Cost of registration | The cost of the second year | Number of Directors | Corporate tax rates | Payment of Charter Capital | Financial statements |
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1455.00 USD | 1390.00 USD | 1 | 0.00% | 1.00 | No |
Registration of a company in the BahamasThe Bahamas is known as the Commonwealth of the Bahamas. It consists of about seven hundred islands, it is located on the Atlantic ocean, bordered by Florida, the United States (Northwest), Cuba, Hispaniola island and the Caribbean (south), the British Overseas Territory and Caicos Islands (south-east). The Bahamas is a parliamentary democracy - Unitary parliamentary constitutional monarchy. The capital of the Bahamas is Nassau, making use of the United States dollar (USD) and the Bahamian dollar(BSD) as its official currency. The official language of the Bahamas is English. The population of the Bahamas is over 300,000 people. The legislative framework regulating company activities is the International business Act 2000 and Act 2010 (amended). The authority responsible for company formation, registration and other company related activities in this jurisdiction is the Bahamas Investments Authority (BIA).
Benefits of Company Formation in the Bahamas
Business in the Bahamas: Taxes
Business in the Bahamas: Types of Company
Rights And Obligations Of IBC in the Bahamas
Bookkeeping in the Bahamas
Company Formation Requirements
How to Register a Company in the Bahamas: The Registration ProcessStep 1. Law and Trust works with the client to get the company’s name and activity approval from the Bahamas Investment Authority; Step 2. Law and Trust with the client to secure the Memorandum of Association (MOA); Step 3. Law and Trust collects, prepares and files the necessary incorporation documents on behalf of the client to the relevant authorities for approval; Step 4. Law and Trust works with the client to open a corporate bank account in the Bahamas; Step 5. Law and Trust deliver the certificate of incorporation personally to the client or via courier service. Bahamas Company Formation FAQsHow much does it cost to register a company in the Bahamas? The cost of registering a company in the Bahamas is $1455. the total cost includes the preparation of legal documents, company registration, payment of all taxes and fees at the time of registration and legal address for the company (a year). How long does it take to register a company in the Bahamas? It takes from a week to complete the company registration process in the Bahamas. Do I need a local address to register a company in the Bahamas? Yes, it is required to have to a registered local address in the Bahamas to complete the necessary company registration and formation process. Do I need a local registered agent to register a company in the Bahamas? Yes, a local registered agent is needed to complete the company registration process in this jurisdiction. How can I register a company name in the Bahamas? The registration of a company name begins with the filing of the appropriate documents, Law&Trust helps with preparation and compilation of the necessary documents ensuring it meets the requirements set out by the Bahamas Investment Authority with regards to the approval of a company name. WHY INCORPORATE WITH LAW&TRUST INTERNATIONAL?Benefits of company registration, formation, and incorporation services with Law&Trust International in the Bahamas include: Full range of related services: Provision of a full range of legal, corporate, government, and business intelligence related services in the Bahamas. A detailed overview of our services includes full legal support of the company registration procedure, obtaining a legal address, interaction with the official government authorities of the jurisdiction, state fees, legal address of the company for a year, production and registration of company stamps and advising the client as part of the registration process. Opening a bank account and the cost of these services are discussed during the consultation. Professionals and expertise of Law: Worldwide registration and legal maintenance of companies, accounting services, and audit, tax planning and optimization, trademark and patent registration. Law and Trust provide clients with the best company incorporation services. Domestic service: Law&Trust ensure our services cover every region, area or state in the Bahamas. Be rest assured that no matter where the new company intends to incorporate in the Bahamas, we’ve got the location covered. Free initial advice: Free consultation from the lawyers of Law&Trust International regarding strategies or the provision of services for analyzing and developing a legal position on an issue the client raises in the Bahamas. Confidentiality: Law&Trust makes use of modern technological features to keep the records and details of every client safe. Efficiency and productivity: Strategically providing up to date personalized services to help your business succeed. READY FOR COMPANY INCORPORATION?If you are interested in registering and incorporating a company in the Bahamas, contact Law & Trust International by simply sending an email or call now to take your business to the next level! |
