The use of a stand alone company i.e. a company that is not owned by a trust, is not a very effective method of succession planing. This approach is even less effective if there is only one beneficial owner of the holding company.
Due to the fact that shares of a company are considered personal property, if a sole beneficial owner should pass away, the shares held by the beneficial owner will be subject to probate in the jurisdiction where the beneficial owner was domiciled, as well as The Bahamas.
FidPro can assist with the Resealing of the Probate in the local Probate Courts on the basis that the assets are held by a Bahamian holding company. For example:
Bahamian Probate Forms can be viewed here
BAHAMIAN PROBATE ADMINISTRATION