The Bahamas

Imagine a company with: one shareholder .. one director .. bearer shares .. nominee directors .. shareholder meetings held anywhere .. by  phone, proxy, or not at all ..
offshore banking, safe from creditors, with no requirement to meet or name
shareholders or directors and no annual returns to file to any tax department.
Impossible? Not with an Offshore Company registered in the tax-haven of Nassau,
The Bahamas.

What can you do with an IBC?

-     Manage an Offshore Portfolio
-     Offshore banking
-     Own Property and Ships
-     Lease Equipment and Property
-     International Trade
-     Consulting Services
-     Hold Intellectual Property
-     Financial Planning
-     Hold Assets Secretly

Who needs an offshore company and bank account?

The answer is; practically anybody with a net worth, anyone with assets that may
be attached in a potential lawsuit (doctors and other professionals), those wishing
to invest without having a tax penalty on the returns, those who wish to run their
business in a less restrictive legislation and those who would just like to retain a
little plain old privacy in their affairs.

In The Bahamas, legislation has been created in the form of the International
Business Company (IBC) Act to provide a vehicle for all the above plus many more.
The uses of an IBC are only limited by your imagination. The Government of The Bahamas is at pains to preserve your privacy and, at the same time, the integrity
of the financial services industry here. Directors of IBCs remain anonymous; names
of shareholders are not recorded other than at the company's registered office and
may not be divulged to any authority. Shares may be issued as "Bearer Shares"
and the company may have "nominee" directors.
There are no restrictions on trade from The Bahamas enabling an IBC to trade
globally in total privacy. Banking secrecy is rigidly enforced by law and bank
records cannot be made available to the authorities of any jurisdiction.

The Bahamas has no tax treaties with any other nation and has no interest in the
requests of other nations to do so. Also, since there are no personal or corporate
taxes in The Bahamas, any request to the courts  of a tax matter is not admissible.

Your Private Bank Account

Banking secrecy in The Bahamas is strictly enforced by law. Access to bank
records is only available to signatories on the account - and to no one else.
Tax avoidance or even tax evasion are not considered criminal matters in The
Bahamas and, since there are no taxes here, there are no statutes relating to them, rendering it impossible for the courts to give a decision, even if asked. No details
of the directors, shareholders or beneficial owners can be obtained by any tax
authorities and the banks will not reveal even the existence of any account.

Bahamian banks are regulated far more strictly than banks in the U.S.A. and must,
by law, hold much greater reserves. They are all rigorously audited by The Central
Bank. The Bahamas is the 4th largest financial center in the World, with over 400 banking organisations, and as such, the Government cannot allow any breach of trust
or to have any bank's integrity compromised; therefore, the banking system is
completely safeguarded.

All normal banking services are available such as investment accounts and electronic account detail and Internet account access. Wire transfers may be made by facsimile
or by direct computer link with the bank. Checking accounts and Gold debit cards are
also available with no credit checks.

Portfolio Management
There are many advantages in holding equity shares in an offshore company in The Bahamas, where there are no taxes on the company, no reporting, where shareholders
may be nominee and management can be provided through Power of Attorney.

Intellectual Property
The simple holding of Intellectual Property in an IBC can account for significant
profit increase, tax savings and minimization of reporting and regulatory compliance.

Holding Title to Real Estate, Improved Property, and Other Physical Assets
Precious Metals, Real Estate, Improved Property, Valuable Collections and Shares
of Beneficial Interest can be held by an offshore company.

Asset Protection
In litigious countries such as the United States, it has become common practice for individuals and companies to seek offshore protection against: Malpractice claims
in the case of  Doctors and other professionals, Product liability, Creditors,  Business
or Personal Judgments and problematic divorces. An IBC's assets cannot be touched.

Inter-Company Finances; Borrowing, Lending and Leasing
An offshore company holding title to machinery and equipment can lease the same
to a company in an onshore jurisdiction with profits for the operation  maintained
offshore, unreported and untaxed. A loan and interest from an offshore company
can be collected from a company in an onshore jurisdiction.

Ship/Boat Owning and Shipping Company Operation
Register your ship or boat in Nassau for minimum tax and liability. Operating costs
are also minimized when using personnel from developing countries.

Consultancies and Personal Service Companies
Setting up your consultant service in an offshore jurisdiction will enhance your visibility
and increase your earning potential by minimizing taxes and operating expenses.

Personnel Companies/Personnel Management
If you are operating offshore, through an IBC,  you can provide services worldwide.
Ease of operation, minimal accounting and retention of earnings can all work toward
maximizing income. The individual can be an employee of the offshore company.

Employment for Offshore Contracts
If you or your company have an offshore contract and must hire people to fulfill the
details of the agreement, then it would pay to retain the employees or consultants
offshore in The Bahamas, where there is no need for payroll taxes, insurance and
other compliance costs.

An International Business Company incorporated in Nassau, The
Bahamas, along with the IBC's own Corporate Bank account, offers
you and your assets full International secrecy and protection and the
sooner you have one setup, the sooner you gain all the advantages.