Offshore Company Registration in Bahamas
The Bahamas is an island country of the West Indies in the North Atlantic and consists of hundreds of islands. The country's solid legal system attracts foreign investors to invest in the business. The country is bound by international treaties, making it a stable environment for business. The convenience of the business setup and the tax haven make the Bahamas a preferable choice for entrepreneurs.
- Low tax on foreign-earned income
- Corporate tax-0%
- Incorporate your company within 2-3 working days
100% Remote
Offshore Company Setup
Incorporate your company
starting from $1,870
Duration 2-3 days
Offshore Company Formation in the Bahamas - A Comprehensive Guide
Offshore company formation in the Bahamas can be completed quickly and easily with the help of a registered agent or professional services firm. The Bahamas is an appropriate choice for opening an International Business Company (IBC) holding company, Bahamian Foundation, Limited Liability Partnership (LLP), Limited Liability Company (LLC), and many more.
Overall, offshore company formation in the Bahamas can benefit companies seeking a favorable business environment with low tax rates, minimal regulation, and a stable legal system. Therefore one can build their company according to the Bahamas company register.
The Requirements for Offshore Company Formation Bahamas
The list of all of the requirements to incorporate an offshore company in the Bahamas is as follows:
- Company Name: Finalize the trade name for your company that will be registered in the country of incorporation.
- Shareholders: At least one shareholder is required, and they can be individuals or corporations. The shareholder's details must be disclosed to the Registrar.
- Directors: At least one director is required, and they can be individuals or corporations. The director's details must be disclosed to the Registrar.
- Registered Office: Your offshore company must have a registered office in the Bahamas. This address will be used for official communications.
- Memorandum and Articles of Association: These legal documents govern your company. They must be prepared and filed with the Registrar.
- Share Capital: No minimum share capital requirement exists for an offshore company in the Bahamas.
- Taxation: The Bahamas is exempt from corporate and local taxes. There are no capital gains on the inheritance tax in the country.
- Confidentiality: The Bahamas has strict privacy laws, and the Registrar will keep your company's details confidential.
- Incorporation Fees: You must pay the incorporation fee to the Registrar to form your offshore company.
Documents Required
The Process of Bahamas Company Registration
Choose a unique name for your company not already registered in the Bahamas.
Appoint a registered agent in the Bahamas who will act as your company's official point of contact.
The necessary documents for offshore company registration in the Bahamas are the incorporation certificate, memorandum of association (MOA), article of association (AOA), and statutory declaration form. All these documents must be submitted to the Department of the Registrar General.
Obtain the incorporation certificate, which contains the official proof of the company registration in the Bahamas.
The next stage is to open an offshore bank account for the offshore company for your future transaction.
Why Choose Gryffin Capitalist?
Gryffin Capitalist has a team of experts experienced in offshore company formation in the Bahamas. They can guide you through the process and ensure everything is done correctly and efficiently. In addition, they can provide fast and efficient service.
Gryffin Capitalist offers cost-effective solutions for offshore company formation in the Bahamas, benefiting those seeking to minimize expenses. In addition, we can help you design a company structure that meets your requirements. Contact us for further information.
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What our clients say
Very Prompt Service
"Gryffin Capitalist has assisted us with the opening of an offshore bank account without much hassles. I have faced issues with other companies regarding the required documents and process"
Seamless company Incorporation process
"I contacted Gryffin Capitalist to incorporate my company in the British Virgin Islands. The consultants were proactive in explaining the process and getting necessary documents in a single go thereby avoiding any resubmission and saving a lot of time."
Great Service by the team
"The team at Gryffin capitalist was very helpful in my company incorporation in the UAE. After the sales, the operations team was proactive and followed up regularly to get the company registered."
Frequently Asked Questions (FAQs)
Yes, non-Bahamians can form an offshore company in the Bahamas.
No, an offshore company in the Bahamas cannot conduct business within the country.
Yes, confidentiality is guaranteed when forming an offshore company in the Bahamas as long as all legal requirements are followed.
The tax benefits of forming an offshore company in the Bahamas include no corporate income tax, capital gains tax, withholding tax, or inheritance tax.
The costs of forming an offshore company in the Bahamas include registration, legal, and ongoing annual fees. The total cost will depend on the complexity of the company structure and the services required.