OFF SHORE CORP. IN THE BAHAMAS
Why the Bahamas
The Bahamas is a leading wealth management jurisdiction boats regulatory compliance
standards comparable to those of major financial centers across the globe
It is an independent judiciary
It is one of the oldest parliamentary democracies in the Western Hemisphere
It is located in close proximity to the major Countries in Latina America and to the United
It is a sovereign Country with membership in the United Nation (UN) and Organization of
American States (OAS)
It offers more than 6,000 financial services professionals
Our clients and their needs
Our Clients Include:
High net Worth Individuals domiciled in Latina America, Europe, Middle East, Asia and
The United States
Their needs are:
International Business Company
Limited Duration Company
Segregated Account Company
Private Trust Company
Accounting and Consolidated Reporting
Establishment of a company in the Bahamas
Many banks and financial companies have their headquarters here. Offshore companies registered in this country are widely used in the world and enjoy high privacy. The institutional form of the Bahamas is the constitutional monarchy and being part of the Commonwealth the Head of State is the monarch of England.
The International Business Companies Act, 1989 (“IBC”) has created a special category for ‘offshore’ companies, hence for non-residents. Such companies pay annually, to the Bahamas tax authorities, a fee of $350 for a share capital of $50,000.
Members of the company
A company in the Bahamas must have a minimum of 1 director (administrator) and a minimum of 1 shareholder (beneficiary), which may be private or legal persons. Director and shareholder can be the same person.
Anonymity and Guarantee of Anonymity
Only the details of the administrator are in the official documents. There is the possibility of having also the aid of trustees. The shareholders are not in the public record.
The name of the company may end with the following words: Limited, Incorporated, Corporation, anonymous companies, abbreviations such as Ltd., Inc. or S.A.
The companies are set up with an authorized capital of $ 50,000 USD consisting of shares of $ 1,00 each then 50,000 shares.
Annual Financial Statements
A company in the Bahamas (IBC) is not required to present annual accounts or financial statements with the Government of Bahamas.
Anonymous and/or Fiduciary
Only the names of the trustees will appear on the public registers kept in the Bahamas Register of Companies. Official (non-public) documents are also drawn up to ensure that beneficiaries retain full control over their companies. Trustees have no executive powers and no signatures on corporate bank accounts.
Accounting obligations Maintenance and maintenance of balance sheets.
Taxation No tax of any type.
Legislation Modern offshore legislation.
Times for the Constitution The Bahamas have a fast and efficient Registry Office.
Stability stable jurisdiction with excellent reputation
Timezone Convenient time zone: GMT-5 (Europe)
Basics of the Legal System Use of Common Law.
Minimum share capital: $50,000.
Minimum number of directors/ shareholders Minimum of 1 director and 1 shareholder.
Documents necessary for the formation of a company An authenticated copy of the passport (in addition to an identity document), together with a certificate of residence of your country less than 3 months old.
Time to set up and operate The time for setting up the company, opening the bank accounts and full operation of the company are 5-7 working days.
405 LEXINGTON AVENUE
+1 305 675 3625
407 LINCOLN ROAD
MIAMI BEACH, FL
+1 305 675 3625
100 S ASHLEY DR
+1 305 675 3625
VIA MARSALA 40/C, TORRE C
+39 0331 136 2744
IN ASSOCIATION WITH
PANICO LAW FIRM
VIA CICERONE, 20
+39 081 5703 759