Offshore asset protection utilizing Bahamas IBC
and Bahamas offshore company

Arawak Indians inhabited the islands when Christopher Columbus first set foot in the New World on San Salvador in 1492. British settlement of the islands began in 1647; the islands became a colony in 1783. Since attaining independence from the UK in 1973, The Bahamas have prospered through tourism and international banking and investment management.

Location: Caribbean, chain of islands in the North Atlantic Ocean, southeast of Florida, northeast of Cuba.

Bahamas IBC, Bahamas offshore company

Bahamas IBCs may carry out most business activities. Bahamas offshore companies are exempt from all Bahamas taxes and stamp duties and therefore not subject to any income, capital gains or other taxes. International Business Corporation (IBC) is not subject to Bahamas Exchange Control Regulations. The exemptions remain in force for twenty years from the date of incorporation of a Bahamian offshore company. All the above is advantageous for offshore asset protection.

Taxes

Bahamas IBC pay no taxes in the Bahamas.

Shareholders

Only one shareholder is required to form a Bahamas offshore company. All shares should be registered. Details of the shareholders appear in the public record in Bahamas.

Directors

A minimum of one director is required for a Bahamas IBC. Directors may be individuals or corporations, and need not be residents of the Bahamas. Directors' details are public.

Annual reporting

Annual reports do not need to be filed. There is no requirement to have local meetings. The registers and minutes of meetings must be kept at the registered office. Bahamas offshore company must have a company seal, an imprint of which is to be kept at the registered office.

Registered agent

Bahamas IBC must keep a local Registered Office / Agent, which we will provide.

Transfer of assets

Bahamas offshore company may transfer its assets in trust for the benefit of its creditors, shareholders or other persons having an interest thus providing offshore asset protection.

Restrictions

The word "Limited", "Corporation", "Incorporated", "Societe Anonyme", "Societe Ananima", or its respective abbreviation "Ltd.", "Inc.", or "S.A.", shall be at the end of the name of the Company.

Bahamas IBC cannot

be registered under a name that contains the words "Assurance", "Bank", "Building Society" ,"Chamber of Commerce", "Chartered", "Cooperative", "Imperial", "Insurance", "Municipal", "Royal", "Trust", or a word conveying a similar meaning.

Timing

Bahamas offshore company incorporation can usually be completed within 15 -20 working days, although the extensive due diligence procedure may make this time much longer.

The maximum authorized share capital is US$ 5,000.00, for the minimum Government fees. Bahamas IBC is not required to pay the capital.

Confidentiality

The names and addresses of the Bahamas IBC directors, officers and shareholders are filed and registered in the Bahamas and therefore are public.

To initiate the incorporation of an IBC in Bahamas the client has to provide the following documents for every beneficiary, director and shareholder:

notarized passport copy;

original bank reference;

notarized proof of residence;

original professional character reference;

due diligence form.

The due diligence documents have to be forwarded to Bahamas prior to incorporation.

Schedule of fees

Formation of a Bahamas IBC including all legal fees and necessary documents, domiciliary services (registered office, agent) and government tax US$ 1 750

Shipment by courier (DHL, FedEx)  US$ 85

 

Second and subsequent years  US$ 1 090. Please note that the companies incorporated within May - December of current year will pay renewals in two installments. US$ 390 is to be paid in April of the year following the year of Bahamas offshore company incorporation and US$ 700 is to be paid on the anniversary of the Bahamas IBC.

Please advise if you would wish to proceed with Bahamas IBC formation.

We will send an invoice by e-mail or fax with wire transfer instructions. When the fees are received we will initiate the incorporation.
We will need three alternatives of proposed names and the details of directors/shareholders.

The files below may be helpful in obtaining additional information while Bahamas offshore company incorporating or utilizing a Bahamas IBC for offshore asset protection:

Important News. IBC Act 2000 .pdf file

International Business Company Act .pdf file

Bahamas Overview .pdf file

Please request additional information sending
a message to our fax numbers in:
UK: +44 870 421 1387
USA: +1 626 609 3984
or E-mail: info@privacy-solutions.com
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