The Bahamas is first known for its breathtaking beaches and hospitable people, which stand as the foundation for a successful tourism industry and economy by extension. Offshore and wealth management services in The Bahamas were offered as early as the 1930’s but at the time on a much lower scale than at present, when The Bahamas has positioned itself as a leading offshore financial centre with modern banking, investment markets, funds and corporate service facilities.

For alternative methods of asset protection and wealth preservation, through Belize company or any other offshore entity, our agents are on standby to answer questions. To receive information on dual nationality and citizenship by investment programs, simply submit an inquiry. Dominica Economic Citizenship-by-Investment provides two avenues for applying for citizenship. There are no residency requirements.

Business wise, tax shelters with second passport programs do not impose tax on capital gains and business tax rates are lower. Settlors can also benefit from making investments in real estate and further extending their financial stability.

It has been calculated that over 3.2 million tourists visit The Bahamas annually and are responsible for about 1.3 billion US dollars earned within The Bahamas. Consequently, tourism accounts for about 40% of GDP, representing 70% of government income. Tourism in The Bahamas is a major generator of employment for the islands of The Bahamas and stimulates the development of various entertainment, hospitality, cultural and service sectors.

One of the challenges that the islands of the Bahamas has had to confront relates to the Haitian crisis, which, for The Bahamas has resulted in the illegal immigration of Haitians to The Bahamas, particularly on the less inhabited islands as well as those nearer to Haiti. Such close proximity to the United States has had its set of challenges, though the Government of The Bahamas has successfully been able to foster friendly and mutually beneficial relations with the USA. As such, trade and travel between The Bahamas and USA are easily facilitated due to relaxed trade and commercial arrangements, and the absence of visa restrictions for travel to the USA by Bahamians who qualify for visa free travel. The strategic location of The Bahamas is also a major factor influencing the influx of Americans and Canadians who go to the islands throughout the year as a result of the ease and relative affordability of travel. At least 80% of annual visitors to The Bahamas come from North America.

Despite the Caribbean flavoured Bahamian tradition and culture, Bahamian way of life is similar to that of the USA with regard to fast food, dress and business environment. North Americans are therefore comfortable visiting The Bahamas on business and vacation due to the social and cultural similitude. Economic stability, and the circulation of the US dollar also makes the Bahamian business climate attractive for North American investors, who have very little or nothing to lose due to the fact that the Bahamian dollar is pegged to the USD at a ratio of one to one. The US dollar is widely circulated throughout the Bahamas, irrespective of island, and used interchangeably with Bahamian national currency, The Bahamian dollar (BSD).

Adding to the latter advantages, The Bahamas counts at least 6 major airports which are served by several international airlines. The flights originate from within the Caribbean region such as Air Jamaica, Europe, all of Latin America including Cuba, the United States and Canada. Regular flights are available to the Bahamian family islands by Bahamasair and private air services, to include special charters.

Partly with the objective of attracting FDI in the many islands that comprise The Bahamas, greater ease of land and property acquisition is given to foreign nationals under the International Persons Landholding Act, which was passed in 1994 and replaced the Immovable Property Act of 1981 (repealed). Continue some more

The Commonwealth of The Bahamas is a grouping which comprises 29 islands, over 700 cays and a few thousand islets, located no too far from the coast of Florida.

In July 2009, statistics showed that the Bahamas had a population of around 309 156, comprising a combination of people of Negro, White and Asian descent. English is the official language of The Bahamas, though Bahamian dialect is a proud aspect of Bahamian life as it reflects uniqueness, Bahamian style and culture.