Setup and Maintenance Costs

Incorporation (Setup) Costs - US$1400

The fee is all inclusive, no hidden costs.

Our company kits are always delivered with the same documents but may vary slightly from jurisdiction to jurisdiction.
Our corporate kits are delivered with the following documents:-
- Articles of Incorporation in English (Notarized and legalized by Apostille)
- Appointment of First Directors / Nominee Directors (if applicable)
- Nominee shareholders (if applicable)
- Shareholder certificates
- Minute Books
- Share registry books
- 1 Power of Attorney (Notarized and legalized by Apostille)
- Certificate of Incorporation
- Trust agreement (when applicable)
- Minutes and / or board resolutions when requested.

Annual Maintenance Costs

Annual Maintenance Costs - US$1000

The fee is payable after the first year and covers annual taxes, registered agent and nominees. No hidden costs.

Compliance

Authorised and Issued Share Capital.

The normal authorised share capital is US$50,000; divided in to 50,000 shares of US$1, this being the maximum capital for the minimum duty payable at the time of incorporation and the maximum authorised share capital for the minimum licence fee payable annually. The share capital may be expressed in any currency. The minimum issued capital is either two shares of no par value or two shares of par value.

Classes of Shares Permitted.

Registered shares, shares of no par value, preference shares, redeemable shares and shares with or without voting rights.

Taxation

The Bahamas is a pure tax haven and has no direct taxation in the form of income tax, capital gains tax, gift tax or inheritance tax.

Licence Fees

Financial Statement Requirements

Directors

Company Secretary

Shareholders.

Other Facilities Available in Bahamas

The Bahamas is not a party to any double tax treaties.

General Information

The Bahamas extends in a 1,225 km arc from 78 km east of Palm Beach, Florida, to just north of Haiti. The Bahamas consists of an archipelago of nearly 700 islands and 2,000 bays.

Population

The population of the Bahamas is approximately 340,000.

Political Structure

In July 1973, the Bahamas become an independent country within the British Commonwealth. A Governor General appointed by the British Government is responsible for defence, external affairs and internal security. However, the real head of the Government is an elected Prime Minister who consults with a Cabinet of sixteen, twelve Cabinet Ministers and four Ministers of State chosen from the Legislature. There are four political parties, the dominant Progressive Liberal Party, Free National Movement Party, and Labour Party. The bicameral legislature has a 49 member House of Assembly and a 16 member Senate.

Infrastructure And Economy

The Bahamas has excellent communications. There are direct flights from Europe as well as many US cities. Miami is only 30 minutes away by jet aircraft and New York is less than three hours away.

Language

The official and spoken language is English.

Currency

Bahamas Dollar is on a par with the US Dollar.

Exchange Control

Residents are subject to Exchange Control, but International Business Companies are exempted.

Type of Law

Statute Law and Common Law based on English Common Law.

Principal Corporate Legislation

International Business Companies Act 2000, as amended.

Company Information

Type of Company for International Trade and Investment

International Business Company (IBC).

Procedure to Incorporate

Registered Agent prepares the Memorandum of Association, which after being signed by the two subscribers is delivered to the Registry. The Articles of Association can either be filed at the same time as the Memorandum of Association or within 30 days from the date of incorporation.

Restrictions on Trading

Cannot trade within the Bahamas or own real estate there. Unless government permission is granted, cannot undertake the business of banking, insurance, assurance, reinsurance, fund management, ollective investment schemes, trust management, trusteeship, the rendering of investment advice or any other activity that would suggest an association with the banking or insurance industries. Cannot sell its own shares or solicit funds from the Public.

Language of Legislation and Corporate Documents

The legislation and corporate documentation are in English.

Registered Office Required.

Yes, must be maintained in the Bahamas at the address of a licensed management company or law firm.

Shelf Companies Available

Yes.

Time to Incorporate

Two days, but a further five working days is required by the Registrar for the production and release of the Certificate of Incorporation and certified copy of the Memorandum and Articles of Association.

Name Restrictions

Any name that has already been incorporated, or a name that is so similar as to cause confusion. Names such as royal or imperial. Any name which, in the opinion of the Registrar, is considered undesirable, obscene or offensive, or any name, which suggests the patronage of the Bahamas Government.

Language of Name

The name can be in any language using the Latin alphabet. The Registrar may require an English translation to ensure that the proposed name is not on the list of restricted names.

Suffixes to Denote Limited Liability

Limited, Corporation, Incorporated, Société Anonyme, Sociedad Anónima, Gesellschaft mit beschränkter Haftung or the relevant abbreviations.

Disclosure of Beneficial Ownership to Authorities

No.