Bylaws For Company In Nassau
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To set up an offshore company in the Bahamas, individuals are required to engage a third-party registered filing agent to do the application. You'll need to prepare personal documents such as notarized passport copies and proof of residence, bank and professional character references, as well as due diligence forms.
A Bahamas Limited Liability Company (LLC) can be incorporated as a local limited liability company under the Companies Act of 1992 or as an international business company under the International Business Companies Act of 2001 with limited liability protection.
Establishing a Business in The Bahamas for Foreign Companies - Government - Services. All non-Bahamians or Permanent Residents seeking to do business in The Bahamas must submit a Project Proposal to the Bahamas Investment Authority (BIA). There are no requirements for Bahamians to qualify for this service.
A Permit to Acquire Property is required by all non-Bahamians acquiring an interest in land if the property is undeveloped land with two or more adjoining acres. A Permit is also required if the intended use is not as an owner-occupied property.
To register as a domestic company, there must be a minimum of two shareholders and two directors, and a registered office in the Bahamas. Holding of Annual General Meetings and public disclosure of the names and addresses of its directors and officers are required.
Yes, a non-resident can open a savings account in the Bahamas.
The BVI is a tax neutral jurisdiction and BVI companies are not subject to income tax, capital gains tax, withholding tax or stamp duty. BVI companies may be used in corporate structures, or to facilitate corporate transactions, without a further layer of tax being introduced.
The Bahamas has no income tax, corporate tax, value-added tax or wealth tax for those investing in offshore companies. Foreign investment in tourism and banking is especially welcome. The Bahamas is home to one of the world's largest open-registry shipping fleets.
All non-Bahamians or Permanent Residents seeking to do business in The Bahamas must submit a Project Proposal to the Bahamas Investment Authority (BIA). Additionally, from time to time the Government of the Bahamas offers targeted investment incentives for particular types of projects.
The legal requirements for a Certificate of Incorporation in the Bahamas include submitting proposed company names for approval, providing a description of the business activities, and identifying the officers and directors of the company. The necessary documents must be filed with the Registrar of Companies.
