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Why do companies incorporate in Bahamas?

Updated time: 09 Jan, 2019, 15:35 (UTC+08:00)

The Bahamas is a part of the British Commonwealth. Your Bahamas IBC can be incorporated in an economically and politically stable country where all documents are filed in English.

Why do companies incorporate in Bahamas?

Bahamas IBCs are exempt from a large number of taxes and duties. Bahamas IBCs are exempt from inheritance, succession and gift taxes, as well as stamp duties in respect of transfers, and foreign exchange control regulations. Shareholders are exempt from all income taxes, capital gains taxes and corporate taxes. Transaction tax is not imposed for 20 years from the date of incorporating in Bahamas. Bahamas IBCs are exempt from all business license fees and do not require a license under the Business License Act.

Bahamas IBCs are very flexible. The corporate domicile of an IBC may be changed from the Bahamas to another jurisdiction. An IBC may merge or consolidate with another IBC or with an ordinary company under the Companies Act, provided that the surviving entity is an IBC. An IBC may also merge with a foreign company. Your IBC may conduct its business in any foreign currency it chooses free of Bahamian Government regulations or restrictions.

Bahamas IBC provides extensive confidentiality for the directors and shareholders. All IBCs ensure extensive confidentiality for the directors and shareholders; there is no disclosure to the government of the company’s beneficial owners and there are minimum ongoing compliance requirements

It is quick to incorporate an Bahamas IBC. A Bahamas International Business Company can be incorporated in three days.

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