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Introduction | Information BAHAMAS From the early 17th century up until 1973, the Bahamas was a British colony and the government is still run along British lines with the British monarch as the head of state, represented in the islands by a governor-general. Now an independent republic, the Bahamas first introduced offshore legislation in 1989 with the introduction of the International Business Companies Act. Since then, its legislation has been honed and amended to become one of the most flexible and easy to utilise in the offshore world. Long-established and well-respected jurisdiction Known offshore territory Guaranteed zero taxation No public disclosure of beneficial ownership Choice of corporate vehicles Strong supporting infrastructure of banks, lawyers and accountants Fast incorporation - 24 hours Highly flexible, modern legislation Incorporation Datasheet The Perpetuities Act, 1995 The Perpetuities (Amendment) Act, 2004 The Purpose Trust Act, 2004 The Trustee Act, 1998 The Trustee (Amendment) Act, 2004 The Companies Act, 1992 The Exempted Limited Partnership Act, 1995 The International Business Companies Act, 2000 The International Business Companies (Amendment) Act, 2004 The Segregated Accounts Companies Act, 2004 The Foundations Act, 2004 The Foundations Regulations, 2004