The Bahamas is an independent country consisting of 700 islands and over 1,000 small cays stretching from the southeast coast of Florida to the southeast tip of Cuba. The financial center of The Bahamas is the capital Nassau, which is about a two-hour direct flight from Atlanta or a 55-minute direct flight from Miami.
There are no Bahamian corporate, personal income, capital gains, withholding, inheritance and estate taxes. The Bahamas has been an offshore financial center since the 1930s. As an independent nation since 1973, The Bahamas has been able to establish legislation to meet the requirements of an increasingly sophisticated financial services marketplace. However, unlike many other offshore financial centers, which are subject to legislative changes and other pressures from outside the jurisdiction, The Bahamas, as an independent country, charts its own course. This is an important advantage to The Bahamas in these days of increasing pressure from the European Union, the U.K. in particular, and the U.S. with regard to the tax and financial privacy laws of low-tax and no-tax jurisdictions.