How to register a Bahamas International business company


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Bahamas Company Formation

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The International Business Companies Act, 2000, (Amendment) Act 2004, (Amendment) Act 2008, (Amendment) Act 2010

Structure

1. Only one director, who may be corporate, and one shareholder are required.
2. Shareholders, directors and officers need not be resident in the Bahamas and there is no stipulation as to their nationality.
3. Accounts need not be kept; however, if they are kept there is no requirement for an audit.
4. Shareholders and directors meetings need not be held in the Bahamas and can be held by telephone.
5. The legislation contains asset protection clauses against actions emanating from without the Bahamas; it also contains provisions for the protection of minority shareholders.

Shares and Capital Requirements
There is no minimum capital requirement; shares must be registered and may be issued in any currency; bearer shares however are no longer permitted.

IBC Taxation
An IBC is exempt from Bahamian Exchange Control, from stamp duty and from other taxes and estate duties for 20 years from the date of incorporation.


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Offshore Company Providers

A.J.K. Corporate Services (Bahamas) Limited
Provides formation and administration of companies, foundations and trust.

Alexiou, Knowles & Co.
Offers in offshore company (IBC) incorporation, trusts, insurance, banking, real estate, intellectual property, shipping and multi-jurisdictional litigation services.

Alliance Investment Management, Ltd
Offshore investment advisory and brokerage company that provides access to all major global markets and financial products. Also corporate and trust services.

Bahamas Incorporation Services Limited
Provides company incorporation and administration, bank accounts and Brokerage Accounts, referrals to corporate trustees, real estate brokers, accountants and other professions. Shelf companies also provided.

Bluewood Management Ltd
Corporate, company formation & management services.

Callenders & Co. Attorneys at Law
Offers banking, trusts and estates, mutual funds, insurance law and international shipping.

Chancellors Chambers
Corporate, company formation & management services.

Glinton Sweeting O'Brien
Corporate, company formation & management and estate planning services.

Global Corporate Management
Offers company formation, management and registered office & agent services.

Higgs & Johnson
Corporate, company formation & management services.

International Protector Group
Corporate, company formation & management and estate planning services.

Klonaris & Co
Corporate, company formation & management and estate planning services..

Lennox Paton
Corporate, company formation & management and estate planning services.

Misiewicz & Co
Corporate, company formation & management services.

MMG Bahamas Ltd
Corporate, company formation & management services.

Peter D. Maynard Counsel & Attorneys
Corporate, company formation & management services.

Sharon Wilson & Co
Corporate, company formation & management services.

Trident Corporate Services (Bahamas) Limited
Corporate, financial and company formation services.

List of Bahamas Offshore Banks
List of Bahamas Offshore trust service providers

Background Facts
The Bahamas, is a country consisting of more than 3,000 islands, keys and islets in the Atlantic Ocean, north of Cuba and Hispaniola (the Dominican Republic and Haiti), northwest of the Turks and Caicos Islands and southeast of the US state of Florida.

Population: 316,182 (2012 est.)
Capital: Nassau
Dialing code: 242
Currency: Bahamian dollar
Exchange control:
The Bahamas have exchange controls, under the Exchange Control Act and Regulations 1956, applying to resident individuals and companies, who need consent from the Central Bank to conduct operations in foreign currencies. Likewise, non-resident or offshore companies, who are free to deal in foreign currencies, require Central Bank consent to deal in Bahamian dollars.
Government:Constitutional parliamentary democracy and a Commonwealth realm
Official language: English Language
Legal System:
Common law based on the English model

Corporate Legislation Acts: (.PDF Downloads)
The International Business Companies Act, 2000
The International Business Companies (Amendment) Act 2004
The International Business Companies (Amendment) Act 2008
The International Business Companies (Amendment) Act 2010.