What Motivates Businessmen to Invest in the Bahamas

  • In the Bahamas, companies can be registered with the presence of a single partner and one manager, who can be a foreigner residing outside the country.
  • The establishment of the company does not require much time, as procedures can be completed within a week.
  • International business companies (offshore companies) are exempt from taxes.
  • Partners and managers meetings can take place anywhere in the world.
  • The country provides privacy for both companies and partners under the Bahamas Law for International Business Companies.

Also read: A Simplified Definition of Commercial Law

Some of the Investments Recommended for Foreigners in the Bahamas

  • Tourist resorts.
  • Technology services.
  • Agricultural industries.
  • Food processing.
  • Banking services.
  • Manufacture of medicine.
  • Medical centers.

Also read: The Most Important Branches of Commercial Law

Procedures for Establishing a Company in the Bahamas

  • Obtaining approval from the Bahamas Investment Authority.
  • Obtaining the necessary licenses.
  • Obtaining the company’s establishment certificate.
  • Determining the company’s articles of association.
  • Registering the company’s address.
  • Submitting a certified copy of the passport.
  • Providing a proof of residence.
  • Registration of partners and managers.
  • Opening a bank account.
  • The minimum capital for foreigners is 500,000 US dollars.

Also read: The Importance of Having a Commercial Lawyer Before Starting Your Investment

Types of trading companies in the Bahamas

  • International Business Company.
  • The Public Company.
  • Limited Liability Company.
  • Unlimited liability companies.
  • Shareholding company.
  • Public Partnership.
  • Limited Liability Partnership.
  • One-person Company
  • The Bahamian Foundation.

Also read: The Importance of Commercial Law