Bahamas
Incorporation package includes
- Incorporation of a Bahamas company
- 1 year Registered Office Address
- 1 year Company Secretary Services
- Preparation of necessary resolutions and documentation
- Guidance to ensure your company remains in good standing
- Reminders and support for annual filings, renewals, and business registration renewals
Why form a company in Bahamas?
Tax-Neutral Jurisdiction
The Bahamas is a tax-free jurisdiction, meaning there is no income tax, capital gains tax, or inheritance tax on companies, making it highly attractive for holding and investment businesses.
Privacy & Confidentiality
The Bahamas offers a high level of confidentiality, as the identities of directors and shareholders are not publicly disclosed in company records.
Flexible Corporate Structure
The Bahamas allows for flexible business structures with minimal restrictions. Business owners can set up either a local or international business company (IBC), depending on the purpose of their company.
No Exchange Controls
The Bahamas has no exchange controls, meaning that businesses and individuals can freely move capital in and out of the country, facilitating international trade and investment.
Access to Global Markets
The Bahamas is strategically located near the United States, making it a prime location for businesses looking to access North American, Caribbean, and Latin American markets.
Reputable International Finance Center
The Bahamas is a recognized global financial center with a strong legal system, based on English common law, making it a trusted jurisdiction for international business and investment services.
Enjoy Bahamas's tax benefits
No Corporate or Income Tax
Offshore companies are exempt from corporate taxes.
No Capital Gains Tax
Profits from asset disposals are tax-free.
No Inheritance Tax
No taxes on estate or inheritance transfers.
No Withholding Tax
Foreign dividends and interest payments are exempt.
High Privacy
Confidentiality laws protect company information.
Delivery timeline
Setting up a company in the Bahamas is a relatively quick process, typically taking 3-5 business days. Below is the expected timeline:
Pre-Incorporation
Choose your company name, prepare the necessary documents, and finalize the company structure.
Company Registration
Submit the incorporation documents to the Bahamas Registrar General’s Department for approval.
Issuance of Certificate & Documents
After registration, you will receive the Certificate of Incorporation and the other official company documents.
Post-Incorporation
Finalize services such as obtaining a bank account, appointing directors, and fulfilling other formalities.
Required documents
To incorporate a company in the Bahamas, the following documents are required:
Director and Shareholder Information
- Copies of passports or ID cards for each director and shareholder
- Proof of residential address (e.g., utility bill or bank statement)
Company Name
Proposed company name (subject to availability and approval by the Bahamas Registrar General’s Department).
Business Activities
A description of the company’s intended business activities.
Registered Office Address
Proof of the company’s registered office address in the Bahamas (can be provided through our service).
Memorandum & Articles of Association
A document outlining the company’s structure, share capital, and rights of shareholders.
Frequently answered questions
Find answers to common questions about our services and the company formation process. We’re here to provide clarity and support for your business journey.
What are the advantages of incorporating a company in The Bahamas?
The Bahamas offers several key benefits for international businesses:
- Tax Incentives: No corporate income tax, capital gains tax, or inheritance tax.
- Confidentiality: High levels of privacy, with no public register of directors or shareholders.
- Access to International Markets: Strategic location for business operations between North and South America.
- Easy Incorporation Process: Quick company formation, typically completed within 1-2 business days.
- No Minimum Capital Requirement: Flexibility to structure your business as needed.
These factors make The Bahamas an attractive jurisdiction for international companies, especially in sectors like finance, investment, and real estate.
What types of companies can be incorporated in The Bahamas?
The most common types of business entities in The Bahamas are:
- International Business Company (IBC): The most popular form of company, ideal for holding companies, investment activities, and international trading.
- Exempted Limited Liability Company (LLC): Suitable for businesses with foreign investors, providing limited liability for shareholders.
- Branch Office: For foreign companies wishing to establish a presence in The Bahamas without forming a new entity.
- Partnerships: Both general and limited partnerships are available for joint ventures or professional services firms.
Can I incorporate a company in The Bahamas remotely?
Yes, you can incorporate a company in The Bahamas remotely.
- The incorporation process is efficient and can be completed entirely online or via mail, with no need for a physical presence.
- Speedy Incorp LLP can assist with handling all necessary documentation and submitting your application to the relevant authorities.
Do I need a local director or shareholder to form a company in The Bahamas?
- No, you do not need a local director or shareholder to register a company in The Bahamas.
- Foreigners can fully own and control their Bahamian companies.
- Speedy Incorp LLP offers nominee director and shareholder services if you prefer additional privacy or need assistance with compliance.
Are there ongoing compliance and reporting requirements for companies in The Bahamas?
The Bahamas has relatively low compliance requirements:
- Annual Returns: Companies must file an annual return with the Registrar of Companies.
- Registered Agent: All companies must have a registered agent in The Bahamas.
- No Audit Requirements: There are generally no annual audit requirements unless your company is involved in regulated sectors.
- No Financial Statements: Companies are not required to submit financial statements to the authorities unless specifically requested.
This simple regulatory environment makes The Bahamas a favored jurisdiction for international businesses looking for ease of operation.
