| Why The Bahamas?
Tax Haven
The Commonwealth of The
Bahamas, an independent country within The British Commonwealth of Nations, is a tax
haven. There are no income, capital gains, estate, profits, sales, value added, gift or
inheritance taxes.
Financial
Centre
The Bahamas
is the largest offshore financial centre in the Caribbean. There are over
300 banks and trust companies in The Bahamas.
Nassau serves as the headquarters
for the branches and subsidiaries of large financial organizations with international
affiliations. Head office, which engage in intermediary businesses and the main branches
of commercial banks, are headquartered in the capital city, Nassau.
There are also almost 600 mutual
funds managed or administered in The Bahamas and these control some $40 billion in assets. A stock exchange has been established.
Accessibility
The location of The Bahamas is
ideal. The 700 islands are close to Florida and have convenient airline connections with
Europe as well as with North and South America. Worldwide telephone, facsimile, Internet
and E-mail services are excellent. Telephone calls to and from The Bahamas can be dialed
directly.
Investment
Initiatives
The Government has adopted a
policy which encourages investment in homes and homesites. New initiatives have been
announced to encourage additional investment in property, in industry and in commercial
enterprises with residence benefits.
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