Business
Bahamas — Business: Company Formation
The Bahamas has a straightforward process for company formation, with a variety of company types and no requirement for a local director. The most common type of company is a Bahamian Exempted Company, which has tax exemptions and can be formed in a week. The process typically involves registering with the Registrar of Companies and obtaining a business license.
VerifiedGovernment / official sourceIncorporate a Local Company - Bahamas Business RegistrationLast reviewed: 2026-09-06
Key facts
- A company in the Bahamas can be formed with one shareholder, and there is no requirement for a local director.
- The most common type of company is a Bahamian Exempted Company, which has tax exemptions and can be formed in a week.
- The process typically involves registering with the Registrar of Companies and obtaining a business license.
Steps
- Choose a company name and structure — Select a unique name for the company and decide on the type of company to form (e.g. Exempted Company, Non-Exempted Company).
- Register with the Registrar of Companies — File the company's Memorandum and Articles of Association with the Registrar of Companies, along with other required documents.
- Obtain a business license — Apply for a business license from the relevant authority, which may vary depending on the type of business.
Costs
- Registration fees: varies
- Annual business license fees: varies
Timelines
- Company formation: typically 1-2 weeks
Required documents
- Memorandum and Articles of Association
- Business license application
- Proof of identity and address for shareholders and directors
Common mistakes
- Failing to choose a unique company name
- Incorrectly completing company registration documents