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registration of legal entity

Стоимость регистрации Стоимость со второго года Количество директоров Налог на прибыль Оплаченный УК Бухгалтерская отчетность
1455.00 USD 1390.00 USD 1 0.00% 1.00 Нет

Registration of a company in the Bahamas

bagamy_0.jpgThe Bahamas is disseminated on the islands of the same name, which are washed by the waters of the Atlantic Ocean. The official name is the Commonwealth of the Bahamas. The state has the status of independent one, and it consists of about 700 islands (approximately 40 of them are inhabited). In addition, over 2,000 reefs are also parts of the Bahamas.

The area of the state is approximately 13,900 km2, while the total area of the archipelago is more than 250,000 km2. Among the largest islands there are Andros, Grand Bahama, Great Inagua, Great Abaco, New Providence (the capital of the state (Nassau) is located there), Long Island, San Salvador and others.

Only a bit more than 309 thousand inhabitants reside in the territory of the islands. British people, Canadians, and natives of the United States are in the minority there. The Queen of Great Britain is the nominal head of state, but in fact the islands are governed by the governor-general appointed by the Queen.

The surface of the Bahamas is mostly flat with prevailing karst forms of relief. The peak with the height of 63 m is situated on the Cat island.

With considerably small number of rivers on the islands, there is large number of salt lakes having outlet to the sea.

The climate of the Bahamas is tropical and subtropical. The main influence on the temperature regime of the western regions is exerted by the warm current of the Gulf Stream, and of the southeast - by equatorial winds. In summer, the average temperature reaches + 32C and above, in winter - rarely falls below + 15C. The trade winds constantly prevailing on the islands make it easier to endure the summer heat.

Company formation in the Bahamas

For some time now the words offshore company and the Bahamas have been considered as synonymous in the business world. So what is the form suitable for the formation of offshore company in the Bahamas? As a rule, company registration in the Bahamas is carried out in the form of international business company (IBC). Such forms of organizations have the status of private companies with limited liability.

Rights and obligations of IBC in the Bahamas

  • IBC has no right to conduct business with the participation of residents of the Bahamas, as well as invest in the activities of any forms of incorporation located on the islands, with the exception of financing its own registered office.
  • Offshore company in the Bahamas also is not entitled to conduct its activities in banking, trust spheres, and insurance/reinsurance sectors. It is also forbidden to transfer the address of the registered office for use by other companies. That is, registering offshore company in the Bahamas means operating only outside the state.
  • IBC is entitled to open bank account, engage local lawyers in resolving certain issues, carry out maintaining and keeping  documentation and financial statements, and hold meetings of shareholders and directors.
  • IBC can own shares, as well as bonds of other companies registered in the Bahamas. Owners of shares can be Bahamian residents.

Registration of offshore company in the Bahamas provides for:

- submission of documents from registered agents to whom local licenses are issued;

- availability of the charter and the company's memorandum of association, which shall be submitted to the registrar of companies.

What else is it necessary to know in order to register offshore company in the Bahamas

  • There are no requirements regarding the amount of the company's authorized capital. But it directly affects the rates of license fees. For example, with the authorized capital of up to $ 50,000, the contribution is $ 350, with the authorized capital of more than the preceding amount - $ 1,000.
  • Offshore company in the Bahamas can prepare only registered shares to be issued (and it is not necessary to declare their nominal value). According to the law, the issuance of certificates of shares by the directors is possible only if there are guarantees of their payment by the shareholders (by money or other property).
  • Minimum number of directors, as well as shareholders is 1 (natural or legal person).
  • The company shall have the registered office, and it should also have the agent registered in the Bahamas.
  • Maintaining register of shareholders and minutes of meetings is provided for. Such documents and data concerning shareholders and directors are not subject to public access.
  • The company’s seal shall be kept in the office. If there are well-grounded reasons, shareholders can audit the company's documentation.

Bookkeeping, offshore financial reporting and taxation of companies in the Bahamas.

  • The submission of annual report (financial or otherwise) is not provided for by the laws of the Bahamas.
  • In case of failure to pay annual state fee, provided for the renewal of registration, the company will be struck from the register one year after the last payment. It should be noted that the company struck from the register can no longer conduct business activities and manage bank accounts. But at the same time, the shareholders and directors of the struck off company are further responsible for the debts and liabilities of the company.
  • Only within five years after striking from the register the company is entitled to be renewed by paying the stipulated fees and penalties. But preliminary the corresponding decision of the local court shall be followed.
  • There is no currency control of the companies in the Bahamas.
  • There are no taxes for offshore company in the Bahamas.

If you need to quickly register offshore company in the Bahamas, please, apply to us. Registration of offshore companies in the Bahamas is one of the main directions of our work. We will also help you buy offshore company in the Bahamas within a short time. Starting your own legitimate business is easy.

