Bahamas

1. INTRODUCTION
- Commonwealth of Bahamas is situated on many islands in Caribbean not far from Florida. Popular place for holidays but as well a popular offshore centre.

2. ADVANTAGES
- Maximum confidentiality possible
- New flexible legislation for IBC-s
- Low prices for incorporation and annual fees
- tax-free status guaranteed for 20 years.

3. DISADVANTAGES
- Lower prestige than the European offshore centres have.
- IBC's are not permitted to deal or trade in securities as an agent or to provide securities investment advice.
4. COMPANY NAME
- Sensitive words "Bank", "Insurance Company", "Trust", "Royal", Building Society", "Chamber of Commerce", "Chartered", "Cooperative", "Imperial", "Municipal".
- Must end "Inc.", Ltd. or "S.A."

5. SHAREHOLDERS
- min. 1 legal person or individual. Bearer shares are not permitted. Register of shareholders must be submitted with the names and addresses of all shareholders to be kept at the registered office, this is not a matter of public record.

6. DIRECTORS
- min. 1, legal person or individual. Register of directors must be submitted showing their names and addresses to be filed with the Registrar.

7. ACCOUNTS
- not needed to submit

8. SHARE CAPITAL
- optimal - 5.000 $ (must not be paid up).

9. TIME TO SUPPLY
- from ready-made list - 3 days for courier.
- with new name - up to 12 days.