Company Formation in Bahamas
Prominent financial industries with over 250 Banks
No business tax and first-rate port infrastructure
Bahamas offshore company formation
Bahamas IBC formation
– Maximum confidentiality and anonymity;
– A long history of having a reliable and trustworthy government;
– Ranking among the top offshore business hubs;
– The absence of corporate income tax, capital gains tax, and dividend tax;
– The absence of yearly reporting obligations.
Company Registration in Bahamas is perfect for:
Asset Protection Company
Intellectual Property
International Trading
Holding Company
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Four Easy Steps To Register A Company In Bahamas
1. Preparation
Ask for a free corporate name search We evaluate the name’s suitability and, if necessary, offer suggestions.
2. Filing
- Fill in the company name, directors, and shareholder(s) by logging in or registering.
- Add the shipping address, the business address, and any additional instructions.
3. Payment
Choose your payment method
4. Delivery
- All relevant documents, including as the Certificate of Incorporation, Business Registration, Memorandum and Articles of Association, etc., will be sent to you electronically. After that, a jurisdiction’s new corporation is prepared to conduct business!
- You can use the company package of paperwork to open a corporate bank account, or we can assist you using our extensive banking support service knowledge.
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Documents Required to Register a Company in Bahamas
- Scan of each shareholder, beneficial owner, and director’s colour, notarized passport
- Scan of each director’s and shareholder’s notarized address proof (this can be a gas, water or electricity bill; it must be in English and not older than three months). A certified translation is needed if it’s not in English.)
- Reference letter from a bank, an attorney, or a certified public accountant
- 3 names for proposed businesses that end in “Limited,” “Corporation,” or “Incorporated,” or the initials “Ltd,” “Corp,” or “Inc.”
- The standard authorised capital is $50,000 with a $1 par value (no minimum paid up).
FAQs
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How do I start an offshore company in the Bahamas?
Here are some things to be aware of if you intend to launch an offshore business in the Bahamas:
The Bahamas’ tax system is the most alluring aspect for establishing an offshore business. In this nation, there are no corporate taxes, income taxes, capital gains taxes, royalties taxes, dividend taxes, or interest taxes. Additionally, both resident and non-resident enterprises on the islands are subject to these terms.
In the Bahamas, establishing an offshore corporation is inexpensive, as are keeping one in operation. Your application will be completed in between 7 to 14 working days.
High levels of secrecy are available to offshore businesses in the Bahamas, which is ideal for safeguarding assets and maintaining the confidentiality of personal data. Surprisingly, the 1990 International Business corporations Act of the Bahamas forbids the sharing of information about Bahamas corporations with any other nation.
How to start an offshore company in the Bahamas with Ruihong:
Step 1 Request free company name search. We check the eligibility of the name, and make suggestions if necessary.
Step 2 Register or login and fill in the company names and director/ shareholder(s) and fill in shipping, company address or special request (if any).
Step 3 Choose your payment method
Step 4 You will receive soft copies of necessary documents including: Certificate of Incorporation, Business Registration, Memorandum and Articles of Association, etc. Then, your new company in the Bahamas is ready to do business!
Are bearer shares permitted in the Bahamas?
A bearer share is an equity security that is fully owned by the individual or business that is in possession of the actual stock certificate. Presenting the actual paperwork is the simplest way to transfer ownership because the share is not registered with any body.
Many firms do not know whether or not bearer shares are allowed in the Bahamas when registering a company there. To respond to this, bearer shares were previously permitted but were banned in 2000. Prior to that, all bearer shares were recalled on June 30, 2001.
In order to enhance company legislation and win over foreign investors’ trust, these revisions were made to the International company Company (IBC) Act 2000, which repealed the IBC Act 1989. The Act also stipulated that a corporation must have at least one shareholder and that its beneficial owners must be disclosed to the registration agent even though they are not made public.
The FSF, FATF, and OECD noted transparency concerns regarding the identification, recording, and sharing of important information about legal and corporate entities. These concerns have been addressed by the removal of Bahamas bearer shares.
Tax havens advertise themselves as places where non-residents can escape paying high taxes by locating their assets or businesses there, even though the tax systems vary by country. In reality, despite not being considered tax havens, even highly regulated countries provide tax benefits to attract international investment.
High information privacy – Tax havens in the Bahamas aggressively guard financial information. The Bahamas have formal laws or administrative procedures in place to safeguard information from outside interference and espionage.
There is no requirement for foreign organisations to have a presence in the Bahamas. There is no requirement to establish a local representation or office, produce goods or services, or engage in trade or commerce.
How to get a business license in the Bahamas?
The application form may be obtained through a Business Licence Unit office (BLU). Fill out the application and deliver it to a Treasury Office, a Family Island Administrator, or the BLU. This form also allows you to register a company name. If the name is declined, the applicant will be notified and told to select one of the other choices on the form.
The following files must be affixed to the application:
- Identification papers
- Appropriate Registration Fee
- Other industry specific Approvals
If no issues arise, the application is finished in 7 working days. The BLU will get in touch with the applicants to let them know they may pick up their Bahamas business licence.
Public trading companies, limited liability partnerships, and limited liability companies register and acquire their certificates of incorporation from the Registrar General Office. This is then brought to the BLU office.
How does the Bahamas tax system work?
The Bahamas has a relatively low tax rate. In summary:
- Income, dividends, capital gains, wealth and inheritance are all tax-free.
- There is a 12% VAT on nearly all products and services, with the exception of food and some medical services.
- On real estate transactions over $100,000, there is a 10% stamp duty.
- On owner-occupied real estate, an annual property tax of around 1.5 percent is levied.
- Many items have import taxes ranging from 25% to 40%.
The Bahamas may appear to be a tax-free haven on the surface, but to actually benefit from this jurisdiction’s tax system, the help of a professional like Ruihong is strongly advised.
How can I start an offshore company in the UK? | LLP or Private/Public Limited
Step 1 Initial UK Offshore Company Formation You will be required to give the names and contact information for each shareholder and director to our relationship managers team. You can choose whether you want standard services that take two working days or urgent services that take one working day. Additionally, please include the firm names in the proposal so that we may verify that they are eligible in the firm House system.
Step 2 You make the necessary payments for the official UK Government Fee and Our Service Fee.
Step 3 Ruihong will email you a digital copy of the documents you requested (such as the Certificate of Incorporation, Register of Shareholder/Directors, Share Certificate, Memorandum of Association and Articles, etc.) after receiving all of your information. Full UK Offshore Company kit will be delivered by express courier to your residential address.
You can open an offshore bank account for your business in Europe, Hong Kong, Singapore, or another supported jurisdiction!
How can I prevent my name from appearing if I don’t want it to?
Ruihong can also provide a nominee director and a nominee shareholder to protect your privacy.
Nominee non-beneficiary, non-executive and just name only on paperwork.