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The following are some of the most frequently asked questions about Bahamas company formation:
How long does it take to incorporate a Bahamas company?
What are the problems of setting up a Bahamas company?
How difficult is it to open a corporate bank account for a Bahamas company?
Am I required to visit Bahamas to incorporate a company there?
What is the minimum number of directors required for a Bahamas company?
Can my company be 100% foreign-owned?
Is a resident director required?
What is the minimum number of shareholders required for a Bahamas company?
Are shareholder/director details available for public viewing?
What are the minimum capital requirements for a Bahamas company?
Is a Bahamas company required to submit an annual return and/or financial statements?
How long does it take to incorporate a Bahamas company?
Setting up a Bahamas company can take approximately 4 weeks once all required information and documents have given to us. Majority of time is for processing of documents at Companies Registry and Department of Ministry for Finance.
What are the problems of setting up a Bahamas company?
A Bahamas company is seen as an offshore tax haven.
How difficult is it to open a corporate bank account for a Bahamas company?
It is easy to open a corporate bank account with a reputable international bank in the Bahamas.
Am I required to visit Bahamas to incorporate a company there?
No. Healy Consultants can legally incorporate your Bahamas company without you needing to travel.
What is the minimum number of directors required for a Bahamas company?
In order to form an IBC in Bahamas company, a minimum of one director is required, who need not by resident. A registered agent is required.
Can my company be 100% foreign-owned?
Foreigners can own 100% of a non-resident company (one not trading within the Bahamas). Foreign ownership is also permitted for resident companies except for a small number of business sectors.
Is a resident director required?
No.
What is the minimum number of shareholders required for a Bahamas company?
A Bahamas Local Domestic Company (LDC) requires a minimum of two shareholders while an International Business Company (IBC) requires a minimum of one.
Are shareholder/director details available for public viewing?
No, shareholder and director details are not available for public viewing.
What are the minimum capital requirements for a Bahamas company?
A Bahamas company does not require a minimum share.
Is a Bahamas company required to submit an annual return and/or financial statements?
A Bahamas company is not obliged to submit an annual return and/or financial statements, unless specified in the Articles of Association.
Contact Us
For additional information on any of our Bahamas corporate services, please email email@healyconsultants.com or telephone us at (+65) 6735 0120.
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