Bahamas

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 & Requirements

 
General
  • Type of entity: International Business Company (IBC)
  • Type of law: Common
  • Shelf Companies are not available
  • Time to establish a new company: 2-5 days
  • Corporate taxation: Nil
  • Double taxation treaty access: No
  • Standard currency: US$ (Dollars)
  • Permitted currencies: Any


Directors

  • Minimum number: One
  • Local required: No
  • Publicly accessible records: Yes
  • Location of meetings: Anywhere
 
Shareholders
  • Minimum number: One
  • Publicly accessible records: No
  • Location of meetings: Anywhere
  • Company secretary required: No
  • Local or qualified: No
 
Accounts
  • Requirement to prepare: Yes
  • Audit requirements: No
  • Requirement to file accounts: No
  • Publicly accessible accounts: No
 
Other
  • Requirement to file annual return: No
  • Change in domicile permitted: Yes
 

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