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Bahamas Offshore Company

More Information

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, 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 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 [..]
Continue reading
* 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
23-Feb-2014
Things have been very smooth since my first contact with SFM and they always answered pricisely and quickly to my anwers.
21-Feb-2014
I am very pleased with the service which SFM has provided me. The process was efficient, straight forward, and quick. I have used various corporate service providers in the past and after using SFM, it has taken the number one spot. Everybody who were involved in setting up the company have been very helpful and accommodating. I will definitely be using SFM for any future business.
21-Feb-2014
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Tarif transparent
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20-Feb-2014
I am very happy with the way SFM operates. I came to them in order to have a new company incorporated. They have advised me about the best options available and were able to set up the company within a couple of days. I also paid for a bank account with that company and they were very helpful in that regard as well. They set up the meetings with the bank and I was able to go there in person and sort everything out much faster than normal. All in all, I would recommend SFM if you want to have a new company incorporated.
20-Feb-2014
SFM offered us very stable ,reliable and professional service that we highly recommend to anyone interested to open a company online. We were aware that establishing your business online without face to face communication has many disadvantages,but cooperating with SFM for that matter made us completely relaxed and secure that everything is being handled in most professional and reliable manner.
Moreover, the guidance of the staff,their constant support and kindness made the process very easy,so that they swiftly managed to establish our business that we still run today successfully.
We still use SFM services for all that we need as we progress in our business and we would not change SFM for anything!!!
Our sincere gratitude to SFM for being our best online business service !
19-Feb-2014
SFM is very professional and quickly, I used them for 3 times and for sure I will use again in the future. The office people are always available also during no working time
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