A Temporary Business Licence is a great way for foreign individuals and companies to perform specific tasks under contract in The Bahamas for up to 3 years.
The formal sale or purchase of property usually involves a sales agreement containing the terms and conditions which govern the manner in which consideration is exchanged, i.e. money for property. In commercial transactions involving the purchase of real estate or a business, sales agreement will often include a mutually agreed Completion Date, i.e. the final […]Continue reading
What is a Nominee Shareholder? A Nominee Shareholder is an unrelated third party, who is officially registered as the holder of company shares and whose name appears on all official documentation and public records for the purposes of holding shares in name only or fulfilling a legal obligation. Those appointed can be individuals, companies, or […]Continue reading
What is a Deed Poll? A Deed Poll is a legal document that allows an individual to assume a new name and provides documentary evidence of the name change. A Deed Poll can be used to: change one’s first name or surname to add names change the entire name rearrange the current name or […]Continue reading
Purchasing property in The Bahamas could be a confusing task, especially for first time home buyers and non-residents who are unaware of the number of fees associated with real estate transactions. To clarify the process we have provided a basic guideline to demonstrate the steps involved in the sale or purchase of real estate together […]Continue reading
For most people, the term ‘Foundation’ is often affiliated with charitable organizations that broadcast dramatical advertisements seeking to save the rainforest or feeding the poor on your local cable station. The common perception of a Foundation includes large organizations and billionaire families, while often distracted from other advantageous factors that can be utilized by the […]Continue reading
Every once in a while, while speed reading through the local dailies to catch the latest headlines worthy of gossip amidst fellow colleagues, a news report concerning the arrest of a local resident or a group of tourists for failing to declare a certain amount of cash to US Customs officers at the airport. Usually the […]Continue reading