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The Bahamas

Jurisdictions

Location

Caribbean sea, southeast of Florida, Northeast of Cuba

Area
13,940 sq. km.
Population
299,697
Capital
Nassau
Language

English

Currency
Bahamian dollar (1BSD=1USD)
Legal system

based on the English Common Law

Type of company

International Business Company (IBC)

Minimum authorised share capital

not fixed, standard USD 5,000

Paid capital
not fixed
Minimum number of shareholders
one, individual or corporate
Minimum number of directors
one, individual or corporate
Nominee services
available
Bearer shares

non-available

Public disclosure of beneficial owners
the data is disclosed in the presence of the registered agent and kept in his office
Taxation

IBC annual license fee of USD 350

Submit annual return and accounts

no

Annual audit
not required
Shelf companies

available

Time to supply documents
shelf companies – 1 hour, tailor made – 2 weeks
Need to travel

no

Additional information
Hague Convention 1961 applies

 

Jurisdictions

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FAQ
What is offshore?

The word "offshore" has no precise legal dictionary definition, it simply means "situated or operating in a foreign country or at some distance from the shore" and reflects the fact that most low tax jurisdictions are islands.

read more >>

Portfolio of Laws
- BVI - Trustee (Amendment) Act, 2003

- Cayman Islands - The Companies Law (CAP.22) - (2002 Revision)

- Cyprus - The Income Tax Law of 2002

more laws >>

Comparison Table >>
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G.S.L. Law & Consulting