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Subject: Can I live in bahamas if I start a HEDGE FUND there?

Posted by: bob
Host: CPE0040f4370143.cpe.net.cable.rogers.com
IP #: 24.43.30.206
E-mail: <bobdek999@hotmail.com>
Date Posted: August 21, 2002 at 14:20:54
Subject: Can I live in bahamas if I start a HEDGE FUND there?

Message:

I currently live in Canada where I own a business, but most of my income is
made from trading stock index futures through the internet. I have made over
100% just in the last 3 months and am making large amounts of money. I am
trying to escape Canada's high taxes on those trading profits.

I don't have enough money to buy a $500,000 house in Bahamas yet, maybe in a
year or two I will. But I would like to live in Bahamas NOW now later,
thereby becoming a "non-resident" of Canada for tax purposes.

I have considered the possibility of doing my trading via the start-up of my
own hedge fund, which could also accept other investors if I wished.

So here is my question:

If I incorporate a new hedge fund in the Bahamas, and I am acting as the
manage of that hedge fund, does that entitle me to live as a "resident" in the
Bahamas, even though I have not bought a house there?

What issues are involved? Can I be the only "owner" of the hedge fund? Or
do I need a Bahamian partner to own at least 51% of the business?

Anyone know anything about this?

Re: Can I live in bahamas if I start a HEDGE FUND there? - Sue 10-19-09
Re: Can I live in bahamas if I start a HEDGE FUND there? - tommy 10-02-08
Re: Can I live in bahamas if I start a HEDGE FUND there? - Harald Fuhrmann 9-08-02