Located within arguably the clearest waters in the world, the Bahamas comprise of over 700 islands. With soft white sands and year-round warm weather, the Bahamas have always been considered a luxurious holiday destination. However, the Islands can offer professionals challenging and interesting work, as well as that much sought after quality of life.
The Bahamas extends 760 miles from the coast of Florida on the north-west almost to Haiti on the south-east. The group consists of 700 islands with the principal island being New Providence where the capital, Nassau, is located. There are direct flights from the UK which take approximately 8 hours.
Warm and pleasant, the average Bahamian temperature is 70°F/ 21°C in the winter and about 86°F/ 30°C in the summer.
The Bahamas has no direct tax and this fact, coupled with its proximity to the US, makes it a key financial centre for corporate and personal investors. Professionals in the Bahamas work under a US framework and legal system. The Bahamas achieved independence from Britain on July 10, 1973, and is now a fully self-governing member of the Commonwealth and a member of the United Nations, the Caribbean Community and the Organization of American States.
Characteristically, the Bahamas offers its professionals the opportunity to work in smaller teams than they are used to and therefore become integral to the business they join. They will also work closely with their clients in an environment where they will be treated as a valued member of the team. Due to the size of the Islands, commuting distances are negligible which mean there is more time to enjoy outside work pursuits.
The islands have a thriving sporting and social community and it is easy to make friends in a place where there are so many like-minded people keen on water sports, socialising and their careers.
Salaries are uniformly high and with the favourable tax position, UK and US professionals are roughly 50% better off in real terms. Relocation expenses, temporary accommodation and transport are also included as standard in most packages.
There are a number of recognised low tax jurisdictions across the globe, officially known as Offshore Financial Centres. These jurisdictions are home to thriving economies, driven by businesses operating in the Financial, Legal & Fiduciary, Wealth Management, Commerce and Tourism sectors.
Businesses are attracted by low levels of corporation tax and lenient financial regulations. Executives are drawn by fast-track, blue-chip roles, low to zero levels of personal taxation and an exceptional quality of life.
Demand remains high for Lawyers, Accountants and Banking professionals, as well as some IT, Marketing and HR professionals. Most opportunities are available on a permanent basis, typically the duration of the work permit, but we are seeing an increasing number of roles for Interim Managers and temps/contractors.
Although we cover all disciplines and industry types, our core expertise covers the following:
Michael Page Offshore is ideally positioned to place English-speaking professionals in key roles across the Offshore market.
