Bahamas

The Bahamas is a highly respected international financial and tourism centre comprising over 700 islands stretching from Florida to Hispaniola. The Bahamas benefits from a spectacular environment and climate, close proximity to the US, and an advanced travel infrastructure with direct flights available to numerous destinations in the US, Canada, the UK and continental Europe.

With low fees and competitive rates available on Company and Fiduciary Services, The Bahamas is a leading offshore jurisdiction. It offers sophisticated structures including International Business Companies, Foundations, Trusts, Private Investment Funds and Limited Partnerships, administered by a highly qualified financial community. The Bahamas is tax neutral, with no Income, Capital Gains, Estate or Inheritance taxes, and no withholding tax on dividends or interest. Client confidentiality is protected by both statute and common law principles. The Bahamas is recognised as a 'white list' jurisdiction by the OECD.

Tourism forms the largest sector of the Bahamian economy. The availability of suitable locations, legislation promoting foreign investment and developer friendly governments, also make The Bahamas a prime location for resort development. The availability of residency licenses and tax neutral status also makes The Bahamas a popular choice of domicile for discerning high net-worth individuals.

The Bahamas has been a stable parliamentary democracy for over 275 years, and an independent country since 1973. As a former colony of the UK, the legal system of The Bahamas is based on that of England and Wales. The Privy Council in London remains the highest Court of Appeal. The Bahamas has a modern and business friendly legislative and regulatory regime.

Lennox Paton's Bahamas office:

3 Bayside Executive Park
West Bay Street & Blake Road
Nassau
The Bahamas
P.O. Box N-4875

Tel:     +1 (242) 502 5000
Fax:     +1 (242) 328 0566

 

Contact: Brian Simms QC or Simone Fitzcharles

  • Litigation
  • Insolvency and Restructuring

Michael Paton

  • Banking & Finance
  • Corporate & Commercial
  • Investment Funds
  • Trusts and Foundations

David Johnstone

  • Real Estate
  • Resort Development
  • Private Client
  • Shipping