A company in the Bahamas

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OFFSHORE REGISTRATION IN THE BAHAMAS

The Commonwealth of the Bahamas is an independent country, a place where you can register offshore of any type. Compared to other offshore zones in the state, such activities are very popular.

MAIN FEATURES OF OFFSHORE ZONES

It is worth knowing that by registering an offshore in an archipelago country, the company will mechanically be turned into an "International Business Company" (IBC) along with the status of "LLC".

IF YOU BECOME AN OFFSHORE OWNER IN THE BAHAMAS, YOU WILL NOT HAVE THE ABILITY TO:

• acquire any property;
• take out insurance policies;
• participate in banking activities.

You can only buy things needed for office work. Commercial activities can be carried out in other countries.

OFFSHORE PERSONS CAN:

• open bank accounts;
• use lawyers;
• archive accounts;
• make shareholder/director meetings for meetings.

Shareholders have the right to purchase securities of other companies, to sell registered shares in their own offshore company. Such securities can be in registered name only and can be sold, not exchanged for any property.

Legal Solutions Company offers everyone in Ukraine comprehensive services to support any business, from opening an offshore company to the full list of consulting, auditing and legal services.

PLUSES

AMONG THE ADVANTAGES OF OPENING AN OFFSHORE COMPANY IN THE BAHAMAS ARE THE FOLLOWING:

• high confidentiality rate;
• political stability in the country;
• absence of currency control;
• no income tax;
• no reporting requirements.

In addition, there are no bilateral documents on information exchange between Ukraine and the Bahamas.

DISADVANTAGES

For Ukrainians who want to register an offshore in the Bahamas, there are a number of negative factors. Among which are:
the state is included in offshore zones in other countries of the world, including Ukraine;
The Bahamas is included in the list of jurisdictions in Ukraine that fall under transfer pricing requirements;
there are no double taxation treaties.

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