Bahamas
The Bahamas is a well-established offshore jurisdiction with a business-friendly environment, tax efficiency, and strong legal framework. It is an ideal choice for international investors looking to protect assets, enhance confidentiality, and expand global operations.
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3 Reason To Start Your Business In Bahamas
No corporate income tax, capital gains tax, personal income tax, or withholding tax.
Only one director and one shareholder required, with no requirement for local presence.
Recognized by major international organizations, offering a stable legal system and no exchange control.
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What You Need to Know About Forming an International Business Company (IBC)?
What is an IBC?
An IBC (International Business Company) in the Bahamas is a flexible corporate vehicle commonly used for offshore investment, asset protection, and international trade. It offers confidentiality and ease of operation.
Do I need an IBC?
If you are looking for a tax-efficient structure with strong confidentiality, a Bahamas IBC is a strategic choice. It suits entrepreneurs and investors engaged in global business activities.
What does IBC formation mean?
IBC formation in the Bahamas means legally registering an offshore company with minimal reporting requirements, ensuring fast and smooth incorporation.
How easy is it to form an IBC?
Setting up an IBC in the Bahamas is straightforward and efficient. With minimal paperwork, most companies can be incorporated within 1 to 2 working days.
Bahamas company
registration In 4 Easy Steps
Preparation
Request free company name search We check the eligibility of the name, and make suggestion if necessary.
Filling
Register or login and fill in the company names and director/ shareholder(s).
Fill in shipping, company address or special request (if any).
Payment
Choose your payment method (We accept payment by Credit/Debit Card, PayPal or Wire Transfer).
Delivery
Get soft copies of key documents (Certificate of Incorporation, etc.) to start your business. Use the company kit to open a bank account, or let us assist with banking.
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Frequently Asked Questions
The Bahamas earned its tax haven reputation due to its foreign investor-friendly tax and business legislation. This is due to the fact that personal income, inheritance, gifts, and capital gains are not taxed in the Bahamas. Other taxes, including value-added tax (VAT), property taxes, stamp taxes, import tariffs, and license fees are the source of income for the government.
Because of its reputation for stability, the Bahamas is an international hub for banking operations that attracts global financial organizations. Consequently, this attracts many companies and wealthy foreigners . With a per-capita GDP of $34,863.70 in 2019, the Bahamas are the third wealthiest country in the continent, after the United States and Canada.
To get a Business License in the Bahamas, non-Bahamians must first submit a Project Proposal to the Bahamas Investment Authority (BIA). Non-Bahamians must have a minimum capital investment of BS$500,000 outside of “Bahamians only” areas.
The BIA will examine the application and forward it to the National Economic Council for review as well as these Government Ministry or Agency depending on the nature of the proposed commercial activity:
- Ministry of the Environment.
- Ministry of Works and Transport.
- Ministry of Housing.
- Respective Family Island Local Government.
The BIA will notify the applicant in writing once a decision has been reached. They also collaborate with other government departments and support the project after permission is granted.
A Business License Unit office (BLU) can provide the application form. Complete and submit the application form to the BLU, a Treasury Office, or a Family Island Administrator. This form also includes the registration of a business name. If the name is rejected, the applicant will be informed and directed to choose from the remaining options on the form.
These documents have to be attached to the application:
- Identification papers
- Appropriate Registration Fee
- Other industry specific Approvals
The application is completed within 7 working days if there is no problem. The applicants will be contacted by the BLU to notify them that they may pick up their Bahamas Business License.
The Registrar General Office is where public trading firms, limited liability partnerships, and limited liability companies register and obtain their certificate of incorporation. Then this is delivered to the BLU office.