Why open a Bank Account in Bahamas?

With more than 40,000 offshore companies declared on its 700 archipelagos, the opening of an offshore account in the Bahamas is very common since the territory offers a jurisdiction that is really interesting for non-residents. Incomes is not taxed by the government, and there is no capital gains tax for companies based in the Bahamas which do not operate in the Bahamas.

Companies generally referred to the IBC jurisdiction, International Business Company, i.e. a company that must not engage in business with residents of the Bahamas and not engage in any insurance or banking activity do not have to pay income taxes. One of the main advantages of the I.B.C is the possibility of owning bank accounts on the Bahamian territory without being considered a resident company in the archipelago.

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The flexibility and the legislation offered by our offshore partner banks allow a pleasant and secure environment for all foreign investors who want to maximize its revenues and profits, in order to be more focused on the development of its business. Individuals are also exempt from all taxes, provided they own a real estate that worth more than USD 500,000.