We are Universal Financial & Business Consultants; a company based in Nassau, Bahamas offering a full range of corporate services.
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The Bahamas is one of the world's principal international financial centers. Many of the world's largest and most prestigious financial institutions have set up branch or subsidiary operations in The Bahamas, taking advantage of the country's stable political system, modern and accommodating banking legislation and skilled workforce. Over four hundred banks from thirty-six different countries are currently licensed to do business within or from The Bahamas. The Central Bank of the Bahamas supervises all bank and trust companies, and is responsible for licensing and compliance.
Bahamian law strongly protects the right to confidentiality and privacy of bank clients. Non-residents who do business in The Bahamas also enjoy freedom from exchange controls. The Bahamas has not entered into tax TREATIES with any other country. In addition, the country has no personal or corporate income, capital gains, estate, gift or inheritance taxes. The regulatory environment is flexible yet responsible. Innovative instruments and legislative programs allow:
. Ease in offshore corporate formation and administration;
. Protection for trusts established in The Bahamas from regulatory decisions of other jurisdictions;
. Asset protection from future claims for high-risk professionals and businessmen.
Recent legislation initiatives include laws governing the establishment of mutual funds, and legislation providing for limited duration companies that are attractve as flow through entities for tax purposes. Currently under development is a stock market that will allow closed-end mutual funds to register in The Bahamas, under the supervision of the Registrar of Insurance Companies. The enactment of anti-money laundering legislation in 1995 reinforces The Bahamas' position in the forefront of reputable, secure international financial centers.
FREEDOM FROM TAXATION
One of the most attractve elements about investing in The Bahamas is the tax-free status accorded income. There are no taxes levied on capital gains, corporate earnings, personal income, sales, inheritance, or dividends. This tax freedom is available to all Resident Corporations, Partnershpis, Indviduals and Trusts.
ECONOMIC AND MONETARY STABILITY
Investors are also attracted to the stability of the economy, which is steadied by the solid value of the Bahamian dollar. This currency is pegged to the U.S. dollar on a 1:1 ratio. US Dollars and Bahamian Dollars are used interchangeably throughout the island chain.
A WEALTH OF INVESTMENT INCENTIVES
The inducements of a tax-free environment and a stable currency are enhanced by a series of investment incentives that provide relief from customs duties on approved raw materials, equipment and building supplies, as well as allowing exemptions from business licenses and real property taxes for up to 20 years.
WHY INVEST IN THE BAHAMAS?
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