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Bahamas Offshore Bahamas Companies

ADVANTAGES OF THE BAHAMAS

Excellent corporation law.

Flexible company law.

No taxes levied on offshore and banking transactions.

No exchange control regulations.

Political and economic stability.

Serviced by major world airlines.

Excellent hotel accommodation.

Excellent worldwide communication facilities.

Skilled personnel.

No capital gains, income or any other kind of tax.

SOCIAL AND ECONOMIC INDICATORS

Location: 

40 - 60 miles east of Florida (U.S.A.) 

Area: 

700 islands comprising 5,358 square miles. Most Bahamians live in two major urban centres: Nassau and Freeport. 

Population: 

340,000 

Climate: 

Tropical 

Official Language: 

English 

Government: 

Parliamentary Democracy. Member of the British Commonwealth recognizing Queen Elizabeth II as head of state. 

Living Standard: 

High 

Banking: 

Worldwide banking facilities available 

Legal Tender: 

Bahamian dollar, which is on a par with the U.S. dollar. 

Industry: 

Tourism, financial services and small industries. 

Uses of Bahamas Business Companies

Holder of bank accounts, fixed deposits, investment plans and any other      financial or commercial title.

Owner of the shares of other companies or legal entities.

Owner of apartments, houses, buildings, vessels and any other movable or      immovable property or goods.

Manager and promoter of business transactions.

Leasing of vehicles, machinery, vessels and others.

Borrowing or lending money, paying or receiving commissions’, royalties or      others.

Marketing and promotion of products and services.

Other commercial and financial activities.

Features of the Bahamas International Business Companies

BUSINESS TRANSACTIONS

  • IBC’s may engage in any lawful business in any country and may carry on transactions in whatever currencies they choose.

TAXATION

  • Full exemption from taxation for any business activity or transaction carried out outside The Bahamas.

AUTHORISED CAPITAL / SHARES

  • Only nominative shares are allowed.

  • No paid-in capital is required.

  • No minimum or maximum capital requirements.

DIRECTORS / OFFICERS (SECRETARY) AND SHAREHOLDERS

  • Shareholders, directors and/or officers can be either corporate entities or natural persons.

  • Initial or ongoing changes in directors and/or officers need to be updated in the Register of Director(s) and Officer(s) of the

  • The directors may grant special or general powers of attorney.

  • Companies are allowed to have a sole director.

  • Neither the directors nor the officers need be shareholders.

  • Shareholders, directors and officers may be of any nationality and may be resident of any country.

  • Shareholders and directors may hold their meetings in any country and may attend such meetings by proxy or by any electronic means (phone, fax, etc).

ANNUAL FILING

  • No requirement to file annual returns or financial statements; no requirement to hold annual general meetings of shareholders or directors.

INCORPORATION AND ADMINISTRATION

  • Excellent availability of company names for incorporation.

  • Familiarity of incorporation documents (Memorandum & Articles of Association, Certificate of Incorporation) because The Bahamas belongs to the British Commonwealth.

  • The words "Limited", "Corporation", "Incorporated", "Société Anonyme", or "Sociedad Anónima", or the abbreviations "Ltd.", "Inc." or "S.A.", may be used in a company's name.

  • Incorporation documents may be drafted in Spanish or any other language together with an English translation.

  • Speedy incorporation procedures and simple ongoing administration.

  • Incorporation procedure takes 7 days.

  • The Bahamas Registry is equipped with modern sophisticated computer equipment, which heightens speed and efficiency in the processing of documents in a timely manner.

  • Shelf companies available.

RECORD KEEPING

  • The accounting books, records and minutes of the company may be kept in any place or country at the directors' choice.

  • Annual accounts are neither required nor be filed.

REGISTERED OFFICE, CORPORATE SEAL AND LEGALISATION

  • Registered Office in The Bahamas is required.

  • Corporate seal is mandatory.

  • Use of Apostille should documentation need to be legalised. Legalisation via a Consulate is also available for some countries.

REDOMICILIATION

  • Foreign companies can be speedily redomiciled to The Bahamas.

Our Service

Fast-track incorporations / Shelf Companies

Redomiciliation of companies

Virtual office services

Confidential shareholding services through our licensed Nominee Company

Bank account opening & admin services, credit facilities & project finance

Company secretarial service

Book-keeping, Accounting & Audit services

Location of commercial property/office space on sale or for rental

For more detailed information, please contact our Formations Team [contact info here] 

 

 

 

Providing Clarity Offshore sm

 

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Claris Trustees & Fiduciaries Ltd. (Reg. No. C-39315) is licensed and regulated by the
Malta Financial Services Authority in terms of the Trusts & Trustees 2004, as amended. 
Claris Offshore is a leading offshore fiduciary and offshore company formation agent
for BVI companies, Bahamas companies, Dubai companies, Panama Companies
and Seychelles companies.

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