PwC The Bahamas: About Us

The Bahamas

The Commonwealth of The Bahamas is an archipelago of 700 islands and some 2,000 rocks and cays expanding over some 100,000 square miles (260,000 square kilometers), located just 50 miles to the south of the coast of the state of Florida, USA.

Nassau, the capital city, is located on the island of New Providence, and Freeport, the second largest city, is located on the Island of Grand Bahama, about 190 miles (306 kilometers) and 60 miles (97 kilometers), respectively, from Miami, Florida. The islands, other than New Providence, are known as the “Family Islands”.

The Bahamas possesses one of the oldest democracies in the hemisphere, with a parliamentary democracy dating back to 1729. Prior to gaining its independence on July 10, 1973, The Bahamas was a British colony. It is now a member of the Commonwealth of Nations, with Her Majesty Queen Elizabeth II as head of state. The Queen’s representative in The Bahamas is the Governor General.

The Bahamas presents a unique mix of sub-tropical beauty (sun, sand and sea), political stability, social tranquility, and a tax-neutral landscape. These attributes are all crucial contributors to its political stability, sophisticated international financial services sector and flourishing tourism industry.