Why form an offshore company in Bahamas?

Bahamas is one of the top holiday destination spots for American and European people. It is also a tax free haven for investors and entrepreneurs who are looking to pay minimum taxes to the government. Although Bahamas has agreed to sign the OECD treaty one can take advantage of the Bahamian International Business Company (IBC) to have higher level of privacy and confidentiality. Bahamas banks offer wide array of facilities like offshore accounts and savings account for foreign investors. However both residents and foreigners who are employees do have to pay national insurance.

Form an Offshore Company in Bahamas

Benefits of Forming an Offshore Company in Bahamas

  1. 0% Income tax, corporate tax and capital gains tax
  2. Zero sales tax
  3. One can do business locally and also own local property
  4. 24x7 banking support
  5. You can use Nominee Directors to remain confidential
  6. Availability of Shelf Companies
  7. Incorporate a company within 48 hours
  8. Filing annual returns not required
  9. Require only one director and one shareholder