The Bahamas are one of the best and most popular locations for creating Caribbean an offshore company, also referred to as Bahamian International Business Company (IBC). Like Ajman, the Bahamas are considered a tax-free haven. However, unlike other offshore locations, the Bahamas are a beneficial location for both those who engage in local and international trade.
Creating an offshore company and ensuring compliance can be confusing and hectic. At Mass Accounting, we work with a team of local agents in the Bahamas as well as a number of banks, such as HSBC and FBME in Cyprus. This allows us to keep up to date with legal requirements and documentation for creating and maintaining legal and compliant offshore trusts and companies so you don't have to.
Whether you're looking to register your business, want to establish an offshore trust or bank account, or need long-term compliance assistance, we're here to help! Our goal is to create comprehensive services for offshore company formation and management that make the process as simple and easy as possible. To do this, we offer:
The standart pack includes all incorporation documentation and government fees
Registered Office Address
Registered Agent Services
Company Secretarial Maintenance
All Government fees due on incorporation
1650 EURO
In addition to all incorporation documentation and government fees, this pack contains the appointment of a Professional Director and Shareholder and a local offshore bank account
Registered Office Address
Registered Agent Services
Company Secretarial Maintenance
All Government fees due on incorporation
Professional Director Service
Professional Shareholder
Offshore Bank Account
3000 EURO
Includes the same as our Privacy pack including the services of Professional Directors, Shareholders and a bank account with a prestigious offshore bank account with the provision of Bank Signatories
Registered Office Address
Registered Agent Services
Company Secretarial Maintenance
All Government fees due on incorporation
Professional Director Service
Professional Shareholder
Provision of Bank Signatories
Prestigious Offshore Bank Account
5550 EURO
The Bahamas are a zero-tax location, which does not even require paying levy sales tax. Unlike other jurisdictions, a Bahamian IBC can accept local business and own real estate, although these transactions are subject to exchange controls and stamp duty.
Recently, the Bahamas has agreed to enter into 12 tax information exchange agreements, moving it from the OECD ‘grey list' to the ‘white list' and allowing companies in the islands to better share information for tax purposes.
Because beneficial owners are not required to be named on a public register, their identities are kept private. However, the identity of directors must be publicly available. Mass Accounting can provide nominee directors to uphold anonymity. Offshore companies in the Bahamas are not required to prepare or file annual accounts, but they must keep financial records which reflect the financial position of the company.
The minimum capital for the minimum duty payable at the time of incorporation is US$1 which also covers the minimum annual license fee. The normal authorized share capital is US$50,000 divided into 50,000 shares. These shares may be expressed in any currency. The minimum issued capital is two shares with or without par value. Preference shares, redeemable shares, and shares with or without voting rights are also permitted.