This By-Laws document contains the following information: the name and location of the corporation, the shareholders, and the duties of the officers.
Bylaws Of The Corporation Form Of Business Ownership In Nassau
Category:
State:
Multi-State
County:
Nassau
Control #:
US-00444
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Word;
Rich Text
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FAQ
Yes, a non-resident can open a savings account in the Bahamas.
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.
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.
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.
ABOUT BUSINESS LICENCES The approval process is normally within seven (7) working days, providing all required information and documentation has been submitted correctly. The Business Licence Unit is located at the Department of Inland Revenue on Carmichael Road, Shops at Carmichael Plaza- Nassau, Bahamas.
Micro-enterprises are those with total annual sales amounting to not more than B$ 250,000, small enterprises are those with annual sales amounting to not more than B$1 million and medium enterprises comprises of sales amounting up to B$28 million.
The time it takes to get an EIN depends on how you apply: Online: Immediately after submitting the application through the IRS website. Fax: About four business days. Mail: About four weeks.
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.