Form with which a corporation may resolve to alter its corporate status top that of a subchapter (S) corporation.
Business Status Forfeited In Nassau
State:
Multi-State
County:
Nassau
Control #:
US-0046-CR
Format:
Word;
Rich Text
Instant download
Description
Free preview
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FAQ
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.
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 Bahamas Limited Liability Company (LLC) can be incorporated as a local limited liability company under the Companies Act of 1992 or as an international business company under the International Business Companies Act of 2001 with limited liability protection.
ABOUT BUSINESS LICENCES The approval process is normally within seven (7) working days, providing all required information and documentation has been submitted correctly. The Business Licence Unit is located at the Department of Inland Revenue on Carmichael Road, Shops at Carmichael Plaza- Nassau, Bahamas.
A Permit to Acquire Property is required by all non-Bahamians acquiring an interest in land if the property is undeveloped land with two or more adjoining acres. A Permit is also required if the intended use is not as an owner-occupied property.
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).
Once all the requirements are met, the licence can be issued on the same day. In some instances further processing of some applicants may be necessary and can take up to but not exceeding three(3) business days.
All businesses are required to be licenced under the Business Licence bill 2010. This includes all businesses registered before the bill became law. Any person who wishes to incorporate a company in the Bahamas is required by law to register the business.
Illinois corporation not in good standing refers to a corporation in the state of Illinois that has failed to comply with the state's requirements for reporting and paying fees.
Establishing a Business in The Bahamas for Foreign Companies - Government - Services. All non-Bahamians or Permanent Residents seeking to do business in The Bahamas must submit a Project Proposal to the Bahamas Investment Authority (BIA). There are no requirements for Bahamians to qualify for this service.