The Bahamas, or The Commonwealth of Bahamas, is an English-speaking country that is located in West Indies. It is an archipelago comprised of 700 cays and islands. Situated in the Atlantic Ocean, it is located north of the Caribbean and Cuba, east of the United States and Florida, and northwest of the Turks and Caicos Islands which are British dependency islands. The Bahamas has an administrative and judicial system that is similar to that of the United Kingdom. Elizabeth II is the non-resident queen of the Bahamas.

The Commonwealth of Bahamas is most renowned for its tax-free jurisdiction much the same as in Mauritius. The economy of Bahamas draws heavily on offshore banking. The key features of Bahamas that makes it very attractive potential investors are:

1. Stable democratic government
2. Exemption from corporate and personal income tax
3. Consistent dispersion of corporate profit
4. Proximity to the United States
5. Population of skilled professionals

The tax-free elements of the Bahamas lies in the fact that there are no capital gains tax, sales tax, corporate earnings tax, inheritance tax, or estate tax. International investment alone generates an income of 15% of the GDP. Yet, it is not tax that is most enticing. It is banking secrecy that calls investors to this archipelago.

The following are the highlights of the International Business Companies Act, 2000:

1. The Board of Directors should comprise of two or more entities who could be companies or individuals.
2. The names of the officers and directors should be should
   
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