Bahamas Company Formations | Request Quotation |
The Bahamas, a member of the British Commonwealth, is a politically stable and tax-friendly destination for company incorporation. With no income, capital gains, inheritance, or transaction taxes for 20 years from the date of incorporation, the Bahamas is an ideal location for international businesses seeking a favourable tax environment. We can assist with a Bahamas company formation.
| Bahamas Company Incorporation fees | Bahamas Annual Compliance fees |
|---|---|
| Company Formation: £2800 | Registry Renewals due 31st December |
| Government License fee: US$350 | Registered Office and Resident Agent: £1200 |
| Tax Exemption Certificate: US$175 | Company Secretary: £600 |
| Registered Office and Resident Agent: £1200 | Annual Government License fee: US$350 |
| Company Secretary: £600 | Economic Substance filing fee: £480 |
| Tax Exemption Certificate: US$175 | Compliance fee: £200 |
Company Director
There is no requirement for a local resident director and the names of directors do not appear in public records.
Company Shareholders
Only one shareholder (individual or corporate) is required for a Bahamas company formation.
Company Secretary
The International Companies Act 2000 makes no specific reference to a company secretary, but one is normally appointed to facilitate signing obligations and we can provide this service.
Registered Agent and Registered Office
The company must maintain a registered agent and registered office in the Bahamas. The registered office is the address used for legal service of documents.
Authorised and Issued Share Capital
- The standard authorised share capital is US$5,000; divided into 5,000 shares x US$1.
- The share capital may be expressed in any currency.
- Minimum issued capital is two shares of no-par value or two shares of par value.
The US$5,000 capital is the minimum duty payable at the time of incorporation and the maximum authorised share capital for the minimum licence fee payable annually.
Commercial Entities Substance Requirement (CESRA)
All companies are required to submit a Commercial Entities Substance Requirement annual report.
Taxation
The Bahamas offers a 20-year tax exemption on income, capital gains, and inheritance, ensuring a highly attractive environment for foreign investors. There are no taxes on dividends, interest, royalties, or rent, and companies are completely exempt from income tax.
Bahamas Ready Made Company
It only takes 7 days to incorporate a new company in the Bahamas, for that reason we no longer offer ready-made companies in this country.
| Features of a Bahamas International Business Company (IBC) | International Business Company (IBC) Registration |
|---|---|
| Fast incorporation procedures and simple on-going administration | Reserving your Company Name |
| The sole director can also act as a shareholder | Liaising with the registrar and relevant authorities |
| Directors and shareholders can be either corporations or individuals | Structuring the company as per your requirements |
| Directors, shareholders details remain confidential | Prepare your Company Registration Forms |
| No limitations as to nationality or residence of company officers | Drafting the Articles of Association / Statutes |
| Full exemption from taxation on any business activity or transaction carried out outside the Bahamas | File the documents with the Registrar General’s Department |
| All dividends, interest, royalties, rents and compensations are exempt from the payments of income tax | Appoint the Directors |
| Tax efficiency – exemption from capital gains tax, inheritance tax and death duties | Initial Government licence fee payable on incorporation |
| Shares may be denominated in any currency | Certificate of Incorporation |
| No issued share capital requirement | Issue of shares and production of Share Certificates |
| No foreign exchange controls | All documents and certificates supplied in a professional folder |
| No requirements for preparing and submitting accounts or filing an annual return |
Incorporation Documentation
- Incorporation documents will be provided electronically, with electronic certification and signatures of the Registrar.
- Registered Agents are able to provide their clients the electronic files via email
Company Name
A Bahamas IBC’s name must end with: Ltd, LLC, Corp, Inc, GmbH or SA.
Bahamas IBC Share Register
IBCs are obligated to maintain a Share Register at its Registered Office. The register is private with no public filing of its contents
Financial Statements
In the Bahamas, the fiscal year runs from July 1 to June 30. There are no requirements to file company financial statements.