RM offers I.B.C. incorporation services and ongoing
company management in the Bahamas. We provide readymade
shelf companies as well as a "Name of your choice"
service. Ongoing Registration agency and registered
office services are provided for as well as legal advice
and support services.
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The Bahamas are a chain of islands lying approximately 50
miles off the coast of Florida. The archipelago comprises about
100,000 square miles with more than 4,000 islands, islets and
cays and enjoys a marine tropical climate characterised by
persistent easterly trade winds. Nassau is the capital city where
more than half of the population live.
The Bahamas is a constitutional Monarchy with a Parliamentary
system of Government and retains the Queen as its head of state.
The population of The Bahamas is in the region of 250,000.
Apart from tourism, the Banking and Finance sector is the
second most important aspect of the Bahamian economy. The Bahamas
is one of the largest offshore financial centers in the
hemisphere with over 400 banks, trust companies and other licensed financial institutions. The Bahamas is renowned for its
tax haven status and banking secrecy. Since the International
Business Companies Act 1989 came into effect in 1990 The Bahamas
has become one of the most popular areas to register an I.B.C.
INTERNATIONAL BUSINESS COMPANIES
Through its sister Company Mossack Fonseca & Co (UK)
Limited RM provide a professional IBC Company Formation and administration service in The Bahamas and have a stock of ready-made
Companies at their London office. IBC Companies offer a host of
benefits to the offshore investor looking for a safe and cost
effective haven for funds and assets. Some of the I.B.C benefits
are:
TAXATION
IBC's are exempt from all local tax and stamp duty.
ASSET PROTECTION
Maximum security of assets includes the ability to transfer
domicile.
CONFIDENTIALITY
There is no requirement for an IBC to file accounting or
director information with the Registrar of Companies.
FLEXIBILITY
IBC's can re-acquire and re-issue shares for a consideration
other than cash denominated in any currency.
APPLICATIONS
Applications include; investment, property holding, financial
management, general trading and copyrighting or licensing.
Formation: Only two subscribers (which may be our nominees)
may incorporate the IBC. Memorandum and Articles of Association
are standard.
Incorporation: We incorporate companies on the same date
instructions are received, provided the requested name is
available.
Shelf Companies: We have a number of already existing
companies for sale. These have never traded or engaged in any
transaction whatsoever.
Name: Use of the following words is restricted: "Assurance,"
"Bank", "Building Society", "Chamber of
Commerce", "Chartered", "Cooperative",
"Imperial", "Insurance", "Municipal",
"Royal", "Trust", or any word conveying a
similar meaning. Endings such as "Limited", "Corporation",
"Incorporated", "Societé Anonyme", or "Sociedad
Anønima" or its abbreviations may be used.
Objects: Ultra vires doctrine is applicable.
Shareholders: There are no limitations as to number or
nationality. We can assist clients with nominee shareholders.
Shares: Bearer, nominative, par or no par value shares, as
desired.
Capital: No minimum or maximum authorised share capital. Our
standard authorised share capital amounts to US$5,000.00.
Directors/Officers: There are no requirements in respect of
nationality. It could be one or more. Companies may be directors.
We can assist you with the provision of two nominee companies to
serve as directors upon our receiving acceptable references from
the relevant parties. We would like to point out that our nominee
directors cannot act as authorised signatories of bank accounts.
Director's Meetings: Director's meetings may be held in any
part of the world. Copy of minutes of same must be sent to the
Registered Office. (*)
Shareholders' Meetings: Shareholders' meetings may be held in
any part of the world. The quorum will depend on what is set
forth in the Articles of Association.
Resolutions: No special formalities need to be followed.
Company Seal: The Company Seal is mandatory. An imprint of
the seal must be sent to the Registered Office.
Accounting: There is no need to file annual accounts or tax
returns.
Auditing: Not applicable.
Registered Agent/Registered Office: There is no special
qualification in respect of the Registered Agent. Registered
Office should be in The Bahamas.
Taxation: Full exemption from taxation.
Note: I B C COMPANIES MAY NOT
Carry on Business with persons who are resident in the
Bahamas
Own real estate in the Bahamas
Conduct Banking or Insurance Business.
Whilst every precaution has been taken to check
the accuracy of the information contained in this page, no
responsibility can be taken for any inaccuracies contained
herein. Please also note that we are not tax advisors.
Professional tax advice should always be taken if in doubt.
