Offshore Services
Bahamas is a nation consisting of 29 islands in the Atlantic Ocean north of Cuba. Tourism and offshore banking are the two major industries supporting the economy of the Bahamas.

Bahamas has been one of the oldest offshore jurisdictions to offer trust services and has been the growing steadily as an offshore financial centre.

Requirements:

Minimum one shareholder and a corporate entity can be a shareholder.
One director and a corporate can be appointed as a director.
IBC must maintain a registered office in Bahamas.
IBC must have a registered agent who must be a designated registered agent.
Statutory books of the IBC should be kept at the registered office in Bahamas.
Annual returns must be filled as per law.
Authorised share capital of USD 50000 divided into USD 1 each. There is no need to pay up the issued share capital.
Anonymity is preserved.
No requirement of filling annual account but it is mandatory to prepare them. Audit of the accounts is not required.
There is no requirement for a company secretary but it is recommended.

Incorporation Package will include the following:

  • Memorandum and Articles of Association
  • Certificate of Incorporation
  • Register of Directors
  • Share Certificates
  • Register of Shareholders
  • 1st year registered office
  • 1st year registered agent
  • 1st year Government fees
  • Minutes of the Board meeting
  • Resolutions as per requirement
  • Corporate Seal
    Any additional documents required will be provided upon request.

Carefully setup Offshore Structure must provide the following:


  • An offshore structure allows you to trade internationally without any major restrictions.
  • An offshore structure has a legal tax exempt status and therefore the company would not be paying any corporation tax.
  • An offshore structure would preserve anonymity for which professional chartered accountants and lawyers are appointed as nominee directors and shareholders.
  • Limited Liability with no requirement of the share capital being paid up.
  • No requirement to prepare accounts, file account and other financial statements or to get the accounts audited.
  • Asset protection.

Due Diligence and KYC Requirement:

To comply with Money Laundering Regulations we are required to undertake due diligence on each beneficial owner and director who intend to undertake our services.

The documents which are required are as follows:

  • Certified Passport Copy
  • Recent Utility Bill (no older than 3 months)
  • Professional Reference (e.g. prepared by a Chartered Accountant or Lawyer)
  • Bank Reference

Please note the due diligence documents can be obtained whilst your company is being incorporated. To expedite the incorporation process you can send the scanned copies of the documents via email and the originals can be posted via recorded delivery.

If you are unable to provide any one of these documents then a suitable replacement for the same will have to be provided seeking our consent.

Kindly note that we will not release any company documents prior to the receipt of these original documents.

For further information on the incorporation procedure, kindly contact us at +44 207 096 0245 or alternatively email us at info@asarpota+sammut.com and we would ensure that you receive the most rapid and professional service possible. We appreciate your business.

Disclaimer: Whilst every effort has been made to ensure that the details contained herein are correct and updated, it does not constitute legal or professional advice of any kind. Kindly consult a professional lawyer or Chartered Accountant before making any decisions. Asarpota+Sammut International do not accept any responsibility, legal or otherwise, for any errors or omission.
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