Bahamas

Bahamas is located in an archipelago of approximately 700 islands and cays located in the Atlantic Ocean 80 kilometers east of the Peninsula of Florida. There is an estimated population of 340,000. The official language is English and its currency is the Bahamian Dollar and the US dollars that are used interchangeably throughout the island chain. The primary industries are the commercial and financial activities who offer a highly skilled workforce. The Bahamas is an independent country and continues to remain an active member of the British Commonwealth of Nations. The Bahamas has a Parliamentary type democracy. The legal system is based on the English common law, complemented by Bahamian statutes.

Highlights of Bahamas Companies:

  • No restriction of free repatriation of profits
  • Confidentiality on directors and shareholders information
  • Based on English Law
  • Well developed professional infrastructure
  • British dependent territory
  • Neutral tax jurisdiction
  • Regulated financial services industry

General Information

Type of Company

IBC

Companies Law

IBC Act 2000, (as amended 2001)

Minimum Director

One

Minimum Shareholder

One

Bearer Shares Permitted

No

Corporate Shareholders

Yes

Corporate Directors

Yes

Minimum License Fee

$350

Disclosure of Ownership

No

Corporate Seal Required

Yes