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To register, the Company must file, inter alia, a copy of the company's Memorandum and Articles of Association and details of the directors and officers. A Certificate of Registration is issued, and the company then has the same position as a Bahamian incorporated company.
A business license fee of BS$ 100.00 must also be paid for new businesses upon submission of the application. Payment must be made by certified cheque (payable to the Public Treasury) or by cash or by credit card at the office location: Charlotte House, Charlotte Street South, Nassau Bahamas.
Sole Proprietorships Not all businesses need to be organized by groups of people to be recognized in The Bahamas. The sole proprietorship is a business undertaken by just one person. No registration is required, but the owner must ontain a business license or shop license. The business's name may need to be registered.
The Business Licence Department is located at the Department of Inland Revenue on Carmichael Road behind the Shops at Carmichael Plaza- Nassau, Bahamas. In addition to the Nassau office, the Department has branches in the following islands: Freeport, Grand Bahama.
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