Bahamas 

General Information:
The Bahamas, consisting of a group about 700 islands and is located off the South East coast of Florida.The Bahamas is an independent country within the British Commonwealth, with a political and legal system which closely follows the UK, and with British common law applying.

Currency:
The Bahamas Dollar.

Language:
The official language is English.

Characteristics of a Bahamas Company

Type of Company:
International Business Company (IBC)

Name:
All company names must end in one of the following words or abbreviations thereof: Limited, Corporation, Incorporated.

Registered Agent / Office:

The IBC must have a registered office and an agent who is a resident in the Bahamas

Taxation:
An IBC pays no tax in the Bahamas

Tax on Offshore Profits:

No

Annual Franchise Tax:
$350 for authorised capital below $ 50,000
$1,000 for authorised capital over $50,000

Double Tax Treaty Network: 
The Bahamas are not a party to any Double Taxation Agreements.

Trading Restriction:

 Shareholders: 
Minimum one (1).

Disclosure of Shareholders:
No

Disclosure of Beneficial Owner:
No

Directors:

one (1) director. Corporation or physical person of any nationality may act as directors.

Local Directors Required:
No

Corporate Directors Permitted :
Yes

Disclosure of Directors:
No

Company Secretary Required:
No

Standard Authorized Share Capital:
US$ 50,000

Bearer shares allowed:
No

Confidentiality:
The details of the shareholders are not required to be kept on public record, however a copy of Register of directors and officers are kept with the company Registry.

Annual Reporting:
There is no requirement to file accounts or submit an annual return. The company needs to keep financial records reflecting their financial position.