|Register online today or please call on||within UK - 0207 112 8188|
overseas - +442071128188
Bahamas Company Formation
Setting up an offshore company can be an excellent way to do business with a high degree of personal privacy, minimal auditing requirements and without incurring a high tax burden. Incorporating offshore in a business friendly overseas jurisdiction offers your business the combined benefits of tax exemption, anonymity and limited liability.
An English-speaking ex-British colony, the Commonwealth of the Bahamas gained independence in 1973 and has gone on to become the most economically prosperous nation in the Caribbean. A stable democracy with world-class infrastructure, the Bahamas is one of the most sophisticated and influential centres in the international offshore financial services industry. The Bahamas are currently home to more than 400 banks from over 30 countries, boasting an impressive combined asset base of more than $200billion. The island nationís legal system is based on British Common Law, making incorporating in the Bahamasí business friendly environment a no-brainer for UK based entrepreneurs.
|Although many offshore jurisdictions offer similar vehicles to international clients, IBCs in the Bahamas have additional features not found in other offshore jurisdictions. For one, the bank accounts of Bahamas IBCs do not have to be registered in Bahamas banks and may be located anywhere in the world. Bahamas registered IBCs have no maximum capital limit, and are not subject to the island nationís Exchange Control Regulations, meaning they do not have to be audited.|
Bahamas IBCs are exempt from all local taxes and stamp duties, and not subject to income tax, profit tax, sales tax, capital gains tax, dividends tax, wealth tax, withholding tax, inheritance tax, gift or estate taxes. Regardless of any future changes in local law, these tax exemptions will remain in force for twenty years from the date of incorporation, making Bahamas IBCs the perfect investment vehicle for offshore asset protection.
In addition to IBCs, 2007 legislation have made setting up Bahamas Private Trust Companies, or PTCs. Easy and accessible for non-corporate clients, PTCs have all the advantages of IBCs and are specifically designed to make wealth management and asset protection easier.