Bahamas IBC Companies

Bahamas Incorporations

General Information
Company Law	IBC Act 2000, (as amended 2001)
Type of Company	International Business Company (IBC)
Language of Legislation and Corporate Documents	English
Taxation of Foreign Profits	Nil
Exchange Controls	None
Length of Time to Incorporate	2 to 3 working days
Shelf Companies Available	Yes
Corporate Names
Name Restrictions	Names identical or similar, offensive words
Endings and Abbreviations Required	Limited, Corporation, Incorporated, Sociedad Anonima, Societe Anonyme, Gesellschaft mit Beschrankter Haftung, or its respective abbreviations
Length of Time to Verify Name Availability	Two hours
Reservation of Names Permitted	Yes
Language of Name	Any language using the Latin alphabet
Name of Banks, Insurance, Investment Fund, Trust Company or their equivalents requiring consent or license	Yes
Capital and Shareholders
Minimum Number of Shareholders	One
Local Shareholders Required	No
Corporate Shareholders Permitted	Yes
Disclosure of Shareholders	No
Minimum Authorised Capital Required	No minimum
Bearer Shares Permitted	No
Registered Shares Permitted	Yes
No Par Value Shares Permitted	Yes
Directors and Officers
Minimum Number of Directors	One
Qualifications of Directors	Legal age
Officers Required	No
Corporate Directors/Officers Permitted	Yes
Local Directors/Officers Permitted	No
Appointment of Subsequent Directors/Officers	Memorandum and Articles of Incorporation
Meetings
Annual General Meeting of Shareholders Required	No
Annual General Meeting of Directors Required	No
Location of Directors and Shareholders Meetings	Anywhere
Adoption by Consent Permitted	Yes
Quorum required for purposes of meetings	As established in the Memorandum and Articles of Incorporation
Local Requirements
Qualified Registered Office/Agent	Yes/Yes
Government Register of Shareholders	Optional
Government Register of Directors/Officers	Yes
Government Register of Charges	Optional
Register of Directors/Officers to be kept at Registered Office	Yes
Company Seal Required	Yes
Copy of Minutes to be kept at Registered Office	Optional
Copy of Share Registered to be kept at Register Office	Yes
Annual Requirements
Minimum Annual License Fee or Franchise Tax	US$350.00
Annual License Fee or Franchise Tax Due Date	April 1st
Applicable Surcharges	10% and 50%
Requirement to File Annual Returns	No
Requirement to Submit Annual Audited Accounts	No
Other Relevant Information
Member of Apostille of the Hague Convention	Yes
Increase or Reduction of Capital	Directors’ resolution
Redomiciliation Prohibited	No
Reinstatement at Registry Permitted	Yes
Removal from Registry	Compulsory or voluntary winding up and dissolution, or striking-off for non-payment