The Bahamas, an offshore jurisdiction in the Atlantic Ocean, has become popular for IT/Software development and online businesses due to no taxation on profits outside the islands and quick company incorporations. Ideal for various business models and time-sensitive setups.
Manimama ensures a seamless company registration process in the Bahamas. Trust us to provide expert guidance and support, so your business can thrive from day one in the Bahamas. Start your journey with confidence, knowing you have the best team by your side.
Legal Opinion about the Bahamas as a Jurisdiction for Company Formation
Ganna Voievodina
Manimama
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CEO
"The Bahamas is a favorable jurisdiction for company formation due to its well-established legal framework, favorable tax regime. Companies registered in the Bahamas benefit from zero corporate income tax, capital gains tax, and withholding tax, making it an attractive destination for international business. Additionally, the Bahamas has a reputation for strong confidentiality protections and efficient incorporation procedures, ensuring a swift and secure setup process for businesses. Its stable political environment and comprehensive regulatory standards further enhance its appeal as a global business hub".
Our Packages
Our comprehensive packages simplify the process of setting up the perfect legal entity for your business whether you are a small start-up, a non-profit company, or an international company. Let us guide you through every step, ensuring your business begins on a solid foundation.
Company Formation
- Company formation
- Registered address for the 1st year
- Annual accounting requirement bookkeeping
Annual Services
- Company renewal and registered address
- Annual Government Tax
- Mandatory Financial Beneficiary Report
Other Services
- Set of corporate documents (certified/apostille)
- Nominal service for 1 year
- Offshore banking
Key Numbers about Incorporations
2 weeksaverage term of company formation |
аt least 1shareholder in the company |
аt least 1director in the company |
0%corporate income tax (CIT) rate |
0%personal income tax (PIT) rate |
10%value-added tax (VAT) rate |
Set up Your Company in the Bahamas in Several Steps
- Step 1. Initial Setup
- Initiating a preliminary project assessment
- Preparation and filing of the package of documents
- Step 2. Company registration
- Reserving of the company name
- Preparation of registration documents
- Submitting documents to the Bahamas Corporate Registry of the Registrar General's Department
- Opening a bank account
- Obtaining business licenses (if applicable)
Requirements for Company Formation in the Bahamas
Before deciding to set up a new company in the Bahamas, read the information below to understand the characteristics of a International Business Company (IBC):
Shareholders: at least one shareholder (an individual or a legal entity; there are no residency requirements).
Director: at least one director (an individual or a legal entity; there are no residency requirements).
Minimum Share Capital: no paid up capital requirement. The standard authorized share capital is typically set at $50,000.
Legal Address: a legal registered office address within the Bahamas is required for company registration.
Registered Agent: it is necessary to appoint a local registered agent.
Liability: the liability of its shareholders is limited to the amount of capital they have invested in the company through their shares.
Accounting: no filing of accounts or reporting requirements, however, an IBC is required to keep financial records.
Taxes in the Bahamas
Corporate income tax (CIT)
There is no CIT in the Bahamas.
Personal income tax (PIT)
There is no PIT in the Bahamas.
Value-added tax (VAT)
The standard VAT rate is 10%.
Goods exported to customers abroad are classified as exempt from VAT.
Double taxation avoidance agreements in the Bahamas: there are no such agreements.
Start Your Company Formation Process with Manimama
There are numerous reasons why Manimama is the leading company formation agent in the Bahamas:
Expertise in the Bahamas Regulations
- 1. Manimama has an in-depth understanding of the legal and regulatory framework of the Bahamas.
- 2. Our team ensures all legal requirements are meticulously met for a seamless company formation process.
Local and International Experience
- 1. With extensive experience in both local and international markets, Manimama can cater to a diverse range of business needs.
- 2. Our expertise spans various industries, providing customized solutions for each client.
Efficient and Timely Service
- 1. We pride ourselves on our swift turnaround times, ensuring your company is registered promptly.
- 2. Our efficient processes minimize delays and get your business up and running quickly.
Client-Centric Approach
- 1. Manimama prioritizes customer satisfaction by offering personalized support and guidance.
- 2. Our dedicated team is always available to address any concerns and provide expert advice.
Robust Network of Local Partners
- 1. We have established strong relationships with local authorities, banks, and service providers.
- 2. This network ensures that your business receives the best possible support and resources.
Ongoing Compliance Support
- 1. We provide continuous support to ensure your business remains compliant with the Bahamas laws.
- 2. Our team keeps you updated on any regulatory changes that may impact your company.
Frequently asked questions
- What are the benefits of company formation in the Bahamas?
- What is the corporate tax rate in the Bahamas?
- Are there residency requirements for shareholders or directors?
- How long does it take to register a company?
- What is the minimum share capital requirement in the Bahamas?
Semen Kaploushenko
"Manimama OU provided exceptional legal services, guiding us through the complexities of international business setup with professionalism and expertise. Their team's attention to detail ensured our compliance and smooth operation."
Vadym Grusha
"When you become a client of Manimamа, you can count on not only that they will provide you with legal services, you can find a partner who will never abandon you if you have problems with a regulator or counterparty."
Yuriy Soshenko
"The legal advice and services from Manimama OU were top-notch. Their dedication and thorough understanding of our needs helped us achieve our business goals seamlessly."
Manimama as the Best Solution for Your Company Formation in the Bahamas
Choosing the right partner for company registration is crucial for a smooth and successful business launch. At Manimama, our legal experts specialize in navigating complex legal landscapes, providing holistic solutions tailored to your needs.
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Comprehensive Legal Expertise
Since our inception, Manimama has been at the forefront of tackling intricate legal challenges with innovative and thorough solutions. Our team of dedicated lawyers evolves alongside our firm, reflecting our people-centric philosophy and commitment to excellence.
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Results-Driven Approach
Manimama is a results-oriented law firm that offers an extensive array of legal services to both individuals and corporate entities. We pride ourselves on maintaining the highest standards of integrity and a "client-first" approach, leveraging our extensive skills and knowledge to achieve the best outcomes for our clients.
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Global Presence and Local Expertise
Our journey began with the establishment of Manimama OU's first European office in Estonia, a country renowned for its progressive regulation of virtual currencies, international investments, fintech, and gambling sectors. Estonia’s favorable tax system and digital-friendly investment climate provided a robust foundation for our expansion.
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Community Commitment
At Manimama, we believe in giving back to society and making a positive impact. Our commitment to social responsibility is integral to our operations, ensuring that we contribute to making the world a better place while helping our clients achieve their business goals.
By choosing our company formation service in the Bahamas, you are partnering with a law firm that values integrity, expertise, and client satisfaction. Let us help you set up your company in the Bahamas and pave the way for your business success.
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