open on the public record for inspection.
A company secretary may be appointed. The company secretary may be a natural person or a corporation and need not reside in the Bahamas.

Registered Office / Agent

The companies must have a registered office and a Registered Agent in the Bahamas.

Taxation and Annual Requirements

The Bahamas is a tax haven and has no direct taxation in the form of income tax, capital gains tax, gift tax or inheritance tax.

The annual licence fee for Bahamas companies with a capital of up to US$50,000 and exceed US$50,000 are US$350 and US$1,000 respectively.

There is no requirement to file audited accounts with the authorities. However, the companies are required to keep proper records of books, records, and minutes.