UK Nationals based in the Cayman Islands seeking finance of £700,000 to assist with the purchase of two North London apartments on a buy to let basis.
The Bahamas is one of the wealthiest Caribbean countries with an economy heavily dependent on tourism and offshore banking.
Over 270 years of uninterrupted Parliamentary Democracy makes The Bahamas one of the most stable countries in the world. Prior to its independence in 1973, The Commonwealth of The Bahamas was a British Colony. To this date, The Bahamas remains a member of the Commonwealth and also holds membership in the United Nations and Organization of American States. The political system is based on the British parliamentary system.
The Bahamas is a pure tax haven and has no direct taxation in the form of income tax, capital gains tax, gift tax or inheritance tax. Whilst there is no requirement to file audited accounts with the authorities, a company is required to keep financial records, which reflect the financial position of a company.