The Bahamas is known as the Commonwealth of the Bahamas. It consists of about seven hundred islands, it is located on the Atlantic Ocean, bordered by Florida, the United States (Northwest), Cuba, Hispaniola island and the Caribbean (south), the British Overseas Territory and Caicos Islands (south-east).

The Bahamas is a parliamentary democracy – Unitary parliamentary constitutional monarchy. The capital of the Bahamas is Nassau, making use of the United States dollar (USD) and the Bahamian dollar(BSD)  as its official currency. The official language of the Bahamas is English. The population of the Bahamas is over 300,000 people.

The legislative framework regulating company activities is the international business Act 2000 and Act 2010 (amended). The authority responsible for company formation, registration and other company related activities in this jurisdiction is the Bahamas Investments Authority (BIA)

WHY REGISTER COMPANY IN BAHAMAS?

• Politically stable jurisdiction;
• Favourable tax jurisdiction;
• Details of shareholders and beneficiaries are not available to the public;
• No minimum capital requirements;
• Minimum requirement of a shareholder and director;
• No currency control.

REGISTRATION OF COMPANY: COMPANY TYPES:

• International Business Company;
• Limited Liability Company;
• Public Company;
• Partnership;
• Unlimited Liability Companies;
• Joint Ventures;
• Sole Proprietorship;
• Bahamian Foundation.

REGISTERING A COMPANY IN BAHAMAS:

Step 1. GFSC Global works with the client to get the company’s name and activity approval from the Bahamas Investment Authority;
Step 2. GFSC Global with the client to secure the Memorandum of Association (MOA);
Step 3. GFSC Global collects, prepares and files the necessary incorporation documents on behalf of the client to the relevant authorities for approval;
Step 4. GFSC Global works with the client to open a corporate bank account in the Bahamas;
Step 5. GFSC Global deliver the certificate of incorporation personally to the client or via courier service.