The Bahamas became independent from the UK in 1973, although the Queen remains Head of State. Beginning 50 miles off Florida, in the Caribbean, the Bahamas has 700 islands and a population of just over 350,000. The Bahamas was a trust and tourist jurisdiction very early in the 20th century, but was relatively late in developing as a financial centre. The economy is heavily dependent on tourism, but financial services are growing in importance.
Key Corporate Features and Requirements
General
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Type of entity: International Business Company (IBC)
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Type of law: Common
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Shelf Companies are not available
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Time to establish a new company: 2-5 days
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Corporate taxation: Nil
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Double taxation treaty access: No
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Standard currency: US$ (Dollars)
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Permitted currencies: Any
Directors
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Minimum number: One
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Local required: No
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Publicly accessible records: Yes
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Location of meetings: Anywhere
Shareholders
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Minimum number: One
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Publicly accessible records: No
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Location of meetings: Anywhere
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Company secretary required: No
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Local or qualified: No
Accounts
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Requirement to prepare: Yes
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Audit requirements: No
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Requirement to file accounts: No
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Publicly accessible accounts: No
Other
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Requirement to file annual return: No
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Change in domicile permitted: Yes
Are you interested in setting up a company in Bahamas? Then contact us by filling in the form below.