Bahamas

Status
Not open for further replies.
i am talking about employment in the conventional sense, yes.
if you wish to create a business that operates locally, i am sure there are many regulations to comply with. if you are trading from your home, however, i believe the thrust of your explanation to the bahamian authorities is simply "i manage my investments" and that's it. i am not an authority on this subject however. metooxx is the guru.
 
Metooxx

...I understand that if you create a IBC, you (and your wife) could work for that IBC (receiving the deduction discussed earlier in this thread). The excess of that deduction can be left in the IBC and not taxed unless repatriated to the USA.. Can you verify this.
 
btw i am fairly sure you need to be on the inside of some private outfit down there, negotiate commissions, use private, proprietary software, etc., to have any chance of trading profitably. you may not need the same licenses you need to prop trade in the u.s., but if you think you are going to walk into a retail brokerage and not get clipped on commissions -- forget it. none of the offshore, online brokerages that i have researched offer anything NEAR workable commissions. you need to be on the inside, know people, etc. -- so what else is new?
 
i understand that one can open a u.s.-based account as an offshore entity and that IB in particular accepts offshore entity accounts---however---there are issues of privacy that come into play. it may very well be that depositing funds in u.s. banks with u.s. brokers is the way to go (i simply am not sure yet), but you must realize that the irs has it that much easier with the funds right under their noses in the u.s. banking system.
 
Is it easy to travel to Florida from the Bahamas, with a ferry for ex. ? As a non US person it would be a good way to be close to the US and be able to spend part of the year in the States.
 
Quote from BlueHorseshoe:



Metooxx - what is the school situation? Do you have kids or alternatively, what do the expats think/say about the local school system?

Any concerns re: bringing a young family to Freeport or other Bahama locales?

Thnks in advance.
More...

My grandson went to school here for the first half of the year; went back to suburban Chicago for last half. The suburban Chicago school district is in the top 5 of the state.

He went to a private Catholic school; around $2K a year. The is another private scholl for $8K a year; a little snobby though.

My middle daughter, son-in-law and grandson came with us; no concerns.

He learned more in the Bahamas ...
 
Quote from hermit_trader:

Metooxx:

Is the summer of Bahamas very hot and humid?

Which parts of the New Prov island should be avoided?

In addition to the rent, how much is needed to live there? Is $2000 per month for one person OK?

Thanks!
More...

Not as bad as Chicago summers.

Over the Hill at night.

Hard question; but I know other expats that live on less ...
 
Quote from Kicking:

But how do you become a permanent resident? What net worth do you need to qualify as a non working resident?
More...

Buy a house over $500K, that will do it ...
 
Status
Not open for further replies.
Back
Top