Why Is It Better In The Bahamas?
The Bahamas, an archipelago of 700 islands and 2,400
cays extends 760 miles from the coast of Florida on
the northwest, and almost Haiti on the southeast with
an area of 5,358 sq miles (13,878 sq. km.)
Approximately 30 of the islands are inhabited. The
nation's most populated cities are Nassau, the capital
located on New Providence Island and Freeport on Grand
Bahama. The other islands are referred to as the "Family
Islands" or "Out Islands"
The Bahamas is ideally positioned as a leading international
business centre that is linked to every major market
in the world. With the existence of a highly skilled
professional talent pool, legislation conducive to business,
a risk based regulatory environment, and systems for
the prevention and detection of money laundering and
financing of terrorism, The Bahamas boasts over 300
banks and trust companies and manages an estimated $200
billion of Eurocurrency business. There are also over
60 institutions licensed to provide fund administration
and some 90 licensed to provide broker-dealer an/or
investment advisory services. The depth and quality
of financial services institutions is complemented by
the provision of tax neutral platform for all business
activity. It is also a country committed to its democratic
traditions, fiscal prudence, and a strong pirvate-public
sector partnership.
THE BENEFITS OF DOING BUSINESS
IN THE BAHAMAS
A Low Tax Jurisdiction
The Bahamas has preserved its crucial tax neutrality
in the new financial architecture that has emerged in
the country. In the Bahamas businesses and individuals
are not subject to:
- Capital Tax
- Death Tax
- Gift Tax
- Income Tax
- Inheritance Tax
- Withholding Tax
A Stable Political & Economic
Environment
As an independent nation since 1973, The Bahamas is
one of the oldest, most vibrant democracies in the Western
Hemisphere. The Bahamas is a member of The Commonwealth
of Nations with her Majesty Queen Elizabeth II as head
of state.
Modern Legislation & Regulatory
Framework
The legal system of The Bahamas, modeled on the British
pattern and independent of the political process in
the country provides a well-established environment
for international business. The Bahamas has up-to-date
sound investment-orientated legislation that is specifically
designed to meet the needs of international business.
With new and amended legislation, a comprehensive regulatory
and supervisory framework that adheres to international
best practices, and a cohesive and confident private
sector The Bahamas is even more stronger and competitive
as an international financial centre.
The ability of The Bahamas as an independent nation
to set its own legislative of agenda is an important
consideration when deciding the location for personal
financial services.
Investment Friendly Environment
& Confidentiality
The Bahamas has a liberal investment policy, with government
encouraging and promoting foreign investment. As a tax-neutral
financial centre with close proximity to the United
States, good telecommunications physical infrastructure
and a well established pool of highly experienced Attorneys
and Accountants it has a unique environment for the
conduct of international financial services.
Additionally, the Bahamian Government recognizes and
values the right to confidentiality in financial matters.
Clients can rest assured knowing that all of their financial
affairs will be handled with the utmost care, confidentiality
and a professional manner.
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