Bahamas IBC Company Incorporation

A Bahamas International Business Company can be incorporated in three days. As the Bahamas is a part of the British Commonwealth your IBC can be incorporated in an economically and politically stable country, where income, capital gains, inheritance and transaction tax is not imposed for a period of 20 years from the date of incorporation. Another feature of incorporating an IBC is that only one director is required. This may be an individual or a corporation, and meetings of directors may be held in any country. Your IBC may conduct its business in any foreign currency it chooses free of Bahamian Government regulations or restrictions.

Company Name

Your IBC can be in any language using the latin alphabet, as long as the relevant translation is approved first. An IBC will need to end with a suffixes to denote limited liability: Ltd, Corp, Inc, GmbH or similar. Certain words are prohibited such as names suggesting the patronage of any Government or country. Name restrictions apply for the names that have been previously incorporated with existing company, or are similar to an existing name. The name approval process takes less than thirty minutes, and a name may be reserved for 10 days.Another feature of incorporating an IBC is that only one director is required. This may be an individual or a corporation, and meetings of directors may be held in any country. Your IBC may conduct its business in any foreign currency it chooses free of Bahamian Government regulations or restrictions.

Directors

Directors may be of any nationality and may reside anywhere. Only one director is required and the names of directors do not appear in public records. Also, there is no requirement to appoint a local resident director.Another feature of incorporating an IBC is that only one director is required. This may be an individual or a corporation, and meetings of directors may be held in any country. Your IBC may conduct its business in any foreign currency it chooses free of Bahamian Government regulations or restrictions.

Shareholders

Shareholders may be of any nationality and may reside anywhere. Only one shareholder is required and the sole director can be the same person...