international business companies, IBC, bahamian offshore accounts, offshore corporations, incorporations

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Quick facts about Bahamian International Companies (IBCs)

Minimum number of shareholders
Two (2)

Annual Government Fee
(Min. Authorized Share Capital of US$5,000)
US$330

Disclosure to Government of beneficial owners
NO

Public disclosure of directors and officers
YES

Minimum officers required
1 Director

Corporate Directors permitted
YES

Corporate Secretary permitted
YES

Bearer shares permitted
NO

Local representation essential
Registered Agent & Address

Ready-made companies available
YES

Corporate or Personal Income Tax
NO

Accounts to be audited
NO

The Commonwealth of the Bahamas offers one of the most stable political democracies in the Western Hemisphere. It is a strategically located archipelago a mere 50 miles off the coast of the United States of America, providing excellent opportunities for the discerning investor and offering a safe harbor for corporate and personal assets. It is a vibrant and mature international financial center linked to every major international market in the world.

The Bahamas boasts over 350 banks and trust companies. The full range of modern services thrive here, including private banking, company registration, captive insurance, ship's registry, estate, portfolio and trust management and asset protection. The Bahamas has no exchange control regulations for non-Bahamians and the official currency is the Bahamian dollar which is on par with the US dollar.

In December 2000, The Bahamas repealed the International Business Companies Act which had been brought into effect in 1990 to allow swift incorporation procedures and uncomplicated ongoing administration. This act is now replaced by the International Business Companies Act, 2000. The most important features of the new Act are reflected in the Quick Facts table above.