Quote:
Originally posted by rocki
i think if you do start a company you have to employee a certain amount of locals out there.
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Nopes it works like this:
If you start a BVI you are NOT allowed to conduct business on the
bahamas.....so you can't sell your services to bahama companies
or individuals.
You can NOT start offshore activities for others....i.e. setup shell
companies for others or do financial services like banking stuff, etc.
If you hire people you should look for bahamians first and if you
want foreigners you have to proof there are no bahamians that
can do the job within any reason. This does not apply for officers
and high management functions. You can get a 3 foreigners for
such staff functions without any problems. Of course the VISA's
are valid for them and their family members.
Once an employee leaves his VISA expires 2 weeks after he left
the company.
DynaMite
