COMPANY REGISTRATION BAHAMAS
0% Corporate Income Tax
Fast company formation and no local presence requirements
Great for international business
- 12 % Value added tax
Company Registration in Bahamas will enable to benefit you from the low tax regime in Bahamas as well as grant you high privacy.
In the world when everything is public there still remains the necessity for privacy in business transactions, for which the Bahamas is a perfect location. Company in the Bahamas is formed in economically and politically stable nation, where all paperwork is submitted in English. Companies in the Bahamas are free from a wide range of taxes, for example, income taxes, capital gains taxes, and corporate taxes do not apply to shareholders.
Bahamas has a great 0% corporate tax rate for all foreign profits, great business infrastructure and certainly is one of the best places to retire.
The Bahamas, officially as the Commonwealth of The Bahamas, is a country situated within the Lucayan Archipelago of the West Indies in the Atlantic.
The country is famous for its flexibility on company formation, high confidentiality and competitive tax rates, making it the perfect location for your company.
The Bahamas market economy is primarily dependent on tourism and international financial services, making it one of the most popular places in the region for company setup. The gross national product (GNP) per capita in the Bahamas is also one of the highest in the region.
Company in the Bahamas is a perfect solution for foreign individuals and businesses seeking to do international business, with low tax rates, great economical & financial flexibility and developed secrecy laws to ensure high confidentiality.
Capital city: Nassau
Local currency: Bahamian dollar (BSD)
Official language: English / Bahamian English
Business language: English
If the Bahamas IBC does not do business in the Bahamas, it is not obliged to submit a company tax return and is not subject to Bahamas taxation. The Bahamian government uses revenue from sources like VAT and stamp taxes, providing companies tax-free environment. The Bahamas IBCs are ]exempt from stamp and estate duties and other taxes for 20 years from their incorporation date.
Developments in the Bahamas’ financial systems have contributed to make the country a very profitable business incorporation option for people all over the world. This improvement in the financial and economic climate has also benefited the banking industry, making it easier to open a company bank account n the Bahamas. Establishing a business in the Bahamas may be extremely beneficial to a foreign businessperson due to the country’s stable economy, attractive taxation system, and laws that encourage foreign investors to set up their IBC in the country.
The Bahamas preserves the integrity of its companies and shareholders at the highest level. Generally, there is a prohibition of exchange of knowledge on its firms between the Bahamas and any other country. Thus, sensitive corporate information, including business operations, data on shareholders and owners and financial data, would be kept discreet and secure.
Businesses in the Bahamas are incredibly flexible in terms of both commercial and investment activity, having no limitations to their operations. .
Although providing strict confidentiality rules, all Bahamas IBCs are expected to keep accounting records for all transactions. The Bahamas registered agent will just need the location of the accounting records, which may be kept in another country, to meet regulatory requirements. Such accounts are not required to be audited, nor are they required to be publicly filed. There are also strict prohibition of money laundering and other illicit activities.
The Bahamas’ reputation as world’s tax haven is because of its tax-friendly and business-friendly legislation for international companies. The Bahamas tax system implies that residents and resident immigrants do not pay taxes on personal income, inheritance, gifts, or capital gains. Instead, the government earns money through various types of taxation, such as value-added tax (VAT), property taxes, stamp taxes, import duties and license fees.
Choose the most suitable company formation package from STORE EU LAW FIRM, and place an online order with the available payment methods. After successful order you will receive an email confirmation with your order details.
After successful order and receipt of payment, our customer support will get in touch with you to acquire the required documentation for company formation in the Bahamas.
The company formation in the Bahamas takes between 7-14 business days after all required documents have been received. After company has been incorporated, physical company formation documents with apostilles will be sent to your mailing address.
If shareholder is a legal person:
For each ultimate beneficial owner (owns at least 25% or more shares):
Banks may request additional documentation from case to case.
Note: All documents in a foreign language must be translated into English and certified by a qualified translator.
Contact our lawyers in the Bahamas for more information and form a company and open a company bank account in the Bahamas within a couple of weeks. We typically respond in 2 hours.