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Form a Bahamas Foundation

Price: 11,300.00 $

Introduction:

Set up a company in Bahamas The Bahamas is one of the industry veterans when it comes to offshore financial services. Since the 30s and 40s, the jurisdiction has been attracting foreign wealth due to its absence of taxation and its confidentiality policies. Although it lost popularity after its independence from Great Britain back in 1973, in favor of Cayman, BVI or Bermuda, it is still one of the go-to jurisdictions in terms of offshore corporate, trust and banking services. Last December 2018, the Bahamas implemented several legislative changes to comply with requirements set by the EU and the OECD, by enacting the Removal of Preferential Exemptions Act; Commercial Entities (Substance Requirements) Act; the Register of Beneficial Ownership Act; and the Multinational Entities Financial Reporting Act The Removal of Preferential Exemptions Act abolishes ring-fencing features provided by the International Business Companies Act; the Exempted Limited Partnership Act; the Investment Condominium Act, 2014; and the Executive Entities Act, 2011 – which provided companies incorporated by non-residents to enjoy certain exemptions if they were operated completely outside of the Bahamas. Because the Bahamas doesn’t levy corporate taxes the main impact for IBCs or Limited Partnerships doing business outside of the Bahamas is that now they will be required to obtain a business license and pay a certain annual fee, as well as stamp duty on certain instruments. Limited duration companies under the International Business Act have been abolished. Companies incorporated on or before December 31, 2018, are grandfathered for three years, until December 31, 2021. Furthermore, international banking, insurance, and securities/capital markets sectors will be able to offer services to residents in the Bahamas and in local currency once certain regulatory approvals are in place. On the other hand, local commercial banks will be able to provide services to international clients. Bahamian International Business Companies are commonly used as holding companies, to hold bank accounts, financial and commercial titles, international trading, own movable and immovable properties, asset protection and estate and inheritance security, among others.

Bahamas Foundation Formation and First-Year Fees – USD 11,300.00 (All Included)

Note that our incorporation and annual corporate service fees are “all-included fees”, and cover all the necessary services to incorporate a Bahamian Foundation, and keep it in good standing, as well as government fees and duties, disbursements such as courier fees, and assignments such as the preparation of a certificate of incumbency, and the certification of documents, which are generally required for opening bank accounts.

paying all applicable fees and duties to the Registrar of Foundation
drafting and filing the Charter of the Foundation;
drafting the councillors’ acceptance letter;
drafting the Founder Resolution for the appointment of the first councillors;
drafting the First Resolution of the Councillors noting and resolving the formation of the foundation, appointment of councillors, adoption of regulations, appointment of registered office, etc;
providing the Certificate of Registration and stamped Foundation Charter;
drafting the Foundation Bylaws;
drafting the Private Protectorate Agreement;
drafting notice of the location of accounting records, as required by law;
preparing the Register of Councillors, Register of Protectors and Supervisory Persons and Register of Registered Agents and Attorneys;
providing Registered Office service for one (1) year;
providing Agent/Secretary service for one (1) year; safekeeping of registers, books and records for one (1) year;
providing certified true copies of the corporate documents;
posting the corporate documents to the client’s mailing address and settling courier fees; and
providing basic advice on standard corporate governance matters relating to statutory and regulatory obligations.

Nominee Services (Optional)

Nominee Founder (Natural Person) – USD 2800.00 per annum
Nominee Council Member/Officer (Natural Person) – USD 2800.00 per annum

*If a Notarized General Power Of Attorney to be designated as attorney-in-fact is required, there is an additional one-time fee of USD 700.00 (Optional)

Bank Account Opening Services (Optional)

Interest in our banking section is only available for Tier 1 Clients.

Form a Bahamas Foundation

Price: 11,300.00 $

Introduction:

Bahamas Foundation Formation and First-Year Fees – USD 11,300.00 (All Included)

Nominee Services (Optional)

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Form a Bahamas Foundation

Price: 11,300.00 $

Introduction:

Bahamas Foundation Formation and First-Year Fees – USD 11,300.00 (All Included)

Nominee Services (Optional)

_______________

_______________

_______________

_______________

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