One of the newest Caribbean \njurisdictions that, as a result, has benefited from mistakes that others\n have made by implementing highly flexible legislation which allows \noperation of the company\u2019s affairs in the way most desired by the \nbeneficial owner very cost effective. Once incorporated a Bahamian IBC \nis guaranteed exemption from Bahamian taxes for twenty years.<\/p>\n\n\n\n
The following information is available on the public file<\/strong> The following documents must be kept at the Registered Office<\/strong> Corporate books & seal<\/strong> Meetings<\/strong> Company Law<\/strong> Incorporation of an IBC<\/strong> Shareholders\/Beneficial Owner<\/strong> Issuance of Shares<\/strong> Directors\/ Officers<\/strong><\/p>\n\n\n\n Authorized Share Capital<\/strong> Registered Office<\/strong> One of the newest Caribbean jurisdictions that, as a result, has benefited from mistakes that others have made by implementing […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":119,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-148","page","type-page","status-publish","hentry"],"yoast_head":"\n
\nMemorandum & Articles of Association\/Registered Office & Registered Agent\/Registered of directors.<\/p>\n\n\n\n
\nCopies of the Register of Members and Register of Directors together with an impression of the seal<\/p>\n\n\n\n
\nFinancial statements and Annual Return are not required.<\/p>\n\n\n\n
\nThere is no restriction where are meetings to be held. A general meeting of all IBCs shall be held at least once in every year.<\/p>\n\n\n\n
\nThe International Business Act, 2000; the financial and Corporate \nService Providers Act, 2000(came into force on December 29, 2000).<\/p>\n\n\n\n
\nThe law requires a minimum of two incorporators. When the company is \nregistered, control of the company is passed over to the interested \nparty by appointing as first directors (individual or corporate) those \nindicated by the client. The directors, in turn, arrange, the issuance \nof shares and take the other decisions to commence business.<\/p>\n\n\n\n
\nRegistered Agents shall keep a record of the name and address of the \nbeneficial owners of all IBC\u2019s and the details of the client\u2019s principal\n place of business, business address, telephone, facsimile, telex \nnumbers and electronic address of the principals or professionals \nconcerned with the client and two sources of reference to provide \nadequate indication of the reputation and standing of the client.<\/p>\n\n\n\n
\nIBC\u2019s may only issue Registered shares.<\/p>\n\n\n\n
\nThere is no minimum authorized share capital for IBC\u2019s nor a minimum capitalisation requirement.<\/p>\n\n\n\n
\nEvery IBC may appoint a Registered Office.<\/p>\n","protected":false},"excerpt":{"rendered":"