BAHAMAS
The Bahamas
ADVANTAGES OF THE BAHAMAS
- Excellent corporation law.
- Flexible company law.
- No taxes levied on offshore and banking transactions.
- No exchange control regulations.
- Political and economic stability.
- Serviced by major world airlines.
- Excellent hotel accommodation.
- Excellent worldwide communication facilities.
- Skilled personnel.
- No capital gains, income or any other kind of tax.
SOCIAL AND ECONOMIC INDICATORS
| Location: | 40 - 60 miles east of Florida (U.S.A.) |
| Area: | 700 islands comprising 5,358 square miles. Most Bahamians live in two major urban centres: Nassau and Freeport. |
| Population: | 340,000 |
| Climate: | Tropical |
| Official Language: | English |
| Government: | Parliamentary Democracy. Member of the British Commonwealth recognizing Queen Elizabeth II as head of state. |
| Living Standard: | High |
| Banking: | Worldwide banking facilities available |
| Legal Tender: | Bahamian dollar, which is on a par with the U.S. dollar. |
| Industry: | Tourism, financial services and small industries. |
