Bahamas to give tax residency certificates to permanent residents

The Bahamas has introduced tax residency certificates for people who have been granted permanent residency, typically under an investor migration programme. The certificates will be issued only to those who spend a minimum of 90 days in the Bahamas in one year, and no more than 183 days in one other country. They will carry unique taxpayer identification numbers (TIN), which will demonstrate to the holder's country of birth or citizenship that the Bahamas is his principal domicile, and thus his financial accounts are subject to international information exchange agreements under CRS. ...