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The Bahamas imposes no income tax, corporate tax, capital gains tax, or wealth tax, enabling businesses to optimize their tax obligations.
Strong legal frameworks in the Bahamas provide excellent asset protection, minimizing risks from legal claims and creditors.
Strict privacy laws ensure business owners’ and directors’ identities remain confidential, safeguarding sensitive information.
The company registration process in the Bahamas is simple, with minimal paperwork and 100% foreign ownership allowed.
Its strategic location near the U.S. and Latin America facilitates global trade and business expansion opportunities.
The Bahamas offers a stable government, modern legal system, and investor-friendly policies, fostering a secure business climate.
Businesses in the Bahamas can choose from various corporate structures, enabling customization to fit operational needs.
The Bahamian dollar is pegged to the U.S. dollar, ensuring currency stability and smooth international transactions.
From
US$ 1,719
Frequently Asked Questions
Apart from being an exceptional tourist country with stunning beaches, The Commonwealth of The Bahamas, commonly known as The Bahamas, is also famous for its attractive conditions to international investors who wish to start a business in the Bahamas. Here are all the steps and their associated costs to start a business in the Bahamas:
The Bahamas earned its tax haven reputation due to its foreign investor-friendly tax and business legislation. This is due to the fact that personal income, inheritance, gifts, and capital gains are not taxed in the Bahamas.
Other taxes, including value-added tax (VAT), property taxes, stamp taxes, import tariffs, and license fees are the source of income for the government.
Because of its reputation for stability, the Bahamas is an international hub for banking operations that attracts global financial organizations. Consequently, this attracts many companies and wealthy foreigners .
No tax or only nominal taxes - Although the tax system differs by nation, all tax havens promote themselves as a place where non-residents may avoid paying high taxes by placing their assets or companies there.
As a matter of fact, even well-regulated nations, although not classed as tax havens, still offer tax advantages to encourage foreign investment.
Strong privacy protections for financial and business information, though compliance with international regulations like CRS and FATCA may require certain disclosures.
No local residency - Foreign entities are usually not required to have a significant local presence in the Bahamas. Within its borders, there is no need to produce products or services, or to conduct trade or commerce as well as any local representative or office.
Sep 23, 2022
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Date of experience: September 23, 2022