Bahamas IBC

Bahamas IBC
The Bahamas has a long-standing reputation as a premier destination and a world-leading centre for offshore financial and company formation services. The Bahamas is a renowned centre for offshore activities, known for its financial privacy laws, giving clients a secure jurisdiction with minimal regulations, including no financial reporting requirements and non-disclosure clauses protecting shareholder information. With nearly 30% of the Bahamian economy coming from its offshore market, the government has continually taken measures to ensure the stability and longevity of its offshore financial markets.
 
Key Features

Bahamas IBC	Corporate Details
General
Type of Entity	IBC
Governed by	International Business Companies Act 2000; Amendment to IBC Act 2004
Registered Office in Bahamas	Yes
Shelf company availability	Yes
Set-up Timeline	2-3 Business days
Minimum government fees (excluding taxation)	US $350
Corporate Taxation	No
Access to Double Taxation Treaties	No
Share capital or equivalent
Standard currency	Bahamian Dollar (Pegged 1 BSD = 1 USD)
Permitted currencies	Any
Minimum paid-up	US $1
Usual authorized	US $50,000
Bearer shares allowed	No
No par value shares allowed	Yes
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	No
Corporate shareholder allowed	Yes
Location of meetings	Anywhere
Company Secretary
Required	No
Local or qualified	N/A
Accounts
Requirements to prepare	Yes
Audit requirements	No
Requirements to file accounts	No
Publicly accessible accounts	No
Other
Requirement to file annual return	No
Migration of domicile permitted	Yes

 
Advantages

1. No financial reporting requirements
2. Amendments to the Memorandum and Articles of Association can be easily made
3. IBCs can conduct business with Bahamians directly and may also own Bahamian real estate but will be subjected to local tax laws, exchange controls and stamp duty
4. Zero corporate tax
5. Political and economic stability
6. Lies in close proximity to North and South America
7. Absence of exchange, currency and capital controls
8. Absence of double tax treaties
9. Modern and simple incorporation laws and procedures
10. Non-disclosure of shareholder information

The Valsen Advantage

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