Bahamas

The Bahamas are a group of around 700 islands located off the south east coast of the state of Florida, USA and have been an independent member of the British Commonwealth since 1973. The population of the Bahamas is approximately 320,000 most of which live in the capital city of Nassau on the island of New Providence.

The Bahamas is one of the most politically stable countries in the world and have an excellent range of international banks based in the islands with currently 396 banks holdings licences under the Banks and Trust Companies Regulations Act 2000.

Key Corporate Features

General

  • Basis of Legal System Common
  • Type of Company IBC
  • Tax on Offshore Profits Nil
  • Redomiciliation Permitted Yes
  • Time to Form 5-7 days

Corporate Requirements

  • Minimum Shareholders 1
  • Minimum Directors 1

Corporate Administration

  • Corporate Directors Permitted Yes

Local Requirements

  • Registered Office/Agent Yes
  • Company Secretary No
  • Director No
  • Meetings No

Public Filings

  • Directors Yes
  • Shareholders No
  • Beneficial Owners No

Annual Filing Requirements

  • Annual Return No
  • Audited Accounts No

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