Thursday, November 15, 2012

What conditions in the Bahamas for offshore companies?

What conditions in the Bahamas for offshore companies?
Commonwealth of the Bahamas, located in the Atlantic Ocean off the west coast of Florida, gained independence in 1973. State's population is 250 thousand people. Special tax climate in the Bahamas that evolved during the British colonization, and after gaining independence it only strengthened. The political situation in the Bahamas is characterized by high degree of stability, as the British Royal Navy
guaranteed the former colony of the empire protection against any external threat.Is quite stable and the economic situation of the country - the average per capita income is $ 9000 a year.

As offshore zone Bahamas are known for their zero-tax in this country there is no corporate or personal income taxes, property taxes and various deal with it, capital gains and value added. Companies and individuals that do not have resident status in the Bahamas, to conduct business in a foreign currency to the formal permission of the local central bank. The state budget is replenished only by the two taxes - for registration of the company and for the customs procedure. The value of the first of these two taxes is fixed - it is $ 865. Features of the financial climate of the Bahamas is almost complete secrecy of bank information and the lack of any penalties for the owners of offshore companies for tax evasion in other countries. In this regard, The Bahamas does not enter into any agreements with foreign states on financial disclosure. The only exception is an agreement with the United States on mutual assistance in combating drug trafficking.

Because of its geographical position offshore zone Bahamas serves mostly American business. The country registered 391 banks and trust companies. Volume of financial market Bahamas than eight trillion dollars. In the ranking of the world's financial centers Bahamas ranked fifth after London, New York, the Cayman Islands and the British Virgin Islands.

1 comment:

  1. Assets are transferred to the new company or trust so that gains may be realized, or income earned, within this legal entity rather than earned by the original owner.

    More info

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