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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