The Bahamas is one of the world’s principal international business and financial centres.  The country’s progressive legislation and regulatory structure, skilled workforce and responsive government have attracted many of the world’s largest and most prestigious financial institutions.  Convenient air transportation, modern infrastructure, including a state of the art telecommunications system, support efficient business operations in The Bahamas.


Scope
The financial services industry benefits from the country’s long history of political and social stability.  Bahamian parliamentary democracy has continued without interruption for more than 280 years.  As an independent nation, financial markets in The Bahamas are supervised by independent regulatory authorities, including the Central Bank of The Bahamas.

The Government and the private sector have a shared vision for the way forward in financial services, committing to developing and sustaining The Bahamas as a globally competitive international business centre for private wealth management, capital investment in the Americas and emerging markets and residency.

The Bahamas Financial Services Board (BSFB), a partnership between the Government and the private sector, promotes the development of the financial services industry.  It responds to the changing demands of international clients, and provides efficient coordination and communication of the opportunities available in The Bahamas.


Tax Policy
The Bahamas has no personal, capital gains, estate gift or inheritance taxes.  There is also no corporate tax unless revenue is derived from within The Bahamas.
 
Having regard to and structured upon the accepted international standards of transparency and tax information exchange, the Government has brought into force the International Tax Cooperation Act, 2010,and concluded twenty-two tax information exchange agreements with our major international business and financial partners.