||The Bahamas are a group of around 700 islands located off the south east coast of the state of Florida, USA and have been an independent member of the British Commonwealth since 1973. The Bahamas have a political and legal system which closely follows the UK system and British common law applies. There is an estimated population of 350,000. The official language is English and its currency is the Bahamian Dollar and the US dollars that are used interchangeably throughout the island chain.
The Bahamas have an excellent range of international banks based in the islands with currently 396 banks holdings licences under the Banks and Trust Companies Regulations Act 2000. Bahamas have no tax treaties or agreements for the exchange of information with any other state except agreements covering specific mutual assistance.