Bahamas Company Formation

Capital: Nassau

Official languages: English

Currency: Bahamas dollar (a par with the US dollar)

Bahamas offshore incorporation & Bahamas IBC : key facts

Bahamas IBCs have been the most used business entities since the early '90s when the first International Business Companies Act was enacted and allowed for a huge number of Bahamas corporations to be registered. Such success is due to a wide range of advantages that Bahamas offshore company formation can grant to investors worldwide.

Bahamas IBC: main benefits

Besides ensuring the anonymity of the officers, the law permits a generous exemption from local taxes and exchange control for the first 20 years of incorporation, accounts need not be filed and audit is not required. Furthermore Bahamas offshore companies are able to transfer their assets in trust and thus provide an interesting offshore assets protection structure.

General information

This jurisdiction is an ex British colony made up of several hundreds of islands and located in the Caribbean Sea, the banking sector is well developed and renowned as it has recently been moved into the OECD white list.

Contact us to learn how GR Morgan Formations can assist you with starting a business in Bahamas.