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