GENERAL INFORMATION

Total area - 13,878 sq km
Population - 391,232
Political status - Parliamentary monarchy
Capital - Nassau
Official language - English
Official currency - Bahamian Dollar (BSD)
Time zone - GMT – 5

 

Basic Information
1. Political Stability1. Good
2. British Based Legal System2.Yes
3. Type of Company3. IBC
4. Migration of Domicile Permitted4. Yes
5. Tax by Jurisdiction on Offshore Profits5. Nil
Corporate Requirements
1. Minimum Number of Shareholders
1. One
2. Minimum Number of Directors
2. One
3. Corporate Directors Permitted
3. Yes
4. Secretary Required
4. No
5. Standard Authorised Capital
5. USD 50,000
6. Bearer Shares Permitted6. No
Local Requirements​
1. Registered Office/ Registered Agent
1. Yes
2. Company Secretary
2. No
3. Local Directors
3. No
4. Local Meetings
4. No
Due Diligence / Disclosure
1. Due Diligence Required
1. Yes
2. Disclosure of Beneficial Owner on Public File
2. No (*BA)
3. Government Filing of Register of Directors/Secretary
3. Yes
4. Government Filing of Register of Shareholders
4. No
Annual Requirements
1. Annual Return
1. No
2. Audited Accounts
2. No
Shelf Companies AvailableNo
Days to Incorporate Companies on Request (Approx.)5-6
Tax Treaties AccessNo

*BA – Only to Registered Agent

 

Notes:

  • The Bahamas is a classical tax-free jurisdiction which does not require complicated procedures for company maintenance or annual reporting.
  • The jurisdiction has high due diligence requirements in respect of disclosing information about the company owner. The Bahamas was one of the first jurisdictions that began to apply Know Your Client standards. However, a Bahamas company will serve its owner who supplies the required information in accordance with the current standards of local legislation in a similar manner to any other classical offshore company.
  • The name of a Bahamas IBC company must end with the words "Incorporated", "Corporation", "Limited", or suffixes such as "Inc.", "Corp.", "Ltd.", "GmbH", "S.A", etc.

Contact us

Igoumenitsas 12,
CONNECTEDSKY HOUSE, P.C. 2027,
Strovolos, Nicosia, Cyprus

Tel:
70003517 in Cyprus
+357 22258800 from abroad

Fax:
+357 22258801

Email: info@connectedsky.com