There are many personal benefits to Bahamas Permanent Residency: a stable democratic environment, relief from personal income taxes, timely repatriation of corporate profits, proximity to the United States with extensive air and communication links, and preferential access to major markets. In The Bahamas there are no personal income taxes, capital gains, wealth, inheritance, succession, or gift taxes. Tax revenue in The Bahamas is derived primarily from VAT, import/stamp duties, real property tax, casino taxes and license fees. Additionally, The Bahamas is a stunning tropical paradise to set up a home for tax-free living.