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The real problem is not the Business License Rate, it's the outrageous Banking Fees ($5,000 setup + $250 / month) for IBC. Not even mentioning the quality of service you get from these banks is really weak compared to what you get in HK or USA. Moreover, the AML Law in The Bahamas is so painful...

In The Bahamas, if you have an IBC (International Business Company) the rate for Corporate Tax is still 0% However, this special treatment might disappear soon due to pressure from the OECD. The worst-case scenario is they might start to request the IBC to pay the Business License rates as if...

Anybody around with experience in opening a Bank Account in HK today for a freshly incorporated Ltd in HK without any activity in HK Hence the primary reason to have an account and ltd in HK being "Claim Offshore Status". PS: I'm a Permanent Resident of The Bahamas for more than 10 years.