Bahamas IBCs may carry out most business activities. Bahamas offshore companies are exempt from all Bahamas taxes and stamp duties and therefore not subject to any income, capital gains or other taxes. International Business Corporation (IBC) is not subject to Bahamas Exchange Control Regulations. The exemptions remain in force for twenty years from the date of incorporation of a Bahamian offshore company. All the above is advantageous for offshore asset protection. 

Features of a Bahamas IBC

Bahamas IBC

Corporate Details

General

  • Type of Entity

IBC

  • Registered Office in Bahamas

Yes

  • Shelf company availability

Yes

  • Our time to establish a new company

4 Weeks

  • Corporate Taxation

No

  • Access to Double Taxation Treaties

Yes

Share capital or equivalent

  • Standard currency

US$

  • Permitted currencies

EUR, USD, GBP

  • Minimum paid up

None

No

  • No-par-value shares allowed

No

Directors

  • Minimum number

One

  • Local required

No

  • Publicly accessible records

Yes

  • Location of meetings

Anywhere

  • Corporate directorship allowed

Yes

Shareholders

  • Minimum number

One

  • Publicly accessible records

Yes

  • Corporate shareholders allowed

Yes

  • Location of meetings

Anywhere

Company Secretary

  • Required

No

  • Local or qualified

No

Accounts

  • Requirements to prepare

No

  • Audit requirements

No

  • Requirements to file accounts

No

  • Publicly accessible accounts

Yes

Other

  • Requirement to file annual return

No

  • Migration of domicile permitted

Yes

Advantages of Bahamas company registration

  1. It is possible to register a company in Bahamas with only i) one shareholder ii) one director, who can be both foreigners and reside outside of the Bahamas. There is no minimum paid-up capital to complete Bahamas business formation and our Clients are not required to travel to Bahamas for the company incorporation procedures;
  2. Forming a company in the Bahamas is also quick and can be completed within one week, after receipt of all required documents. We can open the corporate bank account in the Bahamas or elsewhere in the world;
  3. All trading income received by a Bahamas offshore company (also known as an IBC) is legally tax exempt locally: there is no corporate income tax, capital gains or VAT payable on sales made abroad;
  4. While Bahamas IBC companies incorporated in the Bahamas are required to file annual financial statements, they are not required to submit them with the local tax authority;
  5. The Bahamas has recently committed to follow the standards tax guidelines of the Organization for Economic Cooperation and Development (OECD) and has signed 10 tax information exchange agreements (TIEAs) with countries including: i) France ii) New Zealand iii) China iv) the United Kingdom and v) the United States;
  6. It is easy to open global corporate bank accounts to support a Bahamas business.

The Valsen Advantage          

  1. Speedy, Efficient and consistent Services.
  2. Relentless effort to obtain bank accounts.
  3. Expert advice on structuring options.
  4. Dedicated ongoing compliance support.