Category: Corporate Governance

companies act in the Bahamas

The Bahamas Enhances Ease of Doing Business with Companies (Amendment) Act 2020

Table of Contents Changes Introduced by the Companies (Amendment) Act 2020 in the Bahamas In an effort to further improve the ease of doing business within the Bahamas, Parliament has enacted the Companies (Amendment) Act, 2020 and the International Business Companies (Amendment) Act, 2020. Not only will these amendments allow for better and easier business

Beneficial Ownership

Bahamas Legislation used as a tool to capture information on beneficial owners to help curb global tax crimes, money laundering and other bad acts… how does it affect you?

Some view corporate vehicles including companies, trusts, foundations, partnerships and the like as being vulnerable to misuse by criminals for nefarious acts such as money laundering, bribery and corruption, insider dealings, tax fraud, terrorist financing and more.

VAT act bahamas

Guidance for Bahamian Domestic Companies and NPOs on VAT filings; and a brief digest on annual filings and business license renewals

Table of Contents Non-profit Organization and VAT in the Bahamas Approval Necessary for Non-Profit Organization to Be Exempted for VAT Criteria to be Considered as NPO Under the Regulation Should A NPO Register for VAT? NPO Must Register in Order to Receive Refunds Annual Obligations and VAT for Private and Public Companies “Domestic Companies” Annual

Man on tablet

Commercial Entities (Substance Requirements) Act, 2018 (CESRA) Reporting obligations for Companies under Bahamian Law – Part I

All Bahamian entities incorporated under the Companies Act, International Business Companies Act, Exempted Limited Partnership Act, Partnership Act, Limited Liability Partnership Act and being in existence in 2019 is required to file a report with the Competent Authority by 31 December 2020

Non Profit

Bahamian Non-profits must register with the Registrar General’s Dept., otherwise be barred from transacting business and may face fines

Table of Contents Checklist for Registering a Nonprofit Anti-money laundering regulations “sweeps across” the non-profit regime in The Bahamas with the implementation of the 2019 Non Profit Organisation (NPO) statute. The Non-profit Act 2019 (“the Act”) and the amendments thereto makes it mandatory, pursuant to s7(1) for all Non-profits to be registered in order to

TESTIMONIALS

I have had the honor and pleasure of working with Mrs. Yvette Rahming for the past seven years. Mrs. Rahming was a part of the Sr. Management team and she played a key role in the building and development of APD Limited. Her attention to detail and her knowledge and grasp of the law and solving compliance issues were paramount to the success of APD. As In-House Legal Counsel Mrs. Rahming was responsible for the creation, negotiation and drafting of contracts and she dealt with major employment matters. Mrs. Rahming was a pioneer in leading the company to receive its ISO certifications and she was a team builder within the company’s Safety Department. She also played an intricate role in writing the Company’s Handbook and formulating safety related manuals.
Dion O. Bethell,President, CFO – APD Limited President, CFO - APD Limited
Exceptional proven skills in Employment law, Corporate Law, Contract and Commercial Law, Risk prevention and Governance
A General Counsel who knows how to help businesses succeed