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...but visiting is very different from living and working in the islands. This paper explores Bahamian immigration policy and critiques the statement that Bahamian immigration policy is transparent and fair to all nationalities seeking to immigrate.
Discussion
The islands are beautiful and many people would like to live and work there. However, there are several considerations that need to be addressed before taking such a drastic step. First, the islands are a center of offshore banking; the "entire jurisdiction is one of the largest, most popular and successful tax havens in the world" (Offshore banking in the Bahamas, 2006). The island have "no tax jurisdiction" and that, coupled with their "superior banking privacy laws," make banking in the islands "seriously big business" (Offshore banking in the Bahamas, 2006).
The Bahamian government strictly adheres to the international laws governing the operation of offshore tax havens, "but they are also committed to the ongoing provision of extremely attractive incentives to attract those looking to invest or bank offshore or protect...