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The Bahamas has absolutely no personal income tax, no corporate income tax, no capital gains tax, and no inheritance tax.

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Q: Do they pay income taxes in the Bahamas?
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Which countries don't pay income taxes?

Monaco doesn't pay income taxes


Does a US citizen who inherits money and property in Bahamas from a grandparent in the Bahamas have to pay taxes in either or both countries?

Yes that is a very good question the answer is no they do not have to pay taxes in The Bahamas because the Bahamas is a tax free country but, they don't have to pay taxes in the united states because there property is over here in a tax free country and only if you keep your money in the bank of the Bahamas you can avoid paying taxes but if you transfer your money and your property to the US you will have to pay taxes


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