{"id":1720,"date":"2024-09-01T00:00:43","date_gmt":"2024-09-01T00:00:43","guid":{"rendered":"http:\/\/localhost\/systemday\/?page_id=1720"},"modified":"2024-11-22T12:06:27","modified_gmt":"2024-11-22T12:06:27","slug":"bahamas-company-formations","status":"publish","type":"page","link":"https:\/\/www.shane-english.com\/bahamas-company-formations\/","title":{"rendered":"Bahamas Company Formations"},"content":{"rendered":"

\"Bahamas<\/p>\n\n\n\n
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Bahamas Company Formations<\/h1>\n<\/td>\n

Request Quotation<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The Bahamas, a member of the British Commonwealth, is a politically stable and tax-friendly destination for company incorporation. With no income, capital gains, inheritance, or transaction taxes for 20 years from the date of incorporation, the Bahamas is an ideal location for international businesses seeking a favourable tax environment. We can assist with a Bahamas company formation.<\/p>\n\n\n\n\n\n\n\n\n\n\n
Bahamas Company Incorporation fees<\/strong><\/th>\nBahamas Annual Compliance fees<\/strong><\/th>\n<\/tr>\n
Company Formation:<\/strong> \u00a32800<\/td>\nRegistry Renewals due 31st December<\/strong><\/td>\n<\/tr>\n
Government License fee: <\/strong>US$350<\/td>\nRegistered Office and Resident Agent: <\/strong>\u00a31200<\/td>\n<\/tr>\n
Tax Exemption Certificate: <\/strong>US$175<\/td>\nCompany Secretary: <\/strong>\u00a3600<\/td>\n<\/tr>\n
Registered Office and Resident Agent: <\/strong>\u00a31200<\/td>\nAnnual Government License fee: <\/strong>US$350<\/td>\n<\/tr>\n
Company Secretary: <\/strong>\u00a3600<\/td>\nEconomic Substance filing fee<\/span>:<\/strong> \u00a3480<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
Tax Exemption Certificate: <\/strong>US$175<\/td>\nCompliance fee:<\/strong>\u00a0<\/strong>\u00a3200<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Company Director<\/h2>\n

There is no requirement for a local resident director and the names of directors do not appear in public records.<\/p>\n

Company Shareholders<\/h2>\n

Only one shareholder (individual or corporate) is required for a Bahamas company formation.<\/p>\n

Company Secretary<\/h2>\n

The International Companies Act 2000 makes no specific reference to a company secretary, but one is normally appointed to facilitate signing obligations and we can provide this service.<\/p>\n

Registered Agent and Registered Office<\/h2>\n

The company must maintain a registered agent and registered office in the Bahamas. The registered office is the address used for legal service of documents.<\/p>\n

Authorised and Issued Share Capital<\/h2>\n
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  • The standard authorised share capital is US$5,000; divided into 5,000 shares x US$1.<\/li>\n
  • The share capital may be expressed in any currency.<\/li>\n
  • Minimum issued capital is two shares of no-par value or two shares of par value.<\/li>\n<\/ul>\n

    The US$5,000 capital is the minimum duty payable at the time of incorporation and the maximum authorised share capital for the minimum licence fee payable annually.<\/p>\n

    Commercial Entities Substance Requirement (CESRA)<\/h2>\n

    All companies are required to submit a Commercial Entities Substance Requirement annual report.<\/p>\n

    Taxation<\/h2>\n

    The Bahamas offers a 20-year tax exemption on income, capital gains, and inheritance, ensuring a highly attractive environment for foreign investors. There are no taxes on dividends, interest, royalties, or rent, and companies are completely exempt from income tax.<\/p>\n

    Bahamas Ready Made Company<\/h2>\n

    It only takes 7 days to incorporate a new company in the Bahamas, for that reason we no longer offer ready-made companies in this country.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    Features of a Bahamas International Business Company (IBC)<\/th>\nInternational Business Company (IBC) Registration<\/th>\n<\/tr>\n<\/thead>\n
    Fast incorporation procedures and simple on-going administration<\/td>\nReserving your Company Name<\/td>\n<\/tr>\n
    The sole director can also act as a shareholder<\/td>\nLiaising with the registrar and relevant authorities<\/td>\n<\/tr>\n
    Directors and shareholders can be either corporations or individuals<\/td>\nStructuring the company as per your requirements<\/td>\n<\/tr>\n
    Directors, shareholders details remain confidential<\/td>\nPrepare your Company Registration Forms<\/td>\n<\/tr>\n
    No limitations as to nationality or residence of company officers<\/td>\nDrafting the Articles of Association \/ Statutes<\/td>\n<\/tr>\n
    Full exemption from taxation on any business activity or transaction carried out outside the Bahamas<\/td>\nFile the documents with the Registrar General’s Department<\/td>\n<\/tr>\n
    All dividends, interest, royalties, rents and compensations are exempt from the payments of income tax<\/td>\nAppoint the Directors<\/td>\n<\/tr>\n
    Tax efficiency – exemption from capital gains tax, inheritance tax and death duties<\/td>\nInitial Government licence fee payable on incorporation<\/td>\n<\/tr>\n
    Shares may be denominated in any currency<\/td>\nCertificate of Incorporation<\/td>\n<\/tr>\n
    No issued share capital requirement<\/td>\nIssue of shares and production of Share Certificates<\/td>\n<\/tr>\n
    No foreign exchange controls<\/td>\nAll documents and certificates supplied in a professional folder<\/td>\n<\/tr>\n
    No requirements for preparing and submitting accounts or filing an annual return<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    Incorporation Documentation<\/h2>\n
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    • Incorporation documents will be provided electronically, with electronic certification and signatures of the Registrar.<\/li>\n
    • Registered Agents are able to provide their clients the electronic files via email<\/li>\n<\/ul>\n

      Company Name<\/h2>\n

      A Bahamas IBC’s name must end with: Ltd, LLC, Corp, Inc, GmbH or SA.<\/p>\n

      Bahamas IBC Share Register<\/h2>\n

      IBCs are obligated to maintain a Share Register at its Registered Office.\u00a0 The register is private with no public filing of its contents<\/p>\n

      Financial Statements<\/h2>\n

      In the Bahamas, the fiscal year runs from July 1 to June 30. There are no requirements to file company financial statements.<\/p>\n