Bahamas

In recent years many laws have been enacted in Bahamas in order to meet international demands regarding transparency in offshore company formation.

Taxation
Bahamian IBCs are exempt from all taxes - income tax, capital gains tax, etc. However, an annual jurisdiction fee is payable to the Authorities.

Overview: Bahamian IBC

• Registered  Office/Agent required – provided by Kobalt.
• Registered shares only. Bearer shares are not permitted.
• A minimum of one Shareholder and one Director required; may be an individual or a corporation; no residency requirements.
• Nominee Director and Shareholder are permitted – can be provided by Kobalt.
• Details of the Directors and Shareholders of an IBC must be filed with the Registrar and are open to public inspection.
• Annual return not required.