The Bahamas Company can be exercised for trading internationally and investment holding activity. It can also engage in any further business, providing a special licence or permit is not required. The Company is not subject to corporate taxation. One director is required, while in terms of shareholders there must be two subscribers, but shares can be transferred to one person. The director’s public records are available, the shareholder(s) are not. The Company does not have to file its accounts and it is not required to submit an annual return.