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About The Bahamas

aboutTheBahamas

Sprinkled over 100,000 square miles of ocean, starting approximately 50 miles off the coast of south Florida and stretching in a southeasterly direction, the islands of The Bahamas, its 700 islands and 2,400 cays and rocks have long been a highly attractive and sought after locale for vacationers but in the last half century has become an increasingly attractive jurisdiction for those seeking investment opportunity and second home residency.

The capital of The Bahamas is Nassau, located on the island of New Providence, where approximately two-thirds of the country’s population of about 350,000 resides. Grand Bahama, in the north, is home to the country’s second city and is considered its industrial capital.

The language spoken in The Bahamas is English, with indigenous dialects of English spoken informally. The Bahamas is a harmonious blending of all religions, with the main religion being Christianity.

The Bahamas achieved independence from Britain July 10, 1973, and has a continued legacy of Parliamentary democracy for over 300 years. The Bahamas is proud to be a fully self-governing member of the Commonwealth and a member of the United Nations, the Caribbean Community (CARICOM) and the Organization of American States (OAS).

The Bahamas provides a tax neutral, business-friendly environment with proximity to major markets, accessibility and ease of travel via air and sea, the availability of skilled professionals, currency on par with the U.S. dollar and an upgraded infrastructure in addition to the ideal climate for recreation and leisure.

Tourism is the number one industry, attracting more than 5.9 million visitors a year by sea and by air. Second home ownership is encouraged and many of the world’s most influential people have found a residence, or private island, in The Bahamas. Financial services and agriculture are the second and third tiers of the economy, followed by light manufacturing and construction, with a strong culture of visual and performing arts providing employment and enjoyment for locals and visitors alike.