Bahamas Fact Sheet
General
| Type of company | IBC |
| Political Stability | Good |
| Common or Civil Law | Common |
| Disclosure of Beneficial Ownership to Government Authorities | No |
| Migration of Domicile Permitted | Yes |
| Tax on Offshore Profits | Nil |
| Language of Name | English |
Corporate Requirements
| Min. No. of Shareholders | 1 |
| Min No of Directors | 1 |
| Min. Share Capital | US$ 1.00 (or 1 unit of an approved currency) |
| Corporate Directors | Allowed |
| Company Secretary Required | Optional |
| Usual Share Capital | US$ 50,000.00 |
| Bearer Shares | Not allowed |
| Production of Accounts | Discretion of Directors |
| Audit of Accounts | Discretion of Directors |
Local Requirements
| Registered Office | Yes |
| Registered Agent | Yes |
| Company Secretary | No |
| Local Directors | No |
| Local Shareholders | No |
| Local Meetings | No |
Annual Requirements
| Minimum Annual Tax/Licence Fee | US$ 360.00 |
Restrictions on Trading
| 1 | Cannot conduct business with persons resident on Anguilla. |
| 2 | Cannot conduct banking or trust business, insurance or reinsurance business. |
| 3 | Cannot conduct the business of providing company management services. |
Attractive Features
- Full exemption from taxation
- Speedy incorporation procedures and simple ongoing administration.
- Reasonable formation and maintenance costs and fees.
- Complete business privacy and confidentiality.
- IBCs may engage in any lawful business in any country and may carry on transactions in whatever currencies they choose.
- Director/secretary need not be resident
- Directors and/or officers can be either corporate entities or natural persons.
- AGMs not required and shareholders and /or directors may hold their meetings in any country and they may attend such meetings by proxy.
- There are no exchange controls.
- Well developed professional infrastructure.