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Features of a BVI Company A BVI company requires a minimum of one shareholder, one director, one Registered Agent and one Registered Office. The director and shareholder could be of any nationality and could be the same person or corporation.

The features of a Belize IBC are very mcuh like a IBC in any other offshore jurisdictions, except that it is still allowed to issue bearer shares and therefore a higher level of confidentiality could be achieved.
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Tax Havens Some twenty years ago, there were only a handful of offshore (tax havens) and to many, their use was surrounded in 'mystique'. Also, there were only a few professionals specializing in offshore practice and tax havens, and those that did, typically made use of only one or two jurisdictions...
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Why Incorporating Offshore Individuals and corporations go offshore for a number of reasons: save tax, protect wealth, reduce risk, maintain privacy and to avoid unnecessary regulations or bureaucracy...
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OFFSHORE COMPANY FORMATION
BAHAMAS COMPANY
 

BAHAMAS INTERNATIONAL BUSINESS COMPANY

GENERAL INFORMATION OF BAHAMAS

Location
The Bahamas are a group of around 700 islands located off the south east coast of the state of Florida, USA and have been an independent member of the British Commonwealth since 1973. The Bahamas have one of the oldest parliamentary democracies in the western hemisphere and the islands have a political and legal system which closely follows the UK system and British common law applies.

Population
The population is approximately 255,000 centred principally on the capital city of Nassau on the island of New Providence. The Islands boast excellent communications with a state of the art telephone system and convenient flight links to most major international air routes.

Financial Infrastructure
The Bahamas have an excellent range of international banks based in the islands with currently 396 banks holdings licences under the Banks and Trust Companies Regulations Act 1965. Confidentiality is excellent with the English common law duty of confidentiality being preserved and expanded upon by statute imposing penalties upon banks, attorneys, auditors and government officials who are privy to private information. Additionally, the Bahamas have no tax treaties or agreements for the exchange of information with any other state except agreements covering mutual assistance in cases of drug trafficking.

FEATURES OF BAHAMAS IBC

Taxation
IBCs pay no taxes in Bahamas

Shareholders
A minimum of two shareholders are required and only registered shares may be issued. No details of the shareholders appear on the public file but a register of shareholders must be kept at the registered office address of the company in the Bahamas.

Directors
A minimum of two directors are required and corporate directors are permitted. Details of directors are filed with the Companies Registry and therefore appear on public record.

Annual Reporting
No annual return or accounts need be filed. It should be noted that penalty fees of up to 50% of the annual licence fee will be incurred if the licence fee is not paid when due.

Processing Time
Incorporation can be achieved within 48 hours but takes approximately 1 week for documents to arrive from Bahamas. We do, however, keep ready-made companies in stock available for immediate purchase.

Restrictions on Name and Activity
Names must end with one of the following words, or abbreviations thereof - Limited, Corporation, Incorporated, Societe Anonyme or Sociedad Anonima. The following words, and their associated activities, cannot be used: Assurance, Bank, Building Society, Chamber of Commerce, Chartered, Cooperative, Imperial, Insurance, Municipal and Royal.

Local Requirements
As a matter of local company law the company MUST maintain a registered office address with the Bahamas and must also appoint a Bahamas resident as registered agent. We would generally provide these services as part of the domiciliary fee.

Secrecy
There are no specific statutory provisions governing secrecy in relation to companies but English Law, which applies within the jurisdiction, does impose a common law duty on professionals to keep the affairs of their clients confidential.

REGISTRATION AND MAINTENANCE FEES

Registration Fee (inclusive of first year annual fee)
Our registration fee for a company with a share capital less than US$50,000 is US$950 exclusive of delivery charges. The fee covers first year licence fee, first year registered agent fee and first year registered office fee.

Maintenance Fee
Annual maintenance cost for second year onward is US$700.

Other Fees (Optional)

Provision of nominee director: USD300 each/per year
Provision of shareholder: USD200 each/per year
Provision of Post Office Box facility: USD350
Forwarding of each batch of mail: USD60
Certificate of Good Standing: USD150
Certificate of Incumbency: USD150

Hong Kong Head Office              Room 803, Futura Plaza, 111 How Ming Street, Kwun Tong, Hong Kong
                                                 TEL +852 2341 1444      FAX +852 2341 1414      E-mail info@bycpa.com

Shenzhen Office   TEL +86 (0755) 82684480 82684483 82684484 FAX +86 (0755) 82684481
Shanghai Office   TEL +86 (021) 64394114 64399276 FAX +86 (021) 64394414
Beijing Office   TEL +86 (010) 68748420 68748422    FAX +86 (010) 68748421  

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