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

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.

Telephone:

+248 252 5217

[email protected]

vf-international.com