How To Start Offshore Company Setup In Bahamas?
OFFSHORE COMPANY SETUP IN BAHAMAS
The Bahamas has an estimated land area of 13,878 square kilometers (5,358 square miles) and comprises some 700 islands and 2,400 cays. Of the 700 islands, 30 are inhabited, with approximately 90% of the population on the islands of New Providence (where the capital, Nassau, is located), Grand Bahama, and Abaco.
There is a heavy foreign investment; the Bahamian government restricts this in some sectors. The Bahamian government restricts foreign investments in the following sectors with a few exceptions:
- Wholesale and retail operations
- Commission agencies engaged in the import/export trade
- Real estate and domestic property management agencies
- Domestic newspaper and magazine publication
- Domestic advertising and public relations firms
- Security services
- Domestic distribution and building supplies
- Construction companies (except for special structures for which international expertise is required)
- Personal cosmetics/beauty establishments
- Shallow water fish, crustacean, mollusk, and sponge fishing operations
- Auto and appliance service operations
- Public transportation.
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Mainland Company Setup
Complete exemption from corporate tax
Possible to operate from UAE
No Capital requirements
No currency restrictions
Employment visa processing made simple
Repatriation of profits and capital
No audit requirements
Minimum responsibility and maximum benefits
Single person can open up an LLC
The maximum number persons or employees an LLC can have is 50
Corporate bank account in UAE
Possible to operate from UAE
No Capital requirements
No currency restrictions
Employment visa processing made simple
Repatriation of profits and capital
No audit requirements
Minimum responsibility and maximum benefits
Single person can open up an LLC
The maximum number persons or employees an LLC can have is 50
Corporate bank account in UAE
The UAE Companies law does not prescribed any minimum share capital but the entity should have adequete capital to achieve the incorporation purpose. Normally accepted minimum share capital for an LLC registered in Dubai was AED 100,000.
Presently, there is no requirements to deposite the share capital in UAE local bank.
Presently, there is no requirements to deposite the share capital in UAE local bank.
Draft the MOA and AOA
Help in obtaining approval from DED
Registering the company name
Acquiring out an office space