Bahamas local jobs

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The islands can offer professionals challenging and interesting work, as well as that much sought after quality of life. An attractive location for those wanting to live their life whilst building a solid career. The Bahamas extends miles from the coast of Florida on the north-west, close to Haiti on the south-east.

The principal island is New Providence where the capital, Nassau, is located. Direct flights to Nassau from the UK take approximately 8 hours. The Bahamas enjoys a high per capita income, most of which is concentrated in the commercial and tourist centres. Its economy has experienced a huge growth in the services sector, compounding the islands' dependence on tourism and banking.

No direct tax coupled with its close proximity to the US, makes the Bahamas a key financial centre for corporate and personal investors. Professionals in the Bahamas work under a US framework and legal system. Limited duration companies under the International Business Act have been abolished.

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Companies incorporated on or before December 31, , are grandfathered for three years, until December 31, On the other hand, local commercial banks will be able to provide services to international clients. With regard to the Commercial Entities Substance Requirements Act - financial and insurance services companies, shipping businesses, IP businesses, headquarters businesses, holdings and companies providing services to or trading with affiliates are required to meet economic substance requirements.

The Register of Beneficial Ownership Act establishes obligations for registered agents to identify and verify identities of beneficial owners of companies incorporated in the Bahamas and maintain databases to hold such beneficial ownership. MNEs are groups that have two or more entities incorporated in different jurisdictions and that have a consolidated group revenue of over USD mil.

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A former British colony and now a Commonwealth member, the country is a major centre for offshore finance and has one of the world's largest open-registry shipping fleets. The islands can offer professionals challenging and interesting work, as well as that much sought after quality of life. An attractive location for those wanting to live their life whilst building a solid career.

The Bahamas extends miles from the coast of Florida on the north-west, close to Haiti on the south-east. The principal island is New Providence where the capital, Nassau, is located. Direct flights to Nassau from the UK take approximately 8 hours. The Bahamas enjoys a high per capita income, most of which is concentrated in the commercial and tourist centres. Its economy has experienced a huge growth in the services sector, compounding the islands' dependence on tourism and banking.

No direct tax coupled with its close proximity to the US, makes the Bahamas a key financial centre for corporate and personal investors. Limited duration companies under the International Business Act have been abolished. Companies incorporated on or before December 31, , are grandfathered for three years, until December 31, On the other hand, local commercial banks will be able to provide services to international clients.

With regard to the Commercial Entities Substance Requirements Act - financial and insurance services companies, shipping businesses, IP businesses, headquarters businesses, holdings and companies providing services to or trading with affiliates are required to meet economic substance requirements. The Register of Beneficial Ownership Act establishes obligations for registered agents to identify and verify identities of beneficial owners of companies incorporated in the Bahamas and maintain databases to hold such beneficial ownership.

MNEs are groups that have two or more entities incorporated in different jurisdictions and that have a consolidated group revenue of over USD mil.