BAHAMAS

A true offshore centre, the Bahamas does not have any form of direct taxation such as income tax, capital gains tax, gift tax or inheritance tax. The Bahamas have excellent communications and a well developed financial services sector. The lack of public registers ensures confidentiality although this can be a disadvantage where proof of ownership of assets is important for example in relation to property transactions.

COMPANY STRUCTURE
TYPE OF COMPANY	International Business Company
Minimum Number of Directors	1
Local Directors Required	No
Minimum Number of Shareholders	1
Bearer Shares Allowed	Yes
Registered Office	A local registered office and agent is required
Disclosure of Directors/Shareholders	No
Standard  Authorised Capital	US $5000
*Time to Incorporate & Supply Documents	14 days
Ready-Made Companies Available	Yes
Audited Accounts Required	No
*This is an estimate of the time taken to incorporate the company, structure it to the needs of the client and deliver the corporate papers.

INDICATIVE FEES
Annually	Incorporation	Tax Exemption	Domiciliary
1st Year	£400	$250	£475
2nd Year	-	$250	£475
These are quoted as an estimate of our fees to incorporate a new company and structure it as required. They include all annual charges currently payable. Additional fees will be payable if nominee services are required. A detailed fee schedule will be supplied upon request.