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
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.
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
Table of Contents Questions and answers concerning principles of Wills in the Bahamas 1. What is it called when a person dies without a Will? 2. What happens when a person with assets in The Bahamas dies without a Last Will and Testament? 3. What is meant by “residuary estate” under part II of the
Table of Contents Who is a Business Attorney? Questions to Ask a Business Attorney Do You Have Any Experience With My Industry What Kind of Business Structure Should I Choose? What are the Things I Should Have in Mind for Choosing a Business Name? What is Your Communication Way/Style? Is there any Chance of a
Table of Contents Why Do You Need to Be Prepared for Your First Meeting? Be Prepared With the Documents Be Prepared to Describe Your Situation Be Prepared to Ask all the Necessary Questions Things to Know About Estate Before Meeting a Probate Attorney The principal or large possessions: All personal property: Any money: Take Away
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