Company formation in Hong Kong, China company formation, Unlimited and Limited,Business, Taxation and Offshore

navbar.gif

Fees Payment Method

Inland Revenue Department Companies Registry Custom & Excise Department Hong Kong Immigration Transport Department Lands Department Trade & Industry Department HSBC Bank HBZ Finance Limited

About Us Our Vision Jobs

Company Formations Representative Office in China Secretarial Services Tax Consultancy Accounting & Audit Arrangements Other Services

Useful Links

The Bahamas is a former British colony which gained independence in 1973 although it has had its own parliament for over 260 years as an independent member of the British Commonwealth. The Bahamas comprises of over 700 islands in the Caribbean Sea to the southeast of Florida. Since independence, the Bahamas has enjoyed a stable democratic government.

In the same time zone as New York, the Bahamas is less than an hour by air from Miami and is directly accessible from a number of other major cities. The islands, with their tropical climate, attract millions of visitors each year.

The corporate law is governed by the International Business Companies (IBC) Act, which was originally introduced in 1990 and modelled on the British Virgin Islands' (BVI) IBC Act. It was revised in 2000 and further amended in September 2001, August 2004 and October 2004. The IBC Act requires the filing of Register of Directors and Officers at the Companies Registry on public record. The annual government fee is USD350 for authorised capital of USD50,000 or below and USD1,000 for authorised capital above USD50,000. The fee and filing requirements when combined with the introduction of strict compliance and due diligence requirements, have nullified Bahamas' competitive advantage.

In addition, the Bahamas IBC Act provides for the establishment of special purpose vehicles (SPV), such as Limited Duration Companies. The Bahamas has no tax treaties at present.

Click here to read Bahamas Fact Sheet [PDF File]

Untitled Document You are visitor No.

on this site