British Overseas Territory located in the Atlantic Ocean North of Cuba
There are no taxes payable
Annual Government Tax
On Other Jurisdictions:
The Commonwealth of the Bahamas is situated in the Atlantic off the east coast of Florida. In 1973 it became a sovereign democratic state. The capital is Nassau, located on the Island of New Providence.
The approval of a name usually takes one day and incorporation can normally be arranged in one further day. Documents are then sent by courier which means that the complete company pack is usually in our office within 7 working days. Ready-made companies are available for immediate trading and without even those few extra days wait.
Taxation of IBC Companies
The International Business Companies Act, 1989 (“IBC”) created a special class of company to conduct 'offshore business'. The company’s only liability to Bahamian taxes will be an annual licence fee of $350 for an authorised capital of up to $50,000.
Directors And Shareholders
An IBC need have only one director and one shareholder who may be a private individual or a company.
Details of directors (but not shareholders) is on public record. Complete anonymity is available by using our nominee service.
Your company name may end with the words: Limited, Incorporated, Corporation, Societe Anonyme, Sociedad Anónima, or abbreviations such as Ltd., Inc. or S.A.
The company is authorised to issue a maximum of 50,000 shares of $1 each for the standard licence fee
An IBC is not required to file accounts with the Bahamian Government. NOMINEES Where required and subject to the satisfactory completion of our due diligence procedures, we are able to provide nominee directors and shareholders to act on behalf of the beneficiaries. The names of the nominees only will appear on the official register which is kept at the Companies Registration Office in the Bahamas and is open for inspection by any interested party, but nominee papers are drawn up to ensure that the beneficiaries retain control over the company.
London Reprsentative Office
Though your tax haven company is located outside the UK, it is still possible to give the impression that your company is a regular UK registered company, for you are able to use our address (along with telephone, fax line and email as your “UK representative office”. This does not make your company subject to UK taxes, for the use of this address is for administrative purposes only. Correspondence and messages that arrive here will be forwarded immediately on receipt.