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Bahamas Offshore Company Registration - Business Setup

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5 simple steps are needed to register an offshore company in the Bahamas

 
 
Upload your documents
Your account manager will ask you for official documents which are required for your company formation.
 
Register your company successfully
Once your documents have been processed your company will be successfully registered.
 
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
Taxation
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
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)
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


Bahamas removed from FATF money laundering list

14 January 2021
Paris based Financial Action Task Authority (FATF), the regulating body[..]
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Good news for 11 Low-Tax Jurisdictions

5 August 2019
In good news on global tax changes in July, OECD released its latest report on Harmful Tax Practices and found few causes for concern. It found that 11 of the 12 countries present on the low-tax jurisdiction list have now complied with its “substantial activity” legislation. [..]
Continue reading

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 [..]
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* 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.

Our Client Reviews

Our Testimonials Are Verified By Feefo, A Third Party Company

4.7 out of 5 stars customer rating
Overall Rating
96% Customer satisfaction rate, testimonials verified by Feefo.com
29-Oct-2019
All went very smooth
20-Aug-2019
Helpful and available. They did the job well
31-Jul-2019
Bonjour je recommanderais sfm pour le suivi continuel et les réponse rapide, que j'ai toujours eu avec ma référente francophone madame mame Nieng...
30-Jul-2019
Très réactif, nous tiens au courant de chaque avancé, et nous conseille quand nous avons des doutes et questions. Je recommande sans soucis pour leur disponibilité et leur efficacité !
28-May-2019
Very professional. Very fast & very supportive. Oh yeah, and very friendly.
27-May-2019
We have received excellent service and great, professional advice from SFM and we will certainly use them for all ours and our clients Offshore Incorporation and Bank opening needs.

I would like to specifically thank Alexandra, Owiss and Mafalda and their teams for the excellent service to date.

Highly recommend.
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