Bahamas

35 Employees

Third-party revenues

$7,033,174,262
Related-party revenues

$14,517,154,542
Total revenues

$21,550,328,803
Profit before tax

$571,440,737
Tax paid

$0
Tax accrued

$0
Tangible assets

$613,919,890
Stated capital

$100,000
Accumulated earnings

$1,477,479,773

Main business activities

Trading and Supply

Shell’s footprint

Shell has been present in the Bahamas since 2002, following the acquisition of Enterprise Oil. In 2019, Shell E&P Ireland Offshore Inc. was renamed Shell Bahamas Power Company Inc. (SBPC). SBPC is the designated company for the implementation of the proposed liquefied natural gas (LNG) regasification and power plant project in partnership with a Bahamas state-owned entity, Bahamas Power and Light Company Limited.

Since 2018, Shell also operates a crude oil business, Shell Western Supply and Trading Limited, which is registered in the Bahamas and serves West African and Latin American markets.

Country financial analysis

The Bahamas does not impose corporate income tax on international business companies operating in the country. However, international business companies pay indirect taxes and fees in the Bahamas.

Corporate income tax

This is a direct tax imposed on companies’ profits. It is sometimes levied at a national level but can also be levied on a state or local basis.

View complete glossary

Country

Throughout this report, “country” is used as the primary descriptor for a geographical area because that is the word used by the OECD/G20 Base Erosion and Profit Shifting (BEPS) project in their proposal for country-by-country reporting (CbCR). This is one of the four minimum reporting standards to which over 100 countries have committed, covering the tax residence jurisdictions of nearly all large multinational enterprises (MNEs). In this report “country” may also refer to locations, jurisdictions or territories which have their own tax regimes or discrete rules.

View complete glossary

Fees

Fees and other sums paid as consideration for acquiring a licence for gaining access to an area where extractive activities are performed. Administrative government fees that are not specifically related to the extractive sector, or to access to extractive resources, are excluded. Also excluded are payments made in return for services provided by a government.

View complete glossary

Indirect taxes

Taxes raised on goods and services rather than income and profits. Examples include VAT, GST, sales tax, customs duties, excise duties, stamp duty, services tax, registration duty and transaction tax.

View complete glossary

Bahamas

35 Employees

Main business activities

Shell’s footprint

Country financial analysis

You might also be interested in

More in this report

More on Shell websites