Bahamas Company - Corporate Environment Summary

The Bahamas is a part of the British Commonwealth and your IBC (International Business Company) 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.

Bahamas IBC, is a limited liability company which conducts its trading and business outside the Bahamas and is intended for offshore activities. It takes up to 5 days to incorporate a company in the Bahamas.

The Directors of the company may be of any nationality and may reside anywhere. At least one director is required and there is no requirement to appoint a local resident director.