The main vehicle offered for International Tax Planning Purposes is referred to as International Business Company ("IBC"). The IBC in Bahamas is a straight forward vehicle easy to use and with minimum statutory obligations. As it is designed for international tax planning, similarly to its rival jurisdictions, the IBCs can not perform services in regulated markets such as the insurance sector, banking, trustee services & management or collective investment schemes. In addition, IBCs can not trade within Bahamas or own local property.
The Country (Wikipedia)