The Companies Act, 1992 Chapter 308, which came into force on the 1st August 1992, contains provisions for the registration of foreign Companies in The Bahamas.
A foreign Company wishes to begin or carry on any business or undertaking in The Bahamas after the 1st August 1992 then it must register under the Act. (This requirement is waived however in the case of foreign Companies who have carried on an undertaking in The Bahamas prior to that date.)
Examples under the Act of what will amount to an ‘undertaking’ include the keeping of a place of business; the holding of a licence (or being required to do so) for specific business; the holding of a licence (or being required to do so) for selling its own securities. If a foreign Company has a local telephone listing in The Bahamas an undertaking is presumed.
