News

Untitled design (14)

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

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 Not only will these amendments allow for better and easier business practices within the Bahamas by reducing outdated and cumbersome processes, but also will put

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.

Non Profit

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

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 carryout business. S7(1) provides as follows: “(1) A

What to Take to the First Meeting with the Probate Attorney?

The death of a loved one is harsh. Handling the probate process alone is more complex while still grieving their loss. To complete the probate procedure, most people hire an attorney. The procedure of making the appropriate applications to the Probate Registry, gathering and managing a deceased person’s assets, paying any outstanding obligations and distributing

Persons at desk reviewing paperwork

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

NON-PROFIT ORGANIZATION AND VAT This article discusses VAT filing obligations for Non-Profit Organizations (NPOs) and Domestic Bahamian Companies and provides insight into annual business filings for incorporated companies. It also takes a brief look at business licence renewal requirements for “trading as” companies. Non-Profit Organization “NPO” are organizations which are established for the purposes of

TESTIMONIALS

Exceptional proven skills in Employment law, Corporate Law, Contract and Commercial Law, Risk prevention and Governance
Dedicated Professional adept at risk management, data protection, corporate governance and quality assurance
A General Counsel who knows how to help businesses succeed