Best Prospects For Non-Agricultural Goods and Services: Tourism Industry Tourism is the overwhelmingly dominant industry, with more than 80 percent of tourists to The Bahamas coming from the United States. The market for supplies familiar to American tourists is, therefore, predictably large. In certain instances, the Hotels Encouragement Act allows duty-free importation of hotel supplies […]
Read MoreThe Bahamas is a constitutional multi-party parliamentary democracy and a member of the Commonwealth of Nations. Queen Elizabeth II is the nominal head of state and is represented in The Bahamas by an appointed Governor General. The government is headed by an elected Prime Minister and Parliament. Since 1992, the government has been controlled by […]
Read MoreThe Bahamas has become a particularly favorable target for international investment. It has established generous legal incentives to attract foreign investors and has streamlined government bureaucracy for expeditious project approval. The Bahamas possesses an outstanding infrastructure for commercial and industrial activity, and offers a highly-skilled workforce. The professional community of accountants, international bankers, trustees, and […]
Read MoreSince the Bahamas is a small multi-island nation, the government recognizes the dual need for foreign capital investment and the development of its own people; therefore, the following sectors of the economy have been promoted for foreign investors and reserved for Bahamians: Areas targeted for overseas investors Tourist resorts Upscale condominium, timeshare and second-home development […]
Read MoreThe United States remained The Bahamas’ major trading partner. American firms exported $725.0 million in goods and services to The Bahamas in 1996, up from $660.5 million the previous year. Primary American exports to The Bahamas were manufactured goods, machinery, food, petroleum products, automobiles, and chemicals. On the other side of the ledger, Bahamian commodity […]
Read MoreThe Bahamas is a politically stable, middle-income, developing country. Following general elections in 1992, The Bahamas experienced a peaceful transfer of power from the center-left Progressive Liberal Party (PLP), which had governed the country for 25 years, to the centrist Free National Movement (FNM). The Bahamian government maintains the value of the Bahamian dollar on […]
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