Bahamas Offshore Company Registration - Business Setup

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5 simple steps are needed to incorporate your company in the Bahamas

Complete our application form - Bahamas
Complete our order form and make the payment for your chosen services. You will then be assigned a client manager to assist you through the incorporation process.
Upload your documents
Your account manager will ask you for official documents which are required for your company formation.
Incorporate your company successfully
Once your documents have been processed your company will be successfully incorporated subject to local authority approval.
Process any additional services
Your account manager will guide you through the steps of completing your request of additional services such as bank accounts.
Manage Your company via our client portal
Our client portal will give you immediate access to all your documents as well as display your company structure.

Bahamas Offshore Banking Options

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Bahamas Offshore Company Formation

Good to Know
Bahamian IBCs are allowed to make and maintain contact with professional firms, maintain books and records, hold meetings of directors or members, and lease real estate for use as an office in the Bahamas. It is also possible to obtain a license from the Minister of Finance to carry out other types of business activities on the island, if he considers that they are in the interest of the Bahamas.

Main Characteristics of a Bahamas Offshore Company

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
No accounting / reporting requirements.
N.B. As per Section 67. (1) of the IBC Act, a company shall keep such financial statements, accounts and records as the directors consider necessary or desirable in order to reflect the financial position of the company
No Taxes of any sort.
While the company may not be liable to pay taxes, please consult with a tax/legal advisor in your country of residence, to determine your own tax liability.
Standard currency
Time to form
Bahamas has a fast and efficient registry.
Very stable jurisdiction with an excellent reputation.
Good communication means.
Time zone
Convenient world time zone: GMT-5
Secretary required
Paid up capital requirement
Minimum share capital: $50,000.
(No paid up capital requirement)
Renewal Date
Anniversary date of the company / Each Year
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 a Bahamas Company
A certified copy Certification of a passport can be made by a notary, an attorney-at-law, a bank, a public officer, or in accordance with SFM indications. Kindly consult your dedicated account manager at SFM to obtain precise information. of your passport, a certified copy of proof of domicile dated less than three months, a curriculum vitae, as well as last 3 months' bank statement. All in original.**

Frequently Asked Questions
Offshore Company Formation in Bahamas

  • What type of company do you register in Bahamas?

    The type of company that we form in the Bahamas is known as an International Business Company (IBC), commonly known as offshore companies. An IBC is a company that is registered in the Bahamas and conducts its business activity purely outside the country.
  • Is a Bahamas Offshore Company (IBC) tax liable?

    No, IBC companies formed in the Bahamas are exempt from any form of taxation in the Bahamas as long as the IBC does not conduct its business in the Bahamas.

    While the company may not be liable to pay taxes, please consult with a tax/legal advisor in your country of residence, to determine your own tax liability.
  • Will my name be public once I setup a Bahamas Offshore Company (IBC)?

    Yes, the IBC Act requires the filing of the company officers’ names at the Companies Registry and appears on public record.
  • How many directors and shareholders should I appoint on my Bahamas IBC?

    A minimum of 1 director and 1 shareholder should be appointed to setup a Bahamas International Business Company (IBC).
  • Do I need to submit accounting records for my IBC company in The Bahamas?

    There are no requirements to file audited accounts. However, each company must maintain documented accounts at its Registered Office in the Bahamas or the location where accounts are kept must be declared.
  • Will my liability be limited if I register my company as an International Business Company (IBC) in The Bahamas?

    The shareholders’ liability in a Bahamas IBC is typically limited to the amount of shares respectively held by them.
  • Do I need to deposit the paid up capital for a Bahamas IBC?

    No, there is no paid up capital requirement. The standard share capital is USD 50,000 but can be amended to fit your requirements.
  • Are bearer shares allowed in the Bahamas?

    No bearer shares are not allowed in the Bahamas and tend to disappear from most jurisdictions.

Bahamas Offshore Jurisdiction News

European Council: Bahamas, Belize, Seychelles and Turks and Caicos Islands removed from the EU list of non-cooperative jurisdictions for tax purposes

28 February 2024
On 20th February 2024, the European Union (EU) made significant updates to its list of non-cooperative jurisdictions for tax purposes, notably removing Bahamas, Belize, Seychelles, and Turks and Caicos Islands from the list. [..]

Bahamas removed from FATF money laundering list

14 January 2021
Paris based Financial Action Task Authority (FATF), the regulating body[..]

Reform of Bahamas business licensing regime

16 March 2019
The Bahamian government has published details of a new corporate taxation scheme, introduced to remove the preferential [..]

* Subject to the constraints of the due diligence procedure.
** Documents must be provided for every person related to the company.
Disclaimer: Nothing on this webpage shall be construed as a contractual commitment or as a warranty. Services conditions are governed by the applicable terms and conditions.

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I incorporated a company in Delaware and did it through SFM Corporate Services Dubai.

The company services exceeded my expectations they made it very easy for me to proceed and regularly updated me on the progress.

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They are able to give the best advices and open the right doors for your business.
Thank you SFM Team 🙏

The Bahamas is an attractive choice for offshore company formation, due to its political stability and favourable business climate. The Bahamas' proximity to the United States makes it an attractive offshore jurisdiction for businesses seeking to expand their operations in the Americas. Its well-developed financial sector, skilled workforce, and business-friendly legal framework provide a range of advantages to international companies. The country's modern infrastructure and favorable business environment make it an ideal location for companies looking to establish a presence in the Caribbean region.

At SFM, we make the process straightforward with our offshore company formation services: five simple steps from registration to obtaining all relevant permits. Our dedicated personal account managers guide you every step of the way. You can use our platform to register your company in the Bahamas and any of the other jurisdictions we specialise in.

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