Bahamas Company

The Bahamas are a group of more than 700 islands located from Caribbean Sea to the South East of Florida, USA and have been an independent member of the British Commonwealth since 1973.

The Bahamas Companies Act is regulated by the Bahamas IBC Act which in turn is based on the BVI IBC Act. The Bahamas IBC Act permits related persons to set up special purpose vehicles (SPV), i.e. finite companies.

Advantages

Provide privacy protection, without disclosing shareholders and directors
No tax shall be declarable and payable
It is not required to declare the beneficial owner
It is not required to declare financial conditions
Overseas offshore companies are exempt from taxation in the Bahamas, and there are no Inheritance and Gift Tax

General Requirements

There shall be at least one shareholder, and bearer shares cannot be issued
It is required to appoint at least one director
The company shall have a common seal, and provide its specimen to the Companies Registry

Standard Registered Capital

USD50,000

Required Information and Time for Incorporation

Company name in Chinese and English
Original copy of directors and company originators' ID card or passport, or certified copy by certified public accountants, lawyers and notaries
Original copy of proof of address of the directors for the last 3 months (such as bank statements, utilities bills, gas bills, landline phone bills, etc.) or certified copy by certified public accountants, lawyers, and notaries
The registration takes about 30 working days (after the particulars are fully collected and due diligence is passed)

Offshore Company Incorporation