Offshore Bahamas

 Offshore in the Bahamas: advantages and how to open

If you want to find the best business conditions without having to move to another country, consider the Bahamas. The most profitable form of business is an international entrepreneurial company. You can not only open it from scratch, but also buy an offshore company in the Bahamas.

Bahamas Offshore: Benefits

We recommend this jurisdiction because in the Bahamas:

• stable political system;
• stable economic situation;
• no corporate income tax;
• no income tax;
• no tax on capital gains, inheritance and wealth, interest on shares;
• mortgage rate is only 1%;
• Real estate worth up to $250,000 is tax-exempt;
• low annual fee;
• no reporting;
• no need to conduct a financial audit;
• Asset confiscation protection
• mild climate;
• friendly population;
• Geographically close to the US for easy trading

There are several free trade zones. The city of Freeport is very attractive. Here you can import equipment and materials. But for this you need to contact the Bahama Port Authority to obtain a license. 

There are also opportunities for those who have opened a business in the Bahamas to quickly apply for permanent residence. Our consultants will tell you how you can get permanent residence by investing in the Bahamas, so get in touch! There are much more opportunities than it seems at first glance to a person unfamiliar with all the nuances. 

For example, if you have a business in the Bahamas, you will be able to participate in decisions regarding the country.
You can protect the income received in the Bahamas with the help of a trust. 

Buy offshore in the Bahamas

The Crystal team will help you with all the necessary paperwork to buy an offshore business in the Bahamas.

Offshore activities in the Bahamas are governed by the International Business Companies Act, as amended. Our lawyers know all the peculiarities of local legislation and are ready to provide advice. 

Features of an international entrepreneurial company:

• the minimum authorized capital is not prescribed by law, the amount can be any;
• Bearer shares are prohibited;
• The director can be either an individual or a legal entity, there are no residency requirements;
• no secretary required;
• no need to submit reports and undergo an annual audit.
• with an authorized capital of up to $50,000 – license fee $350;
• if the authorized capital is over $50,000 – the license fee is paid in the amount of $1000;
• no currency control.

When registering legal entities in the Bahamas, we provide a legal address (for at least 1 year), prepare a package of constituent documents, conduct a Compliance fee and Pre-approval when opening an account. 

An IBC must always have a registered agent in the Bahamas. We have our own partners in this jurisdiction. 

Offshore in the Bahamas: a package of constituent documents

You get:

• Certificate of registration;
• Memorandum of Association;
• Register of shareholders;
• Register of directors;
• Minutes of the first meeting;
• Share certificate;
• Resolution on the appointment of the first director.

In addition, with our help, you can obtain a license for activities subject to licensing, or register a trademark.

Do you want to open an offshore company in the Bahamas? Please contact our specialists at the indicated contacts.