Knowledge base · BS

The Bahamas

A financial centre whose international business company is used for family holding and investment structures; off the EU tax list since February 2024, with a domestic minimum top-up tax for in-scope multinational groups.

The Bahamas international business company is used for family holding and investment structures, often owned by a Bahamian trust, foundation or executive entity, and for fund-related vehicles.

The Bahamas was removed from Annex I of the EU list of non-cooperative jurisdictions on 20 February 2024 and was not moved to Annex II; it remained off both annexes after the revision of 9 October 2026. The Domestic Minimum Top-up Tax Act 2024 brought entities of in-scope multinational groups into a domestic minimum tax, with the first returns due in March and April 2026. Substance reporting is handled by the Department of Inland Revenue.

General information, not advice. Facts are stated as of the date on each page. Law, lists and rates change; the professional who acts for the entity confirms what applies to it. Chrysos performs no regulated act and gives no legal or tax advice.

Facts as of 30 October 2026

Beneficial ownership

Bank due diligence: Banks and counterparties ask for a beneficial-ownership declaration and for registers of directors and members certified by the registered agent.

Lists and exchange of information

EU tax list: Not listed after the revision of 9 October 2026. Removed from Annex I on 20 February 2024 and not moved to Annex II.
Domestic minimum top-up tax: The Domestic Minimum Top-up Tax Act 2024 applies to entities of in-scope multinational groups. The first returns to the Department of Inland Revenue, DMTT-24 and DMTT-25, were due on 31 March and 30 April 2026.

1 form

Legal entities

Company · IBC

International business company

Law: International Business Companies Act, 2000

The company used for holding and investment structures in The Bahamas, often owned by a Bahamian trust, foundation or executive entity.

Economic substance: The Department of Inland Revenue runs substance reporting under CESRA, the Bahamian substance law.
Tax: An IBC in an in-scope multinational group falls within the Domestic Minimum Top-up Tax Act 2024 and files with the Department of Inland Revenue.

How owners use it

Family holding company, often owned by a Bahamian trust, foundation or executive entity
Investment holding and fund-related vehicle
Holding company for structures focused on the Americas

What comes with it

Banks ask for the certificate of incorporation, the memorandum and articles, a certificate of good standing and registers certified by the registered agent
Large groups are asked for their substance filings and their minimum-tax position

Sources

Facts as of 30 October 2026

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