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Bahamas Offshore IBC Company Formation

Bahamas International Business Company (IBC)

Overview of a Bahamas Offshore IBC

The Bahamas has a long-standing reputation as a premier destination and a world-leading centre for offshore company formation services. An archipelago consisting of over 700 islands spread across the Caribbean just south of Florida, the Bahamas offshore service sector has helped form over 100,000 companies over the past twenty five years.


A Bahamas International Business Company (IBC) is known for its financial privacy laws giving clients a secure jurisdiction with nominal fees and minimal regulations. The International Business Companies Act 2000 remains the main piece of legislation controlling the regulation of the offshore company formation market. With nearly 30% of the Bahamian economy coming from its offshore market, the government has continually taken measures to ensure the stability and longevity of its offshore financial markets.

For more information on the Advantages of the Bahamas as an Offshore Financial Center, click here.

Key Corporate Features of a Bahamas IBC

Bahamas IBC Corporate Details
General  
Type of Entity IBC
Type of Law Common Law
Governed by International Business Companies Act 2000; Amendment to IBC Act 2004
Registered Office in Bahamas Yes
Shelf company availability Yes
Our time to establish a new company 2-3 Business days
Minimum government fees (excluding taxation) US $350
Corporate Taxation No
Access to Double Taxation Treaties No
Share capital or equivalent  
Standard currency Bahamian Dollar
(Pegged 1 BSD = 1 USD)
Permitted currencies Any
Minimum paid up US $1
Usual authorized US $50,000
Bearer shares allowed No
No par value shares allowed Yes
Directors  
Minimum number One
Local required No
Publicly accessible records Yes
Location of meetings Anywhere
Corporate directorship allowed Yes
Shareholders  
Minimum number One
Publicly accessible records No
Corporate shareholder allowed Yes
Location of meetings Anywhere
Company Secretary  
Required No
Local or qualified N/A
Accounts  
Requirements to prepare Yes
Audit requirements No
Requirements to file accounts No
Publicly accessible accounts No
Recurring Government Costs  
Minimum Annual Tax / License Fee US $350
Annual Return Filing Fee N/A
Other  
Requirement to file annual return No
Migration of domicile permitted Yes

Advantages & Top Uses of a Bahamas Offshore IBC

Advantages

  • No financial reporting requirements
  • Amendments to the Memorandum and Articles of Association can be easily made
  • IBCs can conduct business with Bahamians directly and may also own Bahamian real estate, but will be subjected to local tax laws, exchange controls and stamp duty
  • Zero corporate tax
  • Political and economic stability
  • Lies in close proximity to North and South America
  • Absence of exchange, currency and capital controls
  • Absence of double tax treaties
  • Modern and simple incorporation laws and procedures
  • An English Common Law System
  • Non-disclosure of shareholder information

Top Uses

  • Own company shares or other legal entities
  • Hold bank accounts, financial or commercial titles
  • Own real estate and other movable or immovable goods
  • Management of international business transactions
  • Marketing of products and services
  • Estate and inheritance security
  • Asset Protection
  • Other commercial and financial activities

Bahamas IBC Company Formation with Offshore-Protection.com

Join thousands of satisfied clients who have experienced the Offshore-Protection advantage for more than 18 years. When you purchase any of our offshore company formation products, you'll get FREE support from our lawyers to help answer your overseas company day-to-day management questions.

Start the Bahamas Incorporation process with Offshore-Protection today. Order a Bahamas IBC with or without a bank account. Click on the LET'S GET STARTED button below. 

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