How much does it cost to start a business in the Bahamas?

Apart from being an exceptional tourist country with stunning beaches, The Commonwealth of The Bahamas, commonly known as The Bahamas, is also famous for its attractive conditions to international investors who wish to start a business in the Bahamas. Here are all the steps and their associated costs to start a business in the Bahamas:

1. Check for an available company name: BSD 25
2. File the memorandum and articles of association: approx. BSD 650
3. Pay stamp duty on the memorandum to the Public Treasury: starting from BSD 100
4. File your company documents at the Companies Registry: BSD 1,000
5. Get the National Insurance Number (NIN) from the National Insurance Board: 0
6. Obtain a business license and VAT: 0

In comparison, the cost to start a business in the Bahamas is among the cheapest in the world. It is even lower considering all the benefits the country offers to international businesses here. If you are looking for a trusted corporate service provider to help you start a business in the Bahamas, check out One IBC^®’s Bahamas company formation service.