Set of documents
   
  • Certificate of incorporation 
  • Memorandum and Articles of Association 
  • Register of directors
  • Register of shareholders 
  • Minutes of the first Meeting of Directors 
  • Apostilled Appointment of first director
  • Share Certiciates
  • Page with Apostille 
Nominee director and shareholder
 

Price: +485 USD

 
  • Resolution effecting the issuing the Power of Attorney 
  • Apostilled Power of Attorney 
  • Consent Letter
  • Director Resignation Letter
  • Nominee Director’s Declaration
  • Resolution effecting the change Director
  • Deed of Trust 
  • Instrument of Transfer

General information
Square13 939.00
Population316 182.00
CapitalNassau
Unemployment18.90
State polityconstitutional parliamentary democracy
Telephone code1 242
Place in the world in corruption21
locationCaribbean, chain of islands in the North Atlantic Ocean, southeast of Florida, northeast of Cuba
ClimateTropical marine; moderated by warm waters of Gulf Stream; avg. maximum temperature (July) +35°; avg. minimum temperature (January) +18°
Literacy rate95.60%
Ethnic groupsBlack 85%, white 12%, Asian and Hispanic 3%
National currencyBahamian dollar
USD exchange rate1.00
GDP per capita42
Official languageEnglish
Credit ratingBBB+
The judiciaryPrivy Council in London; Appellate courts; Higher (lower) by the Court; Courts Judges
Executive authoritygovernment, which is headed by the Prime Minister
Legislative authoritiesbicameral Parliament consisting of the Senate (16 members appointed by the Governor General on the advice of the Prime Minister and opposition leader for five-year terms) and the House of Assembly (41 dep., elected by universal suffrage for a 5-year term)
Corporate information
Opportunity to purchase ready-made companiesNo
Legal systembased on Statute Law and English Common Law
The use of the Cyrillic alphabet in the nameNo
Local registered officeNo
Organizational and Legal FormsDOMESTIC LIMITED COMPANY COMPANY LIMITED BY GUARANTEE PUBLIC COMPANY INTERNATIONAL BUSINESS COMPANY LIMITED DURATION COMPANY FOREIGN COMPANY LIMITED PARTNERSHIP EXEMPT LIMITED PARTNERSHIP TRUSTS FOUNDATIONS SEGREGATED ACCOUNT COMPANY
Indication of BPA in the nameLimited, Corporation, Incorporated, Société Anonyme, Sociedad Anónima, Gesellschaft mit beschränkter Haftung or relevant abbreviations.
Local registered agentNo
Shares and share capital
Standard currencyBahamian dollar
Information about the beneficiary is disclosed50000
The minimum amount of paid-in capital, nat. currency1
The minimum amount of the issued capital2 shares
Bearer sharesNo
The usual size of the authorized capital50000
Usual nominal value of sharesUS$1
Possibility to issue shares without par valueYes
Taxation
VATNo
Basic corporate tax rate0.00%
Capital gains taxNo
Currency controlNo
Stamp dutyNo
Director and Secretary
Minimum number of directors1
The requirement for residency directorsNo
Director of legal entities are allowedYes
The data reveals to the local agentYes
Data field to the public registryYes
The requirement for the presence of the SecretaryNo
Requirement to the residense of the SecretaryNo
Requirements to qualification of the SecretaryNo
Legal entity as the SecretaryNo
Shareholder and beneficiary
Minimum number of shareholders2
Data is entered in the public registerNo
Shareholders residency requirementNo
Information about the beneficiary is disclosedNo
Information may be disclosed to the local agentYes
Shareholders-legal entities are acceptableYes
Reporting
The requirement for filing reportsNo
Open access to reportsNo
Statutory auditNo
The requirement for filing Annual ReturnNo
Open access to the Annual ReturnNo
The requirement for reportsYes
Treaty on avoidance of double taxation (States which signed)12
Membership in the OECDNo
Is it offshore according to Russian legislationYes
Trademark Registration
TM Comprehensive Study TM Registration Request TM Registration Certificate Total
First Class Additional Class First Class Additional Class First Class Additional Class First Class Additional Class
N/A N/A 1125.00 729.00 0.00 0.00 1124.00 USD 729.00 USD
«TRADEMARK» refers to «Wordmark», «Logo» or «Wordmark + Logo»

Prices include all professional and official fees. If the change of official duties or exchange rates prices may vary.

In The Bahamas, if the Trademark Registration Request includes a logo, the image may not exceed 2 inches (aproximately 5 cm) in breadth or depth; if the image exceeds these requirements, an additional fee of USD 10 per additional inch will apply. Currently, The Bahamas does not use any international classifications system.
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