Bahamas compared with other well known .. Tax Havens

• 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 & ciphered bank accounts
• protect assets from creditors, lawyers and the IRS
• plus, the book covers over, 25 Tax Havens.

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.

• 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.

Key Words to use to find information on any of the above:

Tax havens, offshore banking, offshore trusts, privacy, wealth protection, wealth insurances, OFFSHORE TAX HAVENS, OFFSHORE BANKING, OFFSHORE TRUSTS, PRIVACY, WEALTH INSURANCE, tax havens, Offshore Banking, Offshore Trusts, Privacy, Wealth, Wealth Insurance, IBC's, Corporations, Corp., Investments, Investing, Tax, Tax Free, Tax Savings, Foreign, Foreign Residency, "FREE", TAX FREE, Communications, Money Security, Freedom, Confidentiality, Confidential, Global Finance, Financial, International Finance, International Corporations, Shell Corporations, Tom Azzara's Tax Havens, Bahamas, International Business Companies.