The Bahamas - Taxation

The absence of direct taxation has enabled the Bahamas to attract a substantial number of financial enterprises in search of tax-shelter advantages. The country has no income taxes, capital gains taxes, or profit taxes, and residents are free from succession, inheritance, gift, or estate taxes. The only indirect taxation is a real property tax, ranging from 0.75% to 1% for owner-occupied property and 0.5% to 1.5% on commercial property.