Bahamas Company main characteristics:

Company type
International Business Company (IBC).
Governing corporate legislation Companies in Bahamas are regulated under the IBC Act 200. The Securities Commission of the Bahamas is the governing authority.
Information published relating to company officers The names of company officers appear on public record. Nominee officers can be used to avoid the client's name appearing.
Accounting requirement
Maintenance and retention of financial statements.
Taxation
No taxes of any sort.
Standard currency
US$
Time to form
Bahamas has a fast and efficient registry.
Stability
Very stable jurisdiction with an excellent reputation.
Communication
Good communication means.
Time zone
Convenient world time zone: GMT-5
Secretary required
No
Paid up capital requirement
Minimum share capital: $50,000.
(No paid up capital requirement)
Basis of legal system
Under Common Law.
Minimum directors/shareholders
Minimum of 1 director and 1 shareholder.
Bearer shares
Bearer shares are not permitted.

DOCUMENTS REQUIRED FOR THE CREATION OF THE COMPANY
A certified copy of your passport (or identity card), as well as proof of domicile dated less than three months.

General information on Bahamas

The Bahamas is an English-speaking country making up part of the Caribbean area, and is located on an archipelago of 700 islands in the Atlantic Ocean, to the east of Florida and north of Cuba. Its capital is Nassau and the country has 310,000 inhabitants.

The Bahamas is an internationally-recognised and renowned offshore centre. A large number of banks and financial institutions are established there. The offshore companies registered in the country are widely-used around the globe and benefit from a high level of confidentiality.

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