The Bahamas International Business Company (IBC) was introduced in 2000 as a vehicle for transacting business outside the Bahamas. Incorporation can take as little as 24-hours. The identity of shareholders is not public record and there is no requirement to file an annual return. In line with international standards, the directors of the IBC must file a document with the registered agent confirming the location of the company’s accounting records. IBC’s are not subject to exchange control and are exempt from all taxes for at least 20 years from the date of incorporation.
A full suite of legal entities is also available, including:
- Segregated Accounts Companies
- Companies Limited by Guarantee
- Exempted Limited Partnerships
Sovereign provides ready-made or customised incorporation of all types of Bahamas companies. Once incorporated, we provide a domiciliary service, which includes the provision of company secretarial, registered office and nominee shareholder services. Full management services from our own licensed corporate directors are also available and highly advisable in most cases. Re-mailing services are available at modest cost for all companies established by Sovereign.
Note: Ancillary services
In addition to providing incorporation, domicilary and management (directorship) services, a range of ancillary services at competitive prices is available on request. These services include, but are not limited to: provision of dedicated telephone lines; office and personnel assistance; designated staff members (temporary or permanent availability); assistance with office relocation, introduction to real estate agents, government agencies and other third parties.