Nassau is the next CAYMAN ISLANDS

Bahamas is known as an island of tranquility, relaxation and luxury vacations. This archipelago of islands is not usually associated as a nation of financial and offshore banking, in contrast to the nearby Cayman Bank. More info can be found here: offshore banking. 

Despite this, long after you visit the beautiful and unforgettable islands of the Bahamas, you'll still be wowed by the Bahamas offshore banking! Offshore banking often perceived as below table. Some countries believe that any offshore associated with something indecent. Banks internationally and offshore is currently very popular, despite common misconceptions. Completely legal and authorized, there is nothing to be afraid when you are honest with the tax officials in your own nation. 

Since Nassau is the capital, it is the center of the financial markets in the Bahamas. Regardless of any other country, the Bahamas is self regulated. It has its own system of banking laws on privacy, and a no-tax jurisdiction policy. The local government passed the standard international laws for all offshore tax haven countries. 

Why should the Bahamas be a better place to bank than CAYMAN ISLANDS?

First and foremost in this country personal income is tax free! So you don, AOT have to worry about most any taxes, including capital gains tax! You can have these things if there is a corporate and multi-national company. 

Of course, one of the best benefits in addition to free tax banking secrecy. You can rest easy knowing that your private information securely tucked away. America and countries like it don, AOT afford that freedom to their citizens, of course. Wait a minute, what about the IRS? Well, yes, it Amos true IRS is very interested in your earnings and income. Their economic situation overseas requires reporting. According to the law of the country, the only way a bank can be forced to disclose your personal information in the event of a Supreme Court ruling. It gives customers confidence that they will not be disturbed by any legal entities. So there really sin, AOT nothing to worry about since the odds of suspected tax evasion, will probably never ever go to the Supreme Court! 

Asset Protection provides yet another advantage of banking offshore. When you hold assets in America, you are always in danger of losing them. Especially so if you're in a profession that is often exposed to lawsuits. However, some overseas business person avoided this risk by creating an international group free from creditors and civil judgments. An offshore bank account holder an open door to many international markets that would not have been open to them. Competitive rates are issued on these things in the international markets, mutual funds returns (due to lack of fees). Estate planning is also much less complicated way. 

With benefits like these are what aos no wonder that 50% of the world, Amos wealth lies in offshore institutions. Often a company will begin its offshore banking company with an account in the Bahamas. This is really one of the largest industries in the Bahamas. For more information on this subject see here for a beginners guide to offshore banking.