Form with which a corporation may resolve to alter its corporate status top that of a subchapter (S) corporation.
S Corporation Form In Nassau
State:
Multi-State
County:
Nassau
Control #:
US-0046-CR
Format:
Word;
Rich Text
Instant download
Description
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FAQ
The Bahamas has no income tax, corporate tax, value-added tax or wealth tax for those investing in offshore companies. Foreign investment in tourism and banking is especially welcome. The Bahamas is home to one of the world's largest open-registry shipping fleets.
Since 2001, LLC's must provide the names and addresses of the officers and directors to the Registrar General's Department. Otherwise, only a Memorandum and the Articles of Association need to be filed. Normally, the registration process takes no more than one day.
The BVI is a tax neutral jurisdiction and BVI companies are not subject to income tax, capital gains tax, withholding tax or stamp duty. BVI companies may be used in corporate structures, or to facilitate corporate transactions, without a further layer of tax being introduced.
The legal requirements for a Certificate of Incorporation in the Bahamas include submitting proposed company names for approval, providing a description of the business activities, and identifying the officers and directors of the company. The necessary documents must be filed with the Registrar of Companies.
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.
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.