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, 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 the Bahamas as a Jurisdiction for Company Formation
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
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
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What is the most popular type of company that can be formed in the Bahamas?The most popular type of company in the Bahamas is an International Business Company (IBC).
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What is an International Business Company (IBC) in the Bahamas?An IBC is a type of company designed for international trade and investment, offering tax advantages and flexibility in business operations.
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What are the main benefits of forming a company in the Bahamas?Benefits include no corporate income tax, capital gains tax, or withholding tax, strong confidentiality protections, and a stable political environment.
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Is a physical presence required for company formation in the Bahamas?No physical presence is required; the entire process can be handled remotely through a registered agent.
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What is the minimum capital requirement for forming a company in the Bahamas?There is no minimum capital requirement for International Business Companies (IBCs).
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Are there any residency requirements for directors or shareholders?There are no residency requirements for directors or shareholders of an IBC.
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What is the role of a registered agent in the Bahamas?A registered agent acts as the official intermediary between the company and the Bahamian government, handling incorporation and compliance matters.
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Can a single person form a company in the Bahamas?Yes, a single individual can form an IBC, acting as both the sole director and shareholder.
Client Feedbacks
"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."
"I highly recommend Manimama OU for their outstanding support. Their knowledgeable lawyers made the entire process straightforward and efficient."
"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
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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