Form with which a corporation may resolve to alter its corporate status top that of a subchapter (S) corporation.
Business For Status In Nassau
State:
Multi-State
County:
Nassau
Control #:
US-0046-CR
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
FAQ
The Bahamian economy is almost entirely dependent on tourism and financial services to generate foreign exchange earnings. Tourism alone provides an estimated 60% of the gross domestic product (GDP) and employs about half the Bahamian work force.
Registering your business in the Bahamas offers tax benefits, privacy protection, political stability, a strategic location, business-friendly regulations, and access to international markets, making it an appealing choice for entrepreneurs and investors.
All non-Bahamians or Permanent Residents seeking to do business in The Bahamas must submit a Project Proposal to the Bahamas Investment Authority (BIA). Additionally, from time to time the Government of the Bahamas offers targeted investment incentives for particular types of projects.
Getting Started. Any person who owns or wishes to operate a business in The Bahamas is required to apply for and obtain a business licence in compliance with the Business Licence Act 2010. Annual Business Licences are renewed annually and it is granted to applicants who regularly carry on a business activity.
All non-Bahamians or Permanent Residents seeking to do business in The Bahamas must submit a Project Proposal to the Bahamas Investment Authority (BIA). Additionally, from time to time the Government of the Bahamas offers targeted investment incentives for particular types of projects.
Food and Beverage. The food and beverage sector presents exciting opportunities in the Bahamas, where culinary experiences are vital to tourists and locals alike. i. Food Truck: A food truck serving Bahamian delicacies such as conch fritters, fish tacos, and rum cakes can attract both locals and tourists.
A minimum of two shareholders are required to form a LLC in the Bahamas. Shareholders can be from any country. There is no requirement for locals to be shareholders. Shares must be registered.
The Commonwealth of The Bahamas welcomes International Investors who wish to establish a business in The Bahamas. All non-Bahamians or Permanent Residents seeking to do business in The Bahamas must submit a Project Proposal to the Bahamas Investment Authority (BIA).