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Square | 13 939.00 |
Population | 316 182.00 |
Capital | Nassau |
Unemployment | 18.90 |
State polity | constitutional parliamentary democracy |
Telephone code | 1 242 |
Place in the world in corruption | 21 |
location | Caribbean, chain of islands in the North Atlantic Ocean, southeast of Florida, northeast of Cuba |
Climate | Tropical marine; moderated by warm waters of Gulf Stream; avg. maximum temperature (July) +35°; avg. minimum temperature (January) +18° |
Literacy rate | 95.60% |
Ethnic groups | Black 85%, white 12%, Asian and Hispanic 3% |
National currency | Bahamian dollar |
USD exchange rate | 1.00 |
GDP per capita | 42 |
Official language | English |
Credit rating | BBB+ |
The judiciary | Privy Council in London; Appellate courts; Higher (lower) by the Court; Courts Judges |
Executive authority | government, which is headed by the Prime Minister |
Legislative authorities | bicameral Parliament consisting of the Senate (16 members appointed by the Governor General on the advice of the Prime Minister and opposition leader for five-year terms) and the House of Assembly (41 dep., elected by universal suffrage for a 5-year term) |
Opportunity to purchase ready-made companies | No |
Legal system | based on Statute Law and English Common Law |
The use of the Cyrillic alphabet in the name | No |
Local registered office | No |
Organizational and Legal Forms | DOMESTIC LIMITED COMPANY COMPANY LIMITED BY GUARANTEE PUBLIC COMPANY INTERNATIONAL BUSINESS COMPANY LIMITED DURATION COMPANY FOREIGN COMPANY LIMITED PARTNERSHIP EXEMPT LIMITED PARTNERSHIP TRUSTS FOUNDATIONS SEGREGATED ACCOUNT COMPANY |
Indication of BPA in the name | Limited, Corporation, Incorporated, Société Anonyme, Sociedad Anónima, Gesellschaft mit beschränkter Haftung or relevant abbreviations. |
Local registered agent | No |
Standard currency | Bahamian dollar |
Information about the beneficiary is disclosed | 50000 |
The minimum amount of paid-in capital, nat. currency | 1 |
The minimum amount of the issued capital | 2 shares |
Bearer shares | No |
The usual size of the authorized capital | 50000 |
Usual nominal value of shares | US$1 |
Possibility to issue shares without par value | Yes |
VAT | No |
Basic corporate tax rate | 0.00% |
Capital gains tax | No |
Currency control | No |
Stamp duty | No |
Minimum number of directors | 1 |
The requirement for residency directors | No |
Director of legal entities are allowed | Yes |
The data reveals to the local agent | Yes |
Data field to the public registry | Yes |
The requirement for the presence of the Secretary | No |
Requirement to the residense of the Secretary | No |
Requirements to qualification of the Secretary | No |
Legal entity as the Secretary | No |
Minimum number of shareholders | 2 |
Data is entered in the public register | No |
Shareholders residency requirement | No |
Information about the beneficiary is disclosed | No |
Information may be disclosed to the local agent | Yes |
Shareholders-legal entities are acceptable | Yes |
The requirement for filing reports | No |
Open access to reports | No |
Statutory audit | No |
The requirement for filing Annual Return | No |
Open access to the Annual Return | No |
The requirement for reports | Yes |
Treaty on avoidance of double taxation (States which signed) | 12 |
Membership in the OECD | No |
Is it offshore according to Russian legislation | Yes |
TM Comprehensive Study | TM Registration Request | TM Registration Certificate | Total | ||||
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First Class | Additional Class | First Class | Additional Class | First Class | Additional Class | First Class | Additional Class |
N/A | N/A | 1125.00 | 729.00 | 0.00 | 0.00 | 1124.00 USD | 729.00 USD |
«TRADEMARK» refers to «Wordmark», «Logo» or «Wordmark + Logo» | |||||||
Prices include all professional and official fees. If the change of official duties or exchange rates prices may vary. In The Bahamas, if the Trademark Registration Request includes a logo, the image may not exceed 2 inches (aproximately 5 cm) in breadth or depth; if the image exceeds these requirements, an additional fee of USD 10 per additional inch will apply. Currently, The Bahamas does not use any international classifications system. |