Bahamas consists of nearly 700 islands and cays
located in the Atlantic Ocean 80 kilometers east of the Peninsula
The Bahamas has no double taxation treaties which
could obligate the disclosure of information for clients of other
Residents are subject to exchange control, but
International Business Companies are exempted.
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:
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 /
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
The minimum number of shareholder is one. Details
of the shareholders is not required to be disclosed in the public
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
The companies must have a registered office and
a Registered Agent in the Bahamas.
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.