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
  • 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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