Professor the Bahamas is a nightmare to incorporate, you have about 10 forms just on due dilligence. Cayman is easier in that case but costs more than the Bahamas. Bearer shares are issued but only a certified copy is issued while the original remains with the registered agent which issues a custodian letter to the client.
Belize is better in this case and is more lax.
If you need more detailed information let me know and I would be more than glad to help.