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Bahamas Offshore Company

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Steps to company formation - 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.
 
 

Banking Options

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Bahamas Company
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
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 the 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 (or identity card), as well as proof of domicile dated less than three months.**






Bahamas Offshore Company Formation


Bahamas 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. [..]
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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
09-Aug-2018
They always kept me noted for any development. They assisted me fully with any additional requirements I had or any questions that arouse during the whole process.
08-Aug-2018
I needed very quick response while my contact officer was on vacation and Ms. Alejandra Esmoris stepped in immediately and helped me. I am very, very satisfied with service that I had and Ms. Alejandra's quick and professional response.
02-Aug-2018
Ce service a été excellent à plusieurs égards.
Pour moi, la confiance est un élément fondamental et cela est le fruit d’un pari initial puis de signaux venant confirmer, ou pas, la pertinence d’un choix.
À chaque moment clé, Myriam a su envoyer ces signaux.
Au delà de la confiance, un rapport humain dans un contexte business est très important à mes yeux. Lors de nos échanges, j’ai à chaque fois pu voir à la fois la grande professionnelle au service du client mais aussi un être humain qui avait plusieurs dimensions de tête et de cœur. C’est important de ne pas être en face d’un robot !
De façon à être constructif, je ferai une ou deux remarques pour améliorer le service: lors de mon entretien téléphonique avec la banque j’aurai aimé recevoir avant un petit briefing pour le préparer au contenu de l’entretien et maximiser les chances de le réussir. Ensuite, j’aurais aimé être informé à l´avance qu’il y avait deux cartes de débit, une que la banque propose et une que SFM propose. Ceci m’aurai permi d’opter des le début pour la meilleure option.

Faire ce parcourt est une succession de prises d’informations et de prises de décisions. Ce qui a retardé le processus au début, c’est le temps et les efforts nécessaires à vérifier que SFM était une vraie société et non pas une arnaque. Cela a prit deux mois ! Mais une fois ceci accomplit, le reste de la procédure à toujours été facile et agréable, en particulier grâce au professionnalisme et à l’humamanite de Myriam, dont je loue et recommande l’excellence.

Bonne continuation !
24-Jul-2018
Excelente atendimento, equipe profissional e competente, deu todo o suporte e segurança para abertura da empresa de forma profissional. Parabéns a todos os envolvidos.
23-Jul-2018
Compétent
Rapide
Madame Farahoui excellente relationship
17-Jul-2018
Rapidité et efficacité du service.
Oui, Si besoin je ferai à nouveau appel aux services de SFM
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