NASSAU, Bahamas — Global foreign investors flock to The Bahamas to bask in warm weather and enjoy the low cost of living. Gaining permanent residency here remains a highly feasible option and Caves Heights luxury condominium development in Nassau offers the ideal solution – affordable oceanfront property with all the benefits. The Bahamas has zero rate income tax, capital gains tax, wealth tax, or inheritance tax.

“We’ve seen a significant increase in the number of foreign investors expressing interest in properties priced above $500,000 USD,” said Caves Heights, VP/Sales & Marketing Gustaf Hernqvist. “The demand for these condos is extremely high now there is an increased awareness of the strong investment potential in the Bahamas, with the remaining available units now becoming an exclusive commodity.”

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The Bahamas’ gaming industry marked a milestone today as Atlantis Paradise Island officially launched its new Race & Sports Book, which is the first of its kind in the country.

Speaking at the launch held in the resort’s casino today, Atlantis president and managing director George Markantonis said: “This is very important for a lot of reasons. We are creating new jobs and we are contributing to the economy with additional gaming taxes.”

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PARADISE ISLAND, Bahamas, Oct. 3, 2013 /PRNewswire/ — Atlantis, Paradise Island (“Atlantis”), the renowned casino resort in Paradise Island, The Bahamas and Cantor Gaming® announced today the grand opening of a brand new, 6,860 square foot state-of-the-art race and sports book at Atlantis.

The new race and sports book at Atlantis offers patrons a stylish and sophisticated sports wagering environment, equipped with the latest in technological advancements, including Cantor Gaming’s proprietary wireless gaming system.

Highlights include a 4 mm high definition indoor LED video wall, measuring 67 feet by 7.5 feet, capable of showing up to 20 independent high definition race and sporting events simultaneously. This defining feature can be enjoyed from any of the 44 personal wagering stations, six VIP betting stations, eight personal betting lounge stations and eight bar gaming slots.

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Bimini is on a new tourism path, following the launch of the Bimini SuperFast cruise ship out of Miami, which brings the Bahamas closer to the US than it has ever been before.
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Pictured: Minister of Financial Services Ryan Pinder (left) speaks September 26, 2013, at the Higgs and Johnson Annual Client Seminar, held at the Sheraton Nassau Beach Resort. (BIS Photo/Eric Rose)

Minister of Financial Services Ryan Pinder said last week that the financial services industry, and specifically the developments in what is regarded as international best practices in international financial services, has caused for increased compliance requirements on institutions and clients.

“The lawyers here today have had to advise their institutional clients and industry clients on the evolutions that are required,” Minister Pinder said at the Higgs and Johnson Annual Client Seminar, held at the Sheraton Nassau Beach Resort September 26, under the theme: Riding the Waves of Change: Compliance, Confidentiality and More.

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The Bahamas recently participated in the 20th Session of the United Nations World Tourism Organization’s General Assembly held in Zambia and Zimbabwe.
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LITHONIA, Georgia — Minister of Education Jerome Fitzgerald, accompanied by Bahamas consul general to Atlanta Randy Rolle and deputy consul general Monique Vanderpool, recently paid a courtesy call on Lecester Allen, owner of the Allen Entrepreneurial International Institute, at his Lithonia, Georgia, facility.

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NBA’s Miami Heat are in The Bahamas this week for a training camp.
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Two-time defending NBA champions Miami Heat are going “back to the basics” during the training camp this week being held in The Bahamas.

The camp runs from October 1-4 at Atlantis Paradise Island. It is only the second time in star player Dwyane Wade’s recollection that the Heat has left Miami for training camp.

It’s a trip that the team and tourism officials had planned for some time, says coach Erik Spoelstra.

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For the first time in 13 years, the LPGA tournament schedule will begin in January next season. The LPGA today announced that the second-annual Pure Silk-Bahamas LPGA Classic will serve as the Tour’s season-opening event when it returns to the Ocean Club Golf Course at Atlantis, Paradise Island, Bahamas, January 20-26, 2014.

“It will be great to start our season in Paradise,” said LPGA Commissioner Michael Whan. “Playing in The Bahamas in an East Coast time zone will be a great way for our fans to watch our season-opening event live on Golf Channel.”

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