The purpose of setting up the head office in the Bahamas is to enable investors to freely participate in movie projects and enjoy the benefits of tax-free returns. Firstly, as shareholders in the holding company and secondly, from accrued worldwide film revenues from movies and associated media companies. All worldwide revenues are repatriated back to the holding company where dividends are declared and paid tax-free.
The Bahamas is recognised as a major international financial centre with leadership in a number of areas. As an international banking centre, the world’s leading domicile for offshore hedge funds, the second largest captive insurance centre and a world leader in structured finance, the jurisdiction stands as the only offshore international financial centre to possess such breadth and depth in financial services.
The jurisdiction has no direct personal, corporate or property taxes and we find that private and institutional investors are attracted to the Bahamas because of its professional infrastructure, business friendly approach, flexibility, an English common law framework, stability, well-regulated regime and tax neutrality.
The Bahamas Government and the private sector have maintained a partnership which has resulted in a climate that’s responsive to local and international market needs and provides flexibility while maintaining the financial centre’s integrity.
The Bahamas has maintained a very stable economic and political climate throughout its history.