| Bahamas Company Formation |
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Bahamas company formation is a tax-efficient way for entrepreneurs to conduct international business. The following information will help you determine whether Bahamas company formation is the optimum corporate structure to fulfil your international business objectives: |
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| Advantages of Bahamas Company Formation | ||||||
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Bahamas company formation is the ideal corporate structure to use when conducting business in North America. |
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Bahamas company formation allows entrepreneurs to legitimately conduct international business without paying corporation tax. Bahamas is positively ranked as the world's 47th freest economy in the Heritage Foundation's 2010 Index of Economic Freedom, a measure of freedom enjoyed in business, trade, monetary, financial, investment and labour markets. |
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Bahamas company formation is cost-effective and fast. There are no minimum capital requirements for Bahamas company formation. |
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A minimum of one shareholder and one director is required for Bahamas company formation with the directors not requiring residence in the Bahamas. Corporate directors are permitted. |
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Following Bahamas company formation, directors and shareholders details are not available for public viewing. |
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It is easy to open global corporate bank accounts to support Bahamas company formation. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services. |
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Under the Bahamas International Business Companies Act, a Bahamas company requires a registered office. However, it is not required to have a physical presence in The Bahamas. Healy Consultants offers virtual office services to support Bahamas company formation. |
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Following Bahamas company formation, neither an annual return nor an audit is required, unless specified in the company's Articles of Association. |
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| Disadvantages of Bahamas Company Formation | ||||||
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Bahamas company formation has a negative stigma since the Bahamas is perceived as an offshore tax-haven. |
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The Bahamas is committing to following the internationally recognised tax guidelines of the Organisation for Economic Cooperation and Development (OECD) and has signed 10 tax information exchange agreements (TIEAs) with countries including France, New Zealand, China, the United Kingdom and the United States. |
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Considerations for Offshore Company Formation |
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Offshore companies can be an excellent, tax-efficient vehicle for entrepreneurs to conduct their international business. When selecting an offshore jurisdiction, it is important to evaluate variables such as i) its international reputation for conducting business, ii) legalities that govern investor activity iii) the stability of its economy iv) the political stability of the market. |
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While offshore corporations can have the significant advantage of legitimately minimising tax obligations, there can also be the disadvantage of carrying the tax haven stigma associated with some jurisdictions. More information on Healy Consultants offshore company services can be found on the following pages: |
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| Contact Us | ||||||
For more information on Bahamas company formation, email email@healyconsultants.com or telephone us at (+65) 6735 0120. |
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Back to Americas Company Incorporation page. |
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| Back to Home page. | ||||||
Buy a copy of the Healy Consultants' Asia Business Set Up book, to order call +65 6735 0120 or e-mail email@healyconsultants.com
