Pricing Schedule: This pricing schedule covers all non-variable standard service fees for International Business Companies (IBCs), offshore bank accounts and
Bahaman domestic companies. Cost quotes for Bahaman mutual fund administration and management, trusts (including asset protection trusts, or APTs), legal work, accounting or
other special services are available. Discount arrangements are available for intermediaries or re-sellers placing high volume orders. If you are a lawyer, accountant or financial
consultant and require services for your clients, please contact us for further options.As of January 1, 1999, the following fees are payable as set out below. The
Incorporation Fee and Annual Registered Agent & Office Fee are required for all IBCs; all other services are strictly optional. Smith-Smith & Co. is not an IBC re-seller
or intermediary and attaches no additional service charges. Order now using our secure online incorporation form and pay up front to receive a US$100 DISCOUNT
for each IBC you incorporate.
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COMPLETE INCORPORATION AND 1999 ANNUAL FEE: US$1,720
(Assumes standard authorized share capital on incorporation of US$50,000 or less; any amount beyond
this attracts a higher Bahaman capital duty. Share capital is not necessarily a representation of company value, although the issued share capital cannot exceed
company value. International Business Companies in the Bahaman are tax-free). The US $1,720 fee includes:
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Government incorporation / first year's fee of US $300. |
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Provision of 1999 registered office and registered agent. |
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Company name availability confirmation and reservation. |
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Occasional telephone answering, mail and fax forwarding. |
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Printing and delivery of up to twelve share certificates. |
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Printing of up to five copies of all corporate documents. |
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Minting of the company seal (each additional seal is US $50). |
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Preparation and filing of the first board minutes. |
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International rush/priority document delivery (FedEx or DHL). |
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All incidental Fax, telephone and clerical service charges. |
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SUBSEQUENT ANNUAL REGISTERED AGENT & OFFICE FEE: US$780
(Covers the annual government fee of US$300 for all companies with authorized capital under
US$50,000, the provision of registered office and registered agent, and preparation and filing of the company's annual return and license).
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PURCHASE OF SHELF COMPANY: US$3,240
(Prices for companies incorporated in a previous year vary and are available upon application. For companies incorporated in the
current year, includes government fee of US$300 for companies with authorized capital under US$50,000, printing of the share certificates and all corporate
documents, minting of the company seal, preparation and filing of the first board minutes, international delivery for all corporate documents, as well as all related
incidental telecopier, telephone and clerical service charges. Shelf company purchase fee does not include the first year's annual fee of US$120 per quarter, for a
maximum of US$480.)
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Bahaman CORPORATE BANK ACCOUNT: US$300
(If Smith-Smith & Co. provides signatories to the account, the fee becomes US$500. There are no annual bank account
fees except in situations wherein Smith-Smith & Co. plays a significant role in operating the account. Corporate bank accounts in the Bahaman require a minimum
deposit of US$500).
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ADMINISTRATIVE OFFICE: US$100-275 per hour
(Clerical work, including mail forwarding, invoicing, re-invoicing, secretarial services, etc. is billed at US$100 per
hour. Work undertaken as director of the company is billed at hourly rates of US$250 - US$275. There is no extra charge for routine communications, such as
occassional mail forwarding, apart from the reimbursement of the expenses incurred).
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CHANGE OF NAME: US$150 |
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NOTARY OR APOSTILLE: US$100 |
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PROVISION OF ADDITIONAL CORPORATE SEAL: US$50 |
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FILING AMENDMENTS TO MEMORANDUM / ARTICLES: US$100
(Smith-Smith & Co. charges additional hourly fees between US$155 and US$275 for special drafting..
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LIQUIDATION: US$750
(Applies to acting as liquidator of a solvent company, in a voluntary winding up with simple or nominal assets. Insolvency
situations or complex liquidation plans are subject to a separate quotation).
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POWER OF ATTORNEY: US$150 |
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PROVISION OF CORPORATE DIRECTOR: US$650 per annum
(Subject to approval by Smith-Smith & Co.. Authorization requires receipt of bank references for all shareholders
of the company, as well as the integrity and legality of a) the nature of the proposed company's business and b) its sources of income. A business plan may need to
be supplied by the applicant).
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PROVISION OF NOMINEE SHAREHOLDERS: US$250
(Smith-Smith & Co. does not charge for the provision of nominee shareholders if acting as a director for the
company. As with nominee directorship, the provision of nominee shareholders is subject to approval by Smith-Smith & Co.).
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