Category: Business

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Political Environment – Bahamas Business Guide

The 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 […]

Investment Incentives – Bahamas Business Guide

The 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 […]

Investment Guidelines – Bahamas Business Guide

Since 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 […]

Investment Climate – Bahamas Business Guide

The 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 […]

Investment Overview – Bahamas Business Guide

The 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 […]

Traveling on Business – Bahamas Business Guide

Bahamas ‘Business customs: The national language of The Bahamas is English, sometimes spoken with a distinctive local accent and the use of colorful local expressions. Due to the proximity of The Bahamas to the US and the extensive familiarity of most Bahamians with Americans and American culture, business customs tend to be similar to those […]