The Bahamas is well known as a tax haven and prime location for foreign investors. Today, we'd like to provide an in-depth guide on how US citizens can gain a significant tax benefit by setting up shop along the sunny shores of the Bahamas.
In some instances, US individuals or companies can save up to 35% by setting up international operations using a relatively small investment and expanding using tax-free earnings.
Where do these tax advantages come from?
These special tax advantages are available courtesy of the taxation provisions of the Internal Revenue Code (IRC). These provisions provide the guidelines that allow certain people and businesses tax exemptions or deferments of foreign income by the US government.
To become eligible,…