Commonwealth of The Bahamas - IBC/Other jurisdictions

The Commonwealth of Bahamas is a traditional tax-free ‘offshore island’ jurisdiction, located in the Caribbean Sea not far from the Eastern coastline of Florida, USA.  
The Bahamas is an archipelago consisting of approximately 700 islands. The jurisdiction has a well-developed communications network and general infrastructure. Tourism, the financial sector and agricultural exports are the primary sources of income.  

The political status of jurisdiction - an independent state (independence from the Great Britain has been achieved in 1973). The political and legislative system of the Bahamas is based on English model. The official head of the state is the Queen of the United Kingdom, who is represented in the Bahamas by the Governor-General. The Prime Minister is the head of the Government and is elected from the party having the majority of seats in Assembly.