Bahamas – Start your offshore company formation now

Facts about the Bahamas

Bahamas is one of the oldest providers for offshore companies. They offer excellent services, stability and all classic offshore benefits. The only disadvantage is a slightly increased compliance screening and the fact that Belize and Seychelles offer the same service at lower rates.

Offshore incorporation facts

Informations about the Bahamas
  • ComplianceMedium


  • Annual paperworkMedium


  • Tax statusFully tax exempt


  • Time to incorporate3 to 5 days


  • Company renewal12 months following registration


  • Restricted activitiesBank, Insurance, Gambling, Adult


  • LanguageEnglish


  • Minimum paid up capitalUS$ 0 (zero)


  • Bearer shares allowedNo, but nominees offered in Nominee services

Registration

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  • Company registration199 €


  • Annual Maintenance299 €


  • Registered Office299 €


  • Registered Agent299 €
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Nominee services

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  • Nominee director399 €


  • Nominee shareholder399 €
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Virtual office services

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  • Virtual office London299 €


  • Virtual office New York499 €


  • Virtual office Los Angeles499 €


  • Virtual office Moscow999 €


  • Virtual office Hong Kong999 €
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Offshore bank accounts

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  • Offshore bank account St. Vincent499 €


  • Offshore bank account Mauritius499 €


  • Offshore bank account Belize499 €


  • Offshore bank account Latvia999 €


  • Offshore bank account Cyprus999 €


  • Offshore bank account Switzerland999 €
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More information about the Bahamas

Bahamas Global

The Bahamas are famous for being pioneers within the countries in the Atlantic Ocean by allowing offshore companies to register within their borders. Offshore companies had the advantage of being fully exempt from taxes whereas local businesses invested in trading were required to pay regular taxes. Deemed by the government “International Business Companies” (IBC), these offshore companies have helped build the tax and wealth planning systems.

One of the benefits gained when registering in the Bahamas is that offshore companies are only required to pay an annual fee irrespective of profit gains and margins. Above, we have detailed the annual maintenance fees with this flat fee incorporated.

Aside from the previously mentioned benefits, the lack of taxes also comes with anonymity of accounts or figures maintained in this region. Bahamian companies are exempt from the burden of publishing yearly accounts and balance sheets meaning they do not have to audit or present the costs of CPAs.

All in all, these benefits allow you to save a great deal of time, effort, and money. It is inevitable that your company will save money on taxes, organizational costs, legal, and accounting fees, especially in comparison to local companies.

While this already makes the return on investment worth it, you will also be ecstatic to learn that it takes little time to open and operate an IBC. This is because the Bahamas lack any regulations or restrictions calling for permits, licenses, etc. that would obstruct you from functioning. Going toe-to-toe with the bureaucracy isn’t necessary because the system on your side. They will not cause trouble in your company operations, meaning a quick and easy set-up and maintenance.

While this already makes the return on investment worth it, you will also be ecstatic to learn that it takes little time to open and operate an IBC. This is because the Bahamas lack any regulations or restrictions calling for permits, licenses, etc. that would obstruct you from functioning. Going toe-to-toe with the bureaucracy isn’t necessary because the system on your side. They will not cause trouble in your company operations, meaning a quick and easy set-up and maintenance.

While this may sound like a gimmick, it works for all parties involved because of the time and effort that went into establishing the system. It is true that governments were against these practices in the past and tried to obstruct operations in any way possible, but large offshore corporations took on the challenge and showed that operating within the global network can occur without breaking laws while simultaneously allowing extensive tax reductions. The massive growth of well-known companies like Apple and Google would not have been possible if it had not been for the tremendous detail that went into tax planning.

One area that proves vital to tax planning is that status of residence for the management. Part of the reason offshore corporations like Google and Apple are able to succeed is because they take the initiative to use the local populace to staff their local operations. This may be of financial difficulty for small businesses, but OCQ alleviates this difficulty but offering our “diamond package” that includes nominee directors and shareholders. By doing this, the base of management is offshore, but you still maintain definitive control.

OCQ considers the Bahamas a reasonable location for offshore operations because of the beneficial laws on tax and wealth planning that allows businesses of all sectors and nationalities to operate smoothly. However, Belize is often a better choice for many businesses as it combines all Bahamas advantages plus a smoother registration and maintenance procedure.

Finally, we will list out point-by-point why OCQ is the perfect partner for your offshore operation formations. We have incomparable knowledge on all parties involved. We know the requirements for incorporation and maintenance by the registrar. We know our customers. We know which bank is best for you, and we are cognizant of the fact that you are looking for a cost and time effective solution to your offshore interests. We will make sure all order processing information is current, but it will never become bureaucratic. We will not send you multitudes of forms.

We know that despite out efforts in helping over 7,000 companies, this may be your first exploration of offshore operations, and we are happy to help. Our team is highly competent and can definitely help with any inquires. Please contact them at: help@offshorecompanyquick.com.

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