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Bahamas Offshore Company

 

 Bahamas offshore Company

 

  • BahamasThe Bahamas, officially the Commonwealth of the Bahamas, is an island country consisting of more than 700 islands, cays, and islets in the Atlantic Ocean; north of Cuba and Hispaniola (the Dominican Republic and Haiti); northwest of the Turks and Caicos Islands; southeast of the U.S. state of Florida and east of the Florida Keys. Its capital is Nassau on the island of New Providence. The designation of “Bahamas” can refer to either the country or the larger island chain that it shares with the Turks and Caicos Islands. As stated in the mandate/manifesto of the Royal Bahamas Defence Force, the Bahamas territory encompasses 470,000 km2 (180,000 sq mi) of ocean space.

    In terms of gross domestic product per capita, the Bahamas is one of the richest countries in the Americas (following the United States and Canada) – Source Wikipedia -.

  • One of the most prosperous countries in the West Indies, The Bahamas relies on tourism to generate most of its economic activity. Tourism as an industry not only accounts for over 60 percent of the Bahamian GDP, but provides jobs for more than half the country’s workforce. After tourism, the next most important economic sector is financial services, accounting for some 15 percent of GDP. The economy has a very competitive tax regime. The government derives its revenue from import tariffs, license fees, property and stamp taxes, but there is no income tax, corporate tax, capital gains tax, value-added tax (VAT), or wealth tax. The government has adopted incentives to encourage foreign financial business, and further banking and finance reforms are in progress. – Source Wikipedia -.
 
 

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Company Formation_Bahamas

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Bahamas Key Company Features
General
Company type International Business Company (IBC)
Type of Law Statue law based on English common law
Company powers A registered International Business Company in
the Bahamas has the full capacity of, and all rights,
powers, and privileges of, a natural person.
Requirement for registered office and address Yes, must be maintained or at licensed management
together with a Bahamas registered agent (which we
can propose)
Name restrictions Names of existing firms,or names similar enought to
cause confusion. Names that suggest royalty or
reference to the royal Family, and any name in the
opinion of the Registrar considered undesirable, obscene
or any reference to the Bahamas Govornment.We can
assist with the naming.
Language of name Can be registered in any name using latin script, however
the Registrar may request an English translation to make
sure translated naming restrictions and guidelines are not
infringed.
IBC allowable suffixes Limited, Corporation, Incorporated, Société Anonyme,
Sociedad Anónima, Gesellschaft mit beschränkter Haftung
or the relevant abbreviations.
Corporate Taxation Nil
Corporate legislation environment Companies in Bahamas are regulated under the IBC Act 200.
The Securities Commission of the Bahamas is the
governing authority.
Language of legislation and official documentation English
Offshore legisltation environment Modrern offshore legislation
Restrictions on Trading A Bahamian IBC may conduct business with other Bahamian
Companies and physical persons.A Bahamian registered IBC
may also own local real estate, but local exchange controls
and stamp duties will apply in this case.Unless application
is made and approved by the Govornment, a Bahamian IBC
may not undertake businesses in the fields of banking,
insurance, assurance, reinsurance, fund management,
collective investment schemes, trust management, trusteeship,
or the rendering of any other investement advice that would be
considered association with the bankin or insurance industries.
Also, a Bahamian IBC may not sell it’s own shares or solicit
funding to and from the Public
Confidentiality Names of company officers do appear on public record.We can
assist in the appointment of nominee officers to avoid the client’s
name appearing.
Stability Stable juristiction with solid reputation
Formation Time 1 Week
Bearer Shares Bearer shares are not permitted
Timezone GMT-4
Share capital requirements
Official currency US$
Permitted currencies Any
Share capital requirement 1 US$ or 50.000 US$ minimum (50.000 shares x 1$)
Directors
Minimum Directors 1
Requirement for local administrator or Director None
Location of meetings and General Assembly Anywhere
Shareholders
Minimum number of shareholder/s 1
Public records access requirements Yes
Company Secretary
Requirement None
Local or licensed requirement None
Statutory Accounts Requirements
Accounting/Reporting requirements Yes
Annual Tax returns no requirement to File
requirements for Audit No
Public Accesability of Accounts None
Incorporation Procedure and Documentation
A certified passport copy (or identity card), as well as proof of domicile (ie utility bill) dated less than three months.Note: It is possible to represent you with a confidential mandate. Contact us for more details.
Click here for a Bahamas Quotation !