Bahamas Offshore Company

About the Bahamas

The Bahamas is an archipelago in the North Atlantic Ocean. It is located north of Cuba and east of Florida. The majority of its islands are within close proximity to the US mainland; at about 100 to 150 miles off the coast of Florida. The Bahamas consists of nearly 700 islands and over 2,000 cays. The Chief of State is the Queen of England who appoints a Governor General as her in-country representation. The head of government in the Bahamas is a Prime Minister.

Bahamas maintains all of the qualities of a true tax haven, where the privacy of clients and investors is highly respected and protected. When incorporating in the Bahamas the names of the owners, directors and the registrants are not made public. The offshore legislation governing the incorporation of Bahamas offshore corporations makes provisions for companies to be incorporated using nominee directors and shareholders. This adds a layer of protection for companies that value privacy.

Bahamas complies with international banking regulations and has strict laws in place regarding secure offshore banking in the jurisdiction. There are no taxes for interest gained by offshore bank accounts in the tax haven of the Bahamas. Account owner details are also highly protected and may only be revealed after a court order from the Supreme Court.


Benefits of Setting up an Offshore Business in the Bahamas

  • The Bahamas is one of the wealthiest Caribbean countries with an economy based on tourism and offshore banking.
  • The exchange rate from the Bahamian dollar (BSD) to the U.S. Dollar is 1:1.
  • The time zone is the same as Washington DC and the financial centers along the East Coast.
  • The Bahamas is a member of the Caribbean Development Bank, the International Monetary Fund, and the World Bank.
  • The government of The Bahamas has been politically stable since the country achieved independence
  • The Bahamas has no income tax, corporate tax, value-added tax or wealth tax for those investing in offshore companies.

Key Corporate Features

Type of Company IBC
Type of Law Common
Shelf company availability Yes
Time to establish a new company 2 - 5 days
Minimum government fees (excluding taxation) US$350
Corporate Taxation Nil
Double Taxation Treaty Access No
Share capital or equivalent
Standard currency US$
Permitted currencies Any
Minimum paid up US$1
Usual authorised US$50,000
Minimum number One
Local required No
Publicly accessible records Yes
Location of meetings Anywhere
Minimum number One
Publicly accessible records No
Location of meetings Anywhere
Company Secretary
Required No
Local or qualified No
Requirements to prepare Yes
Audit requirements No
Requirements to file accounts No
Publicly accessible accounts No
Recurring Government Costs
Minimum Annual Tax / Licence Fee US$350
Annual Return Filing Fee Nil
Requirement to file annual return No
Change in domicile permitted Yes

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