Bahamas Company main characteristics:
||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.|
||Maintenance and retention of financial statements.|
||No taxes of any sort.|
|Time to form
||Bahamas has a fast and efficient registry.|
||Very stable jurisdiction with an excellent reputation.|
||Good communication means.|
||Convenient world time zone: GMT-5|
|Paid up capital requirement
||Minimum share capital: $50,000.
(No paid up capital requirement)
|Basis of legal system
||Under Common Law.|
||Minimum of 1 director and 1 shareholder.|
||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 BahamasThe 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.