Oracle Capital Advisors has a truly global footprint with clients in every region of the world. Due to this fact we need to be domiciled in a location that guarantees the services and protections to meet our clients’ needs. The following reasons are why the Bahamas is the most advantageous:
Regulation: The Bahamas is a Tier-A IOSCO Regulator and has some of the most serious compliance regulations in the world.
Neutral Tax Base: Since its inception as a sovereign nation, the Bahamas has chosen to collect its taxes differently than most countries, with a heavy emphasis on consumption taxes. Duty makes up the biggest percentage of taxes collected, in addition to property taxes and a VAT on local spending. An income or a corporate tax has never been levied, as it is viewed locally as a less-fair system of taxation. Of course clients operating through the Bahamas are responsible to abide by the laws of their home countries or country of residence; but by working through the Bahamas you begin from a neutral tax base and are not disadvantaged by an additional set of taxes.
Security: We realize that we are in an industry where reputation rules. Protecting the information that clients have entrusted us with is paramount. Transparency and openness are an important part of today’s financial world. Operating with the full disclosure of beneficial owners and their source-of-funds is paramount; but like any institution in any jurisdiction, Oracle Capital Advisors believes that protecting your privacy is important. Operating with account-holding in the Bahamas bolsters this security and makes us unique among our peers.
Location: Strategically located at the crossroads of the Americas, The Bahamas is just 30 minutes off the coast of Florida. One of only a few countries with US pre-clearance, daily flights to major cities in North America and access to Latin America through direct flights to Panama. Easy access to Europe is ensured through direct flights to London.