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Company Formation

Company Formation in Bahamas

In order to incorporate private company in the Bahamas, a Memorandum of Association should be filed with the Registrar General. Articles of Association may be filed with the Memorandum of Association within six months, and should be signed and witnessed by one other person.

Other provisions include: The memorandum to be signed by at least two subscribers in the presence of at least one witness. Each subscriber should subscribe for at least one share. A non-resident subscriber is needed to obtain exchange control permission. The capacity of persons incorporating is to be submitted with the Memorandum in the form of a declaration signed by highly skilled and experienced attorney.

In order to incorporate a company in the Bahamas, a Memorandum of Association should be filed with the Registrar General. Articles of Association may be filed with the Memorandum of Association within six months thereafter, and must be signed and witnessed by one other person. Other provisions include:
  • The memorandum is to be signed by at least two subscribers, one of them is witness.
  • Each subscriber should subscribe for at least one share.
  • A non-resident subscriber is needed in order to obtain exchange control permission.
  • The capacity of persons incorporating is to submit with the Memorandum in the form of a declaration signed by counsel and attorney.
  • The extent to which the liability of the members or shareholders or limited.

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