Depends on what is your lifestyle. If you are making six figure gain per year, and you are in the period of your life where you are looking for a silence from the world's noise and you love the ocean, genuine and simple people, the Bahamas is certainly worth. The electrical bills are very high. The cost if fine food in the store is high. The duty taxes are high. But all this is covered in abundance if you have real profit.
Remember that if you are a USA citizen you still owe USA IRS taxes, no matter where in the world you reside. The only way around it to become a citizen of another county, and renounce your USA citizenship. Also, it's not that easy to become a citizen of some countries like the Bahamas. There is usually a requirement that you a resident there for several years before you can apply. For USA citizens, the easiest solution is Puerto Rico Act 22.
This still be enigmatic to us - while at the known regulations all what you stated is truth, we still have some Americans release caged here and one attractions to them was tax free regime. It should exist something at corporate- company-trust level. I am not USA' citizen. With all live and respect for the Bahamas, I would not imagine to rennunce USA passport in exchange of Bahamian, the movent is in another direction now, most of Bahamians are happy to become USA' citizens. Think just about visas for instance.
If you are a US citizen you can marry a non- US citizen and do your trading through your spouse's account. The spouse can then place their residency in a third location. There are countries that do not tax foreign earned income of their citizens as well. Just saying, there are ways around almost everything.
And that way will land you in prison for tax evasion! Not even remotely legal, without even starting to get into the emotional maturity level that would make one think it's a good idea to use residency for trading purposes a criteria when finding a spouse!
When you send me the IRS code that has jurisdiction over my foreign citizen wife I'll send it to my tax attorney and CPA? Not every married couple files jointly. There are women from foreign countries who want to marry a US citizens for many reasons. I would imagine there are US citizen men who want to marry women of another nationality for many reasons. I would not consider them all emotionally retarded. Are all US companies and individuals that create foreign entities for tax purposes morally retarded as well?
If you trade then you earned the income from the trading and owe tax on it, not your wife. Why even bother to do the whole marriage to a foreign spouse nonsense, why not just claim your Russian friend Boris did the trading so you're not responsible for the taxes, certainly the IRS has no authority over him? You can certainly lie to the IRS, you don't need to go to the effort of a foreign spouse to do that, and you may even get away with it. That doesn't make it legal and it sure as hell won't help you when the IRS figures out what you're doing. But don't pay any attention to me, go give it a try and let us all know how that works out for you. If you don't grasp the difference between setting up a foreign corporation and getting married, you clearly haven't been part of a happy marriage, and yes, you've got the emotional maturity of a high schooler regardless of your actual age! Heck, my high schoolers have more emotional maturity than that.