Monday, May 4, 2009
Island Living
It was another beautiful afternoon on Grand Bahama today. I met a wonderful lady this morning from Italy, who is looking to buy property on Grand Bahama. Grand Bahama Island has always enjoyed a stable political and economic climate. The local currency is tied to the American dollar and Grand Bahama is home to many international banks and insurance companies. The current wave of investment, which is set to continue, means that business and commerce are thriving. The Bahamas is a country exempt from all taxes on revenue, capital gains and inheritance. Freeport / Lucaya residents are also exempt from paying property taxes. The Commonwealth of The Bahamas is committed to building an economic environment in which free enterprise can flourish.
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