Bahamas is not only popular for its exciting holiday options; it is also one of the most ideal business environments in the world. Many international companies go to Bahamas when they want to form a company that will give them maximum returns. Bahamas company formation allows you to enjoy huge profit returns without having to worry about over taxation. There are many types of companies that can be formed in the Bahamas.
Bahamas Domestic Limited Company
This is the type of company that is formed for the sole purpose of carrying on preexisting local business. It is limited by shares and it requires not less than two directors. The company is also required to submit its annual returns, which must include a list of all the members. An annual audit is not a necessity, but can be conducted if all shareholders agree to it. The financial statements do not need to be filed. The shares of the company do not need to be paid per value and neither do they have to have distinctive numbers.
Bahamas International Business Company
Most offshore business owners normally use this company formation. This company is a private company that is limited by shares. The companies need to submit the identities, names and addresses of all the directors and owners to the registrar General. The other requirements are quite flexible. For instance, only one registrar and one shareholder are required when registering the company. None of the company’s directors, shareholders and officers needs to be residents of the Bahamas, or any other country in particular.
The minimum capital that is required is not stipulated in any of the Bahamas Company formation rules and regulations. The only documents required for public record are the Memorandum and Articles of Association. This kind of company formation is also exempted from stamp duty, the Bahamian Exchange Control and other estate duties during its first 20 years.
Bahamas Company Limited by Guarantee
The requirements for this kind of company include at least two members and a Memorandum of Association. The Memorandum contains a clause that stipulates the amount of the company’s debts that are guaranteed by all the members. The advantages of this type of company include an exclusion of the members’ names on the annual return. The company can have control over its assets even without shares.
Bahamas Public Company
This type of company is also limited by shares. As a requirement, the company has to have a minimum of three directors. Another requirement is an annual audit at the end of its financial year. The audit must contain all the names and addresses of the directors, officers and managers and this should be sent to the Registrar General.
Bahamas Limited Partnership
Among the requirements of this type of business is one general partner who should have unlimited liability. The company’s limited partners are not allowed by law to engage in the management of the company. All limited partnerships in the Bahamas need to have the legal business license.
We provide the following company formation services, Seychelles Company Formation |Belize Company Formation| Offshore Company Formation | BVI Company Formation | Bahamas Company Formation
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