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Bahamas: Types of Company

Domestic Limited Company

A domestic resident company limited by shares is usually formed for the purposes of carrying on local business.

There must be at least two directors. The company's annual return includes a list of the members, and is kept on the public register. An annual audit can be dispensed with, if all shareholders agree. There is no requirement to file financial statements.

Shares need not have a par value, and when paid up, need not have distinguishing numbers. Bearer shares can be issued with exchange control permission.

 

 

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