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The Bahamas, an archipelago of some 700 Islands is ideally suited for investors from around the world. Ease of accessibility, political stability and an independent legal system affords the investor convenience and comfort in investments. Additionally, there is no income, capital gains, estate, profits, sales, value added, gift or inheritence taxes. All of these combined, give The Bahamas a distinct advantage as an offshore jurisdiction.
The financial infrastructure of The Bahamas, is primarily made up of approximately 400 banks and trust companies. There are representative branches or affiliates of almost every major international financial institution. Most of these banks have a general License which permits them to take deposits from any individual or corporation. The Bahamian dollar is on par with the US$ dollar for over the counter transactions, and both Bahamian and US currency are used interchangeably locally.