Offshore Companies
Choose the jurisdiction which best suits your needs
Bahamas
Why choose this jurisdiction when starting a business?
Setting up a company in the Bahamas
Incorporating a company in the Bahamas presents an appealing prospect for foreign investors, owing to the nation’s recognition as a tax haven with a conducive financial climate.
This is characterized by the absence of both corporate and personal income taxes, along with no capital gains tax. Additionally, the Bahamas boasts a long-standing commitment to banking secrecy and a reputation for political stability.
Foreign entrepreneurs find the zero-rated taxation system particularly enticing, making the Bahamas an attractive destination for establishing businesses. The country’s well-developed tourism and financial sectors serve as key drivers of economic growth, and its openness to foreign investors and capital further enhances its allure.
Geographically situated in the Atlantic Ocean, the Bahamas shares borders with Florida, the United States (Northwest), Cuba, Hispaniola island, and the Caribbean (South), as well as the British Overseas Territory and Caicos Islands (Southeast).
The Bahamas operates as a parliamentary democracy with a unitary parliamentary constitutional monarchy. Nassau serves as the capital, utilizing the United States dollar (USD) and the Bahamian dollar (BSD) as its official currencies, while English is the official language. The Bahamas has a population exceeding 400,000 people.
The legislative framework overseeing company activities is governed by the International Business Act of 2000 and the amended Act of 2010. The Bahamas Investments Authority (BIA) is the designated authority responsible for overseeing company formation, registration, and other related activities within this jurisdiction.
Stable political environment coupled with a progressive economy
Well-established reputation in the field of offshore finance
One of the most affluent Caribbean nations
Confidentiality details of shareholders and beneficiaries not disclosed to the public
Packages and Prices
Bahamas
Standard
Package
The cheapest option company formation, payment government fees, registered office, local registered agent, Client Due Diligence (CDD) full and free tax and legal assistance, and much more, to keep your entity fully compliant.
Business
Package
A special package with all services as included on the Standard Package, plus our Bank Account opening services with a local bank based in UAE, providing account opening remotely, and offering you online banking, multi-currency account, debit cards and all other major banking services you may need.
Premium
Package
A package with all services as included on the Business Package plus full Nominee Services (Nominee Members and Managers) providing you the highest degree in terms of confidentiality and anonymity.
Most Relevant Advantages
Why incorporating in the Bahamas?
Incorporating a business in the Bahamas offers several advantages, making it a popular choice for international businesses and investors. Here are some key reasons:
+ Tax Benefits
No Corporate Tax: The Bahamas does not levy corporate income tax, capital gains tax, or wealth tax. This can significantly increase the net profitability of a business.
No Personal Income Tax: There is also no personal income tax, which can be advantageous for company directors and shareholders.
+ Confidentiality
Privacy and Anonymity: The Bahamas has strict confidentiality laws. Shareholders, directors, and officers are not publicly listed, providing a high level of privacy for the individuals involved in the corporation.
+ Stable Political and Economic Environment
Political Stability: The Bahamas is known for its stable political environment, which provides a secure and predictable setting for businesses.
Currency Stability: The Bahamian dollar is pegged to the U.S. dollar, reducing currency risk for international businesses.
+ Ease of Incorporation
Efficient Incorporation Process: Incorporating a company in the Bahamas is relatively straightforward and can be completed in a short period of time. The process is streamlined, with minimal bureaucratic hurdles.
Minimal Reporting Requirements: Bahamian corporations have minimal ongoing compliance and reporting requirements compared to other jurisdictions.
+ Favorable Business Environment
Reputation: The Bahamas has a well-established reputation as a reputable international financial center, making it an attractive jurisdiction for global businesses.
Flexible Corporate Structure: The Bahamas offers flexibility in corporate structures, such as the ability to have bearer shares, which are not widely available in other jurisdictions.
+ Access to International Markets
Strategic Location: The Bahamas is geographically well-positioned, with proximity to the United States and access to major international markets.
Double Taxation Agreements: While the Bahamas itself does not levy taxes, it has a network of double taxation agreements (DTAs) with other countries, which can be advantageous for businesses operating internationally.
+ Asset Protection
Strong Legal Framework: The Bahamas has robust asset protection laws, which can shield assets from potential legal claims, making it an attractive jurisdiction for wealth management and estate planning.
+ Residency and Citizenship Options
Permanent Residency: Incorporating a business in the Bahamas can facilitate the process of obtaining permanent residency, which offers additional benefits such as ease of travel.
+ Global Banking and Financial Services
Access to World-Class Financial Services: The Bahamas is home to a sophisticated financial services industry, providing access to international banking, insurance, and investment management services.
Incorporating in the Bahamas can be a strategic decision for businesses looking to optimize tax efficiency, maintain confidentiality, and operate in a stable and reputable jurisdiction. However, it’s essential to consider the specific needs of the business, support that ATRIUM will provide you.
Frequently Asked Questions (FAQ’s)
Bahamas in Resume
Why establish a Bahamas International Business Company (IBC)?
What are the primary prerequisites for company registration in The Bahamas?
Is it possible for a foreigner to initiate a bank account in the Bahamas?
How can one register an offshore company in The Bahamas?
The process for incorporating offshore companies in the Bahamas is straightforward and involves six steps:
- Selection of an Appropriate Corporate Entity
- Reservation of the Company Name
- Registration of a Foreign Company in the Bahamas
- Opening a Corporate Bank Account
- Obtaining Business Licenses
- Ensuring Compliance with Regulatory Obligations
What is the tax rate applicable to companies in The Bahamas?
Is it mandatory for a company to appoint a company secretary?
Why choose Atrium & Associates
to register your company in the Bahamas?
Advantages of engaging Atrium & Associates for company registration, formation, and incorporation services in the Bahamas include:
Comprehensive Service Range: Atrium & Associates offers a complete spectrum of legal, corporate, government, and business services in the Bahamas. Our services include comprehensive legal support throughout the company registration process, securing a legal address, liaising with official government authorities, handling state fees, providing a legal address for the company for a year, producing and registering company stamps, and guiding clients through the registration process. Details about opening a bank account and associated costs are discussed during consultations.
Confidentiality Assurance: Atrium & Associates safeguards the records and details of every client, ensuring utmost confidentiality.
Legal Expertise: We boast worldwide registration and legal maintenance of companies, along with accounting services, audit support, tax planning and optimization, and trademark and patent registration. Atrium & Associates guarantees the provision of excellent company incorporation services to its clients.
Complimentary Initial Consultation: Clients benefit from a free consultation with Atrium & Associates Business Development Managers. This involves discussing strategies or service provisions, analyzing legal positions, and developing solutions for issues raised by clients in the Bahamas.
Conclusion
Names of directors and officers are publicly available since they are prerequisites when filing the Register of Directors with the Bahamas Registrar General’s Department. However, the use of a nominee director is still allowed. Shareholder meetings can happen via telephone or any other electronic communication.
Furthermore, an IBC in the Bahamas does not have to file annual returns and financial records can be either kept domestically or outside of the jurisdiction.
They are retrievable upon compliance requests and are not subject to any third-party auditing. However, the company is still required to pay an annual fee according to its size of operation.
Contact us to learn more about establishing a company in the Bahamas.
Our dedicated team of consultants will respond within 24 hours.
How can we help you?
Should you have any question, our Business Development Managers team will be ready to guide and assist you!
