BAHAMAS COMPANY FORMATION AND BANK ACCOUNTS
Bahamas Company. Bahamas Offshore Company.
KGN Services specializes in Bahamas Company Formation and opening Bahamas Offshore Bank Accounts.
Bahamas Offshore Company Registration – Overview
The Bahamas is an ideal financial location for individuals and corporations seeking to gain tax advantages with confidentiality. A Bahamas Offshore Company can be used for asset protection, estate planning, tax mitigation and privacy. The most direct path toward attaining these advantages is by the formation of an international business company, commonly referred to as a Bahamas IBC.
Key Benefits of Bahamas Offshore Company
- Exemption from all local taxes and stamp duty
- Maximum confidentiality and anonymity
- Ease of operation, maintenance and control
- Asset security
- No disclosure or minimum capital requirements
- The minimum number of shareholder is one
- The minimum number of director is one
- Excellent and flexible post-incorporation follow-up services
- No statutory requirement to hold annual general meetings
- Highly competitive fees and costs
Legislation
Principal Corporate Legislation
The IBC Act 2000 and The IBC (Amendment) Act 2004 as amended.
Type of Law
Common.
Language of Legislation and Corporate Documents
English.
Type of Entity for International Trade, Investment & Tax Planning
IBC – International Business Company.
Bahamas Offshore Company – Key Facts
Share Capital
Standard authorised share capital is US$50,000. Minimum paid up share capital is US$1.
Classes of Share Available
Registered shares, shares of no par value, preference shares, redeemable shares and shares with or without voting rights.
Bearer Shares
Not permitted.
Restrictions on Trading
Cannot trade within the Bahamas or own real estate there. Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Registered Agent Required
Yes.
Registered Office Required
Yes, must be maintained in the Bahamas.
Directors
The minimum number of directors is one. Director can be of any nationality and need not be resident in the Bahamas. Corporate directors are permitted.
Shareholders
The minimum number of shareholders is one.
Publicly Accessible Records
No.
Nominee Shareholders and Nominee Directors
Allowed.
Location of Meetings of Directors and Shareholders
Anywhere.
Personal Presence Required
No.
Taxation
Nil.
Double Taxation Treaty Access
None.
Requirements to File Accounts
None.
Requirement to File Annual Return
None.
Requirement to File Annual Return
None.
Audit Requirements
None.
Exchange Control
None.
Language of Name
English.
Restricted Words
Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust” etc. will require justification.
Name of a Company
The words “Limited”, “Corporation”, “Incorporated”, “Societe Anonyme”, “Sociedad Anonima”, “Gesellschaft mit beschrГ¤nkter Haftung”, “Corporation” or Ltd, Corp., Inc., S.A., GmbH must be part of the name of every IBC.
Time to Incorporate
One week.
Bahamas Company Formation Prices
Bahamas Company Formation Package Includes:
- Company Name Check
- Initial Business Approval
- Preparation of Application Documents
- Company Registration Fee
- Registered Office Address for 1 year
- Registered Agent Services for 1 year
- Government filing fee
- Memorandum & Articles of Association
- Minutes of first meeting appointing the director(s)
- Share Certificate(s)
- Register of shareholders
- Register of directors
Starting at: $2550
Why Choose KGN Services?
We’ve been helping business owners since 1996
Incorporating your business is our focus
We make a complex process fast and easy
We work closely with Companies Registries to guarantee our service
Fastest offshore companies & accounts – Most competitive pricing worldwide
Services Offered
KGN Services provides the following services in the Bahamas
- Bahamas Company Formation
- Registered Office and Agent Services
- Secretarial Services
- Nominee Shareholder / Nominee Director
- Opening of Bank Accounts
- Full Administration Services
- Mailing Address
- Trademark Registration
Bahamas – General Information
Location: Chain of islands in the North Atlantic Ocean, southeast of Florida, northeast of Cuba.
Area: total: 13,880 sq km, land: 10,010 sq km, water: 3,870 sq km. …
Capital: Nassau.
Time Zone: UTC−5.
Languages: English (official), Creole (among Haitian immigrants).
Government type: Parliamentary democracy (Parliament) under a constitutional monarchy; a Commonwealth realm.
Currency: Bahamian dollar (BSD).
KGN Services | Bahamas Offshore Company Registration | Bahamas Offshore Company Formation
Tags: Bahamas Company Formation | Bahamas Offshore | Bahamas Offshore Company
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KEY OFFSHORE JURISDICTIONS
Latin America and the Caribbean
Europe
Middle East
Africa
Asia Pacific
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Requirement to File Annual Return