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Bahamas Offshore Company Formation

The Bahamas is a coral-based archipelago in the Atlantic Ocean, comprising 700 islands and cays that range from uninhabited to resort-packed. The northernmost Grand Bahama and Paradise Island, home to the sprawling Atlantis resort, are among the best known. Scuba diving and snorkeling sites include the massive Andros Barrier Reef, Thunderball Grotto (of James Bond fame), and the black-coral gardens off Bimini.

Country: Bahamas
Population: 391,232 (estimated 2016)
Capital: Nassau
Currency: Bahamian dollar
Language: English

Bahamas Offshore Company Formation £2450.00 + Vat
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Services Included Year 1 Year 2 onwards
Incorporation Nil
Government Fee $400
Corporate Domicile $600
Annual Compliance US$75
Director and Nominee Service Optional Extra Optional Extra
Estimated renewal costs in year two: £1,170.00

Details of Company (International Business Company – IBC)

  • Can have one or more subscribers and thereafter multiple shareholders.
    Can have one or more directors.
  • Directors can be corporate or individual and need not be local residents, subject to business activity.
  • No public disclosure of shareholders.
  • Accounts are required to be prepared and maintained but not filed.
  • Annual Government Licence Fee of $400.

Banks

A member of the banking team will be able to advise on the most suitable offshore bank account.
N.B. Banking does not have to be in the jurisdiction of incorporation and this cost can be reduced substantially by our placing of offshore banking in other overseas jurisdictions.

Company Renewal

All jurisdictions have different requirements for the annual company renewal. All companies incorporated in the Bahamas must be renewed in January rather than on the anniversary of incorporation. We will automatically send you an invoice when your renewal is due.

Please note that information given on this page is subject to change at any time without notice as a consequence of changes made in local legislation.

Turner Little and its affiliates do not provide tax, legal or accounting advice. Material on this page has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.