What are the primary advantages of The Bahamas as the international financial services "jurisdiction of choice"?

Category: Advantages

Answer:

As a sovereign country, with strong regulatory oversight and sensitivity to the requirements of a global market, The Bahamas is committed to the financial services industry. Aspects of the Bahamas environment that have supported the development of this industry over the last 60 years include:

• Independent judicial system, based on English Common Law;
• Long history of constitutional democracy, dating back to 1729;
• Large, diverse and highly-skilled professional community;
• Easy access, located at the crossroads of the Americas, with many direct flights each day from America and Europe;
• Absence of exchange control for non-residents;
• Modern and accommodating legislative framework;
• No personal or corporate income, capital gains, estate, gift or inheritance taxes;
• Regulatory environment that is conducive to investment opportunity, while maintaining the highest international standards of operation and conduct
• Public/private sector cooperation