The congressional regime governing securities intermediaries in The Bahamas was recently improved by the introduction of the Securities Industry Act, 2011. This has directed to the attractiveness of the province as a heart for entities involved in administering securities business in or from The Bahamas.
Timeframe: within 6 months
- Investment Dealer and Agent – £ 2,30,000
- Investment Agent –£ 92,000
No business may carry on or has a desire to carry on securities business in or from the Bahamas except that organization is duly recorded with the Securities Commission of the Bahamas. The earlier mentioned Commission is the national figure bound for the permitting of all types of financial dealers in the Bahamas.
An appellant for a Forex License is needed to present the appropriate certificate to the Commission.
Advantages of Bahamas Forex company:
- Complete Anonymity
- 0% Corporate Income Tax
- 0% Personal Income Tax
- Income from foreign properties is not taxable in the Bahamas
- Royalty revenue is not taxable in the Bahamas
- There are no tax records needed
- No Data Sharing
- Stockholders are Not Public Record
- Low Yearly Fee