I was thinking about forming an investment club. Then it struck me. Instead of starting a LLC, LLP, or LLLP here in the states, why not start one overseas. Specifically, Im thinking of the Bahamas. Does anyone have any insight or experience with this?
This part here from The Bahamas got me thinking.
The Bahamas has no personal, capital gains, estate gift or inheritance taxes. There is also no corporate tax unless revenue is derived from within The Bahamas.
Having regard to and structured upon the accepted international standards of transparency and tax information exchange, the Government has brought into force the International Tax Cooperation Act, 2010,and concluded twenty-two tax information exchange agreements with our major international business and financial partners.