BAHAMAS company:

The Bahamas are a chain of islands lying approximately 50 miles off the coast of Florida. The archipelago comprises about 100,000 square miles with more than 4,000 islands, islets and cays and enjoys a marine tropical climate characterised by persistent easterly trade winds. Nassau is the capital city where more than half of the population live.

The Bahamas is a constitutional Monarchy with a Parliamentary system of Government and retains the Queen as its head of state. The population of The Bahamas is in the region of 250,000.

Apart from tourism, the Banking and Finance sector is the second most important aspect of the Bahamian economy. The Bahamas is one of the largest offshore financial centers in the hemisphere with over 400 banks, trust companies and other licensed financial institutions. The Bahamas is renowned for its tax haven status and banking secrecy. Since the International Business Companies Act 1989 came into effect in 1990 The Bahamas has become one of the most popular areas to register an I.B.C.

INTERNATIONAL BUSINESS COMPANIES
Through its sister Company Mossack Fonseca & Co (UK) Limited RM provide a professional IBC Company Formation and administration service in The Bahamas and have a stock of ready-made Companies at their London office. IBC Companies offer a host of benefits to the offshore investor looking for a safe and cost effective haven for funds and assets. Some of the I.B.C benefits are:

TAXATION
IBC's are exempt from all local tax and stamp duty.

ASSET PROTECTION
Maximum security of assets includes the ability to transfer domicile.

CONFIDENTIALITY
There is no requirement for an IBC to file accounting or director information with the Registrar of Companies.

FLEXIBILITY
IBC's can re-acquire and re-issue shares for a consideration other than cash denominated in any currency.

APPLICATIONS