Bahamas.
|
General |
|
|
Legal Framework |
English Common Law |
|
Official Language |
English |
| Official Currency | Bahamian Dollars |
| Confidentiality | Yes |
| Rule Against Perpetuities | Yes |
|
Creditor Concerns |
|
| Permit Confiscation of Property | Yes |
| Protection from Forced Heirship | Yes |
| Enforcement of Foreign Judgment | Yes |
| Recognize Trust Protector | Yes |
|
Economic/Political |
|
|
Business Infrastructure |
Good |
|
Economic Stability |
Good |
|
Exchange Controls |
None |
|
Political Stability |
Excellent |
|
Taxes |
|
|
Taxes |
None |
| Tax Treaties | No |
|
Prospects for Future Taxation |
None |
|
Approximate Costs |
|
| Formation Fee | |
|
Acceptance Fee |
|
|
Trustee Fee/Annual Admin. |
|
|
Creditor Protection Trust (CPT) |
|
|
Voidable by Creditors (Statute of Elizabeth) |
No |
|
Revocable |
No |
|
Absolute Discretion in Trustee Over Assets and Distributions |
Yes |
|
Loss of Beneficial Interest When Levied Upon by Creditors |
Yes |
|
Statute of Limitations during which Creditors can bring suit |
2 Years |
|
Approximate CPT Costs |
|
| Formation Fee | |
|
Acceptance Fee |
|
|
Trustee Fee/Annual Admin. |
|
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