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On 18 May 2023, the Ministry of Finance released for public consultation, a Green Paper on Corporate Income Tax Strategies for The Bahamas. The Green Paper is geared toward soliciting feedback from stakeholders on The Bahamas Government’s proposals to achieve greater efficiency and equity in the business tax regime and achieve alignment with global tax developments. The consultative exercise ends on 31 August 2023. PricewaterhouseCoopers (Bahamas) Limited remains committed to engaging with The Bahamas Government and Stakeholders in this consultative exercise for the betterment of the country, industry, our business and clients.
We offer local and international companies an array of administrative, management, corporate secretarial and tax advisory services.
Our corporate and fiduciary services team can assist you with setting up an international business company (IBC) with a highly efficient tax structure. Businesses use IBCs for asset protection, tax and estate planning, commercial transactions and the holding of assets. We offer complete confidentiality in IBC formation, with no minimum capital required.
We’re also experienced in helping set up the Bahamian foundation, an increasingly popular business structure, which is a hybrid of trust and company structures. The foundation is excellent for estate and tax planning, segregation of assets, holding and management of assets, and establishing charities. We can set up your foundation and act in the capacity of the foundation agent. For persons living in civil law jurisdictions, this is the structure of choice because Bahamian foundations do not recognise forced heirship laws.
Additionally, our services include setting up exempted limited partnerships, registration of foreign companies under the laws of The Bahamas and company continuations.
We also assist with enterprise tax, trust and regulatory compliance, residency and employment related services, statutory record-keeping and back-office services.