Bahamas

The Bahamas is an island country composed of more that 700 islands. Population of around 310000. The official language of the country is English and its also the most used language in every day life and in business. The official currency of Bahamas is Bahamas dollar having the same value as the US dollar.

Incorporation

The usual time it take to incorporate a company in Bahamas is around 5 days. The most common type of company incorporated in Bahamas is a international business company. With a minimum paid up share capital of 50 000 USD and usually authorized share capital of USD 50000. 

Tax

Bahamas dose not have any double tax treaties with other countries. The corporate tax is zero. Minimum yearly fee to the government is around 350 USD.

 Company upkeep

The only required thing to keep your company registered in the Bahamas is the yearly government fee. No documents have to be filed. Only required to prepare accounts.

Private foundation 

Another popular type in Bahamas is private foundation. They can be used for charitable or non charitable purposes, or to benefit sole or multiple persons. Foundations are usually revocable. Differing from Trusts with the possibility to run perpetuity. Usual time for establishment is around 2 weeks. Name of the foundation must have the word "Foundation" in its title to be incorporated. A foundation may have one or more founders are corporate bodies or natural persons, a protector, council members and beneficiaries.