The Bahamas (Northern Region)
Turks and Caicos
Amsterdam
Cyprus
Cayman Islands
Jamaica
Barbados
British Virgin Islands
October 30 2012
/images/uploads/blog/shares-bahamas-618×273.jpg
Offshore companies enjoy many benefits, in particular exemption from tax, anonymity and a high level of privacy. And yet they are able to operate on a global scale and trade internationally. It’s not surprising, then, that many organizations are choosing to incorporate their companies off shore. If you are setting up in business or rethinking your existing business model, ParrisWhittaker has years of experience advising companies and guiding them through the advantages of operating through off shore companies.
Offshore companies enjoy many benefits, in particular exemption from tax, anonymity and a high level of privacy. And yet they are able to operate on a global scale and trade internationally. It’s not surprising, then, that many organizations are choosing to incorporate their companies offshore.
If you are setting up in business or rethinking your existing business model, Parris Whittaker has years of experience advising companies and guiding them through the advantages of operating through off shore companies.
Your choice of legal model for your business is critical to its success. Let our expert company lawyers help you make the right decision: we are available to explain the benefits and pitfalls of the options available to you.
Company law in the Bahamas is governed primarily by the Companies Act 1992; and the International Business Companies Act 2000 for companies formed for offshore purposes. International Business Companies (IBC) may operate in the Bahamas or anywhere in the world. Critically, an IBC is not required to file annual returns. But they are, however, legally required to pay an annual fee calculated on the size of its authorized capital. In practice, most will be private companies limited by shares.
Under the current legislation, companies will be granted IBC status so long as the organization follows strict requirements including:
Our expert International Business Companies lawyers can explain all the advantages of an IBC and how they can help your business. We will also advise you of the legal requirements necessary to set up an IBC. It is a relatively simple process and takes around 3-5 days: we are happy to organise the administrative requirements on your behalf.
If you need advice on setting up in business or are thinking of incorporating a company for your existing business – whether or not as an IBC – contact the experienced corporate lawyers at ParrisWhittaker for expert advice.
CLOSE X