The Bahamas i bÉËhÉËmÉz , officially the Commonwealth of the Bahamas, is an island country consisting of more than 700 islands, cays, and islets in the Atlantic Ocean; north of Cuba and Hispaniola ; northwest of the Turks and Caicos Islands; southeast of the U.S. state of Florida and east of the Florida Keys. Its capital is Nassau on the island of New Providence. The designation of "Bahamas" can refer to either the country or the larger island chain that it shares with the Turks and Caicos Islands. As stated in the mandate manifesto of the Royal Bahamas Defence Force, the Bahamas territory encompasses 470,000 km2 of ocean space.