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Home > Jurisdictions > Global Jurisdictions > Bahamas

  • Full Name: Commonwealth of The
    Bahamas
  • Geographical Area: group of 700 Islands and nearly 2,500 small islets or cays. Approximately 30 of these Islands are inhabited with two major population centers, Nassau, located on New ProvidenceIsland and Freeport, located on Grand Bahama
    Island
  •  
    Terrain and Climate:  tropical maritime climate, generally year-round good weather between 70 degrees to 92 degrees
  •  
    Population: 305,655  (July 2007 est.)
  •  
    Ethnicity:  Black 85%, Caucasian 12%
  • Capital:
    Nassau
  • Government:  The Bahamas is a member of the
    British Commonwealth and has a constitutional multi-party parliamentary democracy.
  •  
    Major Languages: Colorful local English, Creole and French
  •  
    Major Religion: Christian, Baptist and Roman Catholic
  •  
    Life Expectancy: 65.66 years
  • Monetary Unit: Bahamian and
    U.S. dollars are approximately equivalency (1 $B = 1 $US)
  • Exchange Controls and Taxation:  Yes on citizens, but n8[o income, corporate tax, capital gains or inheritance tax   
  •  
    Stamp Tax – 7% on businesses imports of any kind
  •  
    Main Exports: Fish and crawfish; rum, salt, chemicals; fruit and vegetables
  •  
    Compulsory Education:  Compulsory to the age of 16, suffrage 18 years of age
  •  
    GDP: US $6.1 billion (2005)
  •  
    Annual Growth Rate: 2.9%
  •  
    Major Industry:  Tourism
  •  
    Communication:  Owned and Monitored by Government, considered good, broadband and VOIP generally best choices, internet - .bs
  •  
    International dialing code:  +1 - 242
  •  
    Known as “tax-haven” for qualified residents
  •  
    Number of Banks:  425
  •  
    Head of State: Hubert Ingraham, Nominal Chief of State – Queen Elizabeth II
  •  
    Press: 
  •  
    Radio:  AM 3, FM 5,
  •  
    Television:  2 Major Stations
  •  
    Time Zone: EST, GMT -5 (GMT -4 from first Sunday in April till last Sunday in October).
  •  
    Airport:  Six Major Airports
  •  
     
    Bank List
 

Bahamas

  • Full Name: Commonwealth of The Bahamas
  • Geographical Area: group of 700 Islands and nearly 2,500 small islets or cays. Approximately 30 of these Islands are inhabited with two major population centers, Nassau, located on New ProvidenceIsland and Freeport, located on Grand BahamaIsland
  • Terrain and Climate:  tropical maritime climate, generally year-round good weather between 70 degrees to 92 degrees
  • Population: 305,655  (July 2007 est.)
  • Ethnicity:  Black 85%, Caucasian 12%
  • Capital: Nassau
  • Government:  The Bahamas is a member of the British Commonwealth and has a constitutional multi-party parliamentary democracy.
  • Major Languages: Colorful local English, Creole and French
  • Major Religion: Christian, Baptist and Roman Catholic
  • Life Expectancy: 65.66 years
  • Monetary Unit: Bahamian and U.S. dollars are approximately equivalency (1 $B = 1 $US)
  • Exchange Controls and Taxation:  Yes on citizens, but n8[o income, corporate tax, capital gains or inheritance tax   
  • Stamp Tax – 7% on businesses imports of any kind
  • Main Exports: Fish and crawfish; rum, salt, chemicals; fruit and vegetables
  • Compulsory Education:  Compulsory to the age of 16, suffrage 18 years of age
  • GDP: US $6.1 billion (2005)
  • Annual Growth Rate: 2.9%
  • Major Industry:  Tourism
  • Communication:  Owned and Monitored by Government, considered good, broadband and VOIP generally best choices, internet - .bs
  • International dialing code:  +1 - 242
  • Known as “tax-haven” for qualified residents
  • Number of Banks:  425
  • Head of State: Hubert Ingraham, Nominal Chief of State – Queen Elizabeth II
  • Press: 
  • Radio:  AM 3, FM 5,
  • Television:  2 Major Stations
  • Time Zone: EST, GMT -5 (GMT -4 from first Sunday in April till last Sunday in October).
  • Airport:  Six Major Airports
  • Bank List

·         British American Bank

·         Bank of the Bahamas

·         Barclay's Bank PLC

·         Citibank N.A.

·         Commonwealth Bank Ltd.

·         Scotiabank Bahamas Limited

·         The Canadian Imperial Bank of Commerce (CIBC) Bahamas Limited

·         The Finance Corporation of The Bahamas (FINCO)

·         The Royal Bank of Canada

 

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