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Bahamas Private Foundation

 
Bahamas
The Commonwealth of the Bahamas is an English-speaking former British colony, which became independent in 1973. There are some 700 islands in the archipelago of which the closest is only 50 miles southeast of Florida, USA. It has a stable democracy and is economically prosperous.


The country has become one of the most sophisticated and powerful centers of the global offshore financial services industry, and it boasts over 400 banks from more than 30 countries, with a combined asset base of over $200bn. The legal system is based upon British Common Law.

Tax System Facts:


NO income tax, profit tax, sales tax, capital gains tax, dividends tax, wealth tax, withholding tax, inheritance tax, gift and estate taxes; NO Double Taxation Treaties have been signed.

The best offshore tools in the Bahamas:
International Business Company (IBC) and Private Foundation

International Business Company (IBC) Outstanding Features:

Corporate tax: NO
Names disclosure in public records:
      Beneficial owner(s)- NOT DISCLOSED/NOT ON RECORD
     shareholders - NOT DISCLOSED/NOT ON RECORD
     directors - YES/ON RECORD, BUT NOMINEES CAN BE PROVIDED

Minimum number of directors: ONE

Non-resident directors: ALLOWED 

 Minimum number of shareholders: ONE

Bearer shares: NOT ALLOWED

Annual return filing requirements: NO

Actions speak louder than words: more than 100,000 international business companies (IBCs) have been incorporated in the Bahamas.

SCHEDULE OF FEES FOR A BAHAMIAN IBC

Applicable legislation: The International Business Companies Act, 2000.

 Go to the offshore news from the Bahamas

Private Foundation - outstanding features:

 Corporate tax: NO 

 Bearer shares: NOT ALLOWED

beneficial owner(s) - NOT DISCLOSED/NOT ON RECORD

Secretary - YES/ON RECORD

Founders - YES/ON RECORD

Minimum Number of Foundation Council Members: ONE IF LEGAL ENTITY, TWO IF AT LEAST ONE IS A NATURAL PERSON

Non-resident Foundation Council Members: ALLOWED

Shareholders: DO NOT EXIST. THE FOUNDATION OWNS IT'S ASSETS ITSELF UNTIL DISTRIBUTION TO BENEFICIALRIES

Annual return filing requirements: NO
SCHEDULE OF FEES FOR A BAHAMIAN PRIVATE FOUNDATION

 

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