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Law
The International Business Act 2001
Incorporation
Incorporation normally takes 3-5 working days, though an
“off the shelf/ready made” company could be quicker.
Company Name
The company name must end in “Limited (Ltd)”,
“Incorporated (Inc)”, “Corporation (Corp)”, “Society
Anonyme (SA)” and “Sociedad Anonima (SA)”. There are
also restrictions on the use of certain words or
business descriptions, such as Royal, bank, insurance
and references to the Bahamas Government.
Directors
The minimum number of directors is one. Details will be
filed at the Registry.
The Director does not have to be resident
Corporate directors can be appointed
Secretary
A secretary is not required though one is often
appointed to sign on behalf of the company. If one is
appointed the Registry has to be advised/
The secretary does not have to be resident
Share Capital
The minimum number of shareholders is one.
Companies cannot issue bearer shares.
Shares do not have to be held by residents.
No par value shares are permitted.
Where some shareholders are nominees, the ultimate
beneficial ownership does not have to be declared.
Authorised share capital normally US$ 50,000
Meetings
No requirement to hold an Annual General Meeting (AGM).
Director meetings and the AGM may be held anywhere
Seal
A company seal is mandatory
Accounts/ Financial Statements
Accounts do not have to be filed, though there is a
requirement to keep accounts.
Records to be kept
Registers are to be kept in the jurisdiction
Registered Office/Registered Agent
A registered agent and registered office are required in
the jurisdiction
Annual return
An Annual return is not required.
Price
First year costs £1400
Annual renewal fee £1000 (includes
Registered Agent, Government fee)
UK & International
For telephone based ordering or
further information
please
call us on +44 (0)20 7353 9471
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