Bahamas
compared with other well known Tax Havens

Learn how to use foreign trusts & holding companies ...

  • trade stocks, bonds, options and commodities free of capital gains taxes
  • sell U.S. real estate and closely held stock - tax free, even after FIRPTA
  • do's and dont's for secret numbered and ciphered bank accounts
  • protect assets from creditors, lawyers and the IRS
  • plus, the book covers over 25 Tax Havens.

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Example information from pages (# 22 & 23) in the book ...
Tax Havens of the World

Country
BERMUDA
TURKS/CAICOS
Islands
BAHAMAS (2)
SAINT VINCENT
Size
21.4 Sq miles
166 Sq miles
5,382 Sq miles
150 Sq miles
Population
65,000
7,000
200,000
124,000
Language
English
English
English
English
Political Stability
Very Good
Excellent
Very Good
Very Good
Corporate Tax Rate
0%
0%
0%
0% to 45%
Resident Individual's Tax Rate
0%
0%
0%
0% to 45%
Yearly Company Maintenance
US $5,000
US $500
US $350
US $380 - $800
Initial Costs to ..
US $4,000
US $1,000
US $900
US $1,000
Incorporate
Annual Government
US $1,200 +
US $300 (exempt companies)
US $100 to $350
US $190 tax
Int Companies
Tax on Bank Deposits
None
None
None
No
Bearer Shares
No
Yes
Yes
Yes
Trust Laws
Yes
Yes
Yes
Yes
Resident Agent Required
No
Yes
Yes
Yes
Time to Incorporate
3 Weeks
24 Hours
24 Hours
Few Days
Shareholder Meetings
Anywhere
Anywhere
Anywhere
Anywhere
Location of Board Meetings
Anywhere
Anywhere
Anywhere
Anywhere
Exchange Controls
None
None
None
If Non-resident Company
None
Shareholder Financial Statements
Required
Yes
Yes
Yes
Filing Annual Returns with Government.
Yes - for Companies
No
No
(Central Bank)
No
Minimum number of shareholders to form company
One
One
Two
One
Tax Treaties
Limited US Treaty
None
None
Many
Capital Gains Taxes
No
No
No
No
Estate / Inheritance Taxes
No
No
No
Yes (1)
Note: (1.) Non - residents and International Companies are not subject to estate inheritance taxes.
Note: (2.) The new International Business Companies Act of 1989 went into effect early 1990.

The Bahamas the perfect NO-tax haven
The Bahamas have one of the largest volumes of tax haven business in the world.

  • No personal or company income tax
  • No capital gains tax
  • No with holding tax
  • No business tax
  • No estate tax
  • No gift tax
  • No inheritance tax
  • No death duties
  • No employment tax
  • No sales taxes
  • No exchange controls
  • No tax treaties  ...and,
  • No probate fees in the Bahamas.

Corporations, individuals, partnerships, trusts & estates
(including non resident controlled Bahamian corporations)
all enjoy this immunity.

The principal source of income for the government comes from the
company registration fees & custom duties.

Tax Haven Reporter Newsletter 12 Issues for $200 a Yr + the ...
8th Edition of the Tax Havens of the World - BOOK "FREE"
(Regular Price $90 US)

Home Page

  • Information - & FAQ's about Off Shore Banking
  • Bahamas - Compared with other Tax Havens
  • IRS Letter Ruling 9332006 - How to legally avoid millions of $$$$ in taxes!
  • The BOOK - (Complete Table of Contents)
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  • Order - [IBC] International Business Corporation
  • Questions - for Tom Azzara

Tom Azzara (Lawyers & Consultants)
New Providence Estate Planners, Ltd.
Nassau, Bahamas

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Tax Havens of the World

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