- Call 242-322-7979
Please install Flash® and turn on Javascript.
IBC's
|
An IBC is a company with legal domicile in The Bahamas carrying on business with persons and corporate entities outside The Bahamas. Some Advantages of IBC's : One day incorporation possible, simple statutory documents and reasonable fees Minimal periodic reporting No minimum or maximum capital requirements Share Par value in any currency Multiple share classes, fractions Directors may reside anywhere Corporate directors acceptable Corporate Officers acceptable May act as settlor or contributor to a trust or act as founder of a private foundation No corporate income tax No personal income tax No information sharing Stockholders are not public record No tax on corporate shares Nominal annual fees An IBC may be incorporated in The Bahamas within 24 hours from the time the proper documents arrive at the Registrar General's Department. The documents must include a bank reference indicating that the individual has been a client in good standing for at least three years and confirming the beneficial owner's address and signature; a character reference; confirmation of permanent address by notary public; and two positive identification pieces verified by a notary, legal counsel or financial institution. Once approved, incorporation documents must be submitted, including the memorandum of association and the articles of association. Fees for registration are $250 if the authorized capital is less than $50,000 and $1,000 when authorized capital exceeds $50,000. If you are interested to know more about IBC’s please contact one of our brokers. |
