• More or less voting privileges per share;
• Vote only on certain matters or only upon certain events; 
• Vote only when shareholders’ meeting is held by people 

(b) Who have authorised participation in certain assets.

1. No, shares can not be issued on behalf of local residents. They may be issued to foreign persons only, although bearer shares can also be issued.

1. Information regarding shareholders is confidential. The shareholder register need not be registered with the Registrar of the Bahamas. Therefore, the identity of a shareholder is not a matter of public domain, except when the Shares Register Book is filed at the Registry, or by the request of the Court. A copy of the Share Register Book shall be kept at the Registered Office of the company, indicating the name and address of the shareholders. (In the event of issued bearer of shares the identification number of the share certificate, number of each class or series of issued shares and the issuance date). 

1. The Board of Directors can consist of one or more natural or legal persons. There is no minimum number of officers, unless otherwise indicated in the Memorandum or Articles of Association. A Company should appoint both a Secretary and a President. A single director should not occupy both offices. (There should be different persons appointed for the Board of Directors always, it can not be the same person.)

1. The subscribers of the Memorandum and Articles of Association appoint the first directors of the company. After that, the shareholders or the existing directors appoint directors for such term as determined by the shareholders or the directors. If not, unfilled positions can be filled by a resolution of the shareholders or of the remaining directors. The directors generally elect the officers.

1. There are no specific qualifications needed to be a director or officer, except for the age of majority. Corporate directors are allowed, and there are no restrictions on Shareholders being directors of the corporation. 

1. None. The information regarding the directors and officers shall not be revealed, since this information is confidential and is not a matter of public knowledge. It doesn’t need to be filed in the Public Registry. However, it is required that the names and general information of Officers and Directors Book be kept in the Registered Office of the Company.

1. Yes, however such powers are subject to any limitations in the Memorandum or Articles of Association. A resolution approved by the directors and/or officers can bind the company.

1. It is not required to have an annual meeting of the Shareholders or Directors. However, upon written request of the shareholder who owns more than 50% of the shares of the company, the director can request a meeting of the Shareholders. Less than 50% shareholding may be sufficient to call a Shareholders’ Meeting, where the Memorandum and Articles of Association so specify.

1. Subject to any limitations in the Memorandum and Articles of Association, the meetings of the shareholders and of the directors can be held in such moments, in such manner and places in or outside the Bahamas, as the directors consider necessary or indispensable.

1. The quorum in a meeting of the Shareholders or of Board of Directors is constituted according to the Memorandum or Articles of Association of the Company. When it is not specified in the Memorandum or Articles of Association, a quorum will be duly constituted, if at the beginning of the meeting there are present, by person or by proxy, the majority of the voting shares of each class or series. 

1. A proxy can represent an individual shareholder in a meeting of the shareholders. This person is authorised to speak and vote on behalf of the member. 

1. Subject to the Memorandum or Articles of Association of further notice, a director shall be given no less than two (2) days notice for meetings of the Board of Directors. A shareholder shall be given no less than seven (7) days of notice for a Shareholder’s meeting. However, the presence of all the Directors or Shareholders to a meeting constitutes a waiver of notice.

1. Subject to any limitations in the Memorandum or Articles of Association, a director can consent in writing, or by telex, facsimile, cable or any other written electronic vehicle, to any resolution that could otherwise be adopted by the directors or a committee of the directors in a meeting, without the need for notice. The same applies for the Shareholders’ resolutions or resolutions of a committee of directors.

1. It is not necessary to prepare or file accounts or financial statements. However, an IBC must keep such accounts and registers, when the Directors consider appropriate, in order to reflect the financial status of the Company.

1. An IBC must keep at all times, in the Registered Office of the company: 
2. Minutes of each meeting of:
1. Board of Directors,
2. Shareholders, 
3. Director’s committee, and
4. Officers and Members. 
3. Resolutions of meetings of the
1. Directors, 
2. Shareholders, 
3. Director’s committee, and
4. Officers and Members. 
4. Register of all the Directors and Officers of the company; Register of Shareholders; and the stamp of the corporate seal.

1. An IBC shall have a corporate seal, which can be kept wherever the directors find it convenient, but a stamp of the corporate seal must always be kept in the Registered Offices of the Company.

1. No, it is not necessary to file annual tax returns. The only requisite is to fill out and pay the annual license fee that expires on July 31^st of each year.

1. The Registrar keeps all registered documents. However, only the Memorandum and Articles of Association of the Company and amendments are available for public scrutiny.

1. A copy of all resolutions amending the Memorandum and/or Articles of Association needs to be filed in the Registry. The Registrar shall retain and file said copies.

1. Re-domiciliation is where a Company changes its jurisdiction of domicile. This involves transferring a corporation without dissolving nor liquidating it, to another jurisdiction, being protected under its laws, without extinguishing the obligations and rights obtained and subject to the old jurisdiction. It operates bilaterally between both jurisdictions, in that the jurisdiction being left cannot have laws which automatically terminate the existence of the corporation upon a change of domicile, and the new domicile must have legislation which allows a corporation to continue from another jurisdiction. Generally, such legislation exists only in tax havens. 

Yes, a company incorporated under the laws of another jurisdiction can continue as a Bahamian IBC, pending compliance with all the requirements of the International Business Companies Act. International law applies before the laws of its jurisdiction. Provisional re-domicile is also allowed, which means temporary transfer of jurisdiction.