Since the enhancement of the International BusinessCompany [ IBC ] Act, 1989, The Bahamas has experienced a phenomenal number of IBC registrations. There have been over 36,000 IBC's incorporated in The Bahamas since 1990. The International Business Company Act was created with the intention of producing a modern facility to provide for a natural person or group of people to do or wish to do. Reservation of company names may be facilitated by facsimile transmission through a local agent (lawyer or accountant, or Trust Company). A Bahamian IBC may be incorporated within 24 hours; this may be done by the local agent, as required by relevant legislation.
IBC's are used for a variety of purposes e.g. tax reasons, confidential matters etc . . .
