Commonwealth of Bahamas
Capital: Nassau HDI: 0.790 (55th)
GDP (PPP): $11.055 billion
Currency: Bahamian Dollar
The Commonwealth of the Bahamas, is an archipelagic state of the Lucayan Archipelago consisting of more than 700 islands, cays, and islets in the Atlantic Ocean; north of Cuba, Haiti and the Dominican Republic; northwest of the Turks and Caicos Islands; southeast of the US state of Florida and east of the Florida Keys. Its capital is Nassau on the island of New Providence. The designation of “The 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 (180,000 sq mi) of ocean space.
The Bahamas became an independent Commonwealth realm in 1973, retaining Queen Elizabeth II as its monarch. In terms of gross domestic product per capita, the Bahamas is one of the richest countries in the Americas (following the United States and Canada). Its economy is based on tourism and finance.
Bahamas, The Economy 2016
The Bahamas is one of the wealthiest Caribbean countries with an economy heavily dependent on tourism and offshore banking.
The Bahamas Economy
Tourism together with tourism-driven construction and manufacturing accounts for approximately 60% of GDP and directly or indirectly employs half of the archipelago’s labor force.
Industry Trends & Business Climate
Bahamas, The – US Department of State
The Bahamas maintains a relatively stable environment for investment and demonstrates a long tradition of parliamentary democracy, respect for the rule of law, and security of life and personal property. It aggressively promotes its liberal tax environment and freedom from capital gains, inheritance, withholding, profit remittances, royalties, sales, corporate or personal income, dividends, payroll, and interest taxes.
Establishing a Presence
Structures for Doing Business in the Bahamas
A number of investment and corporate vehicles are available when selecting a structure for doing business in The Bahamas, although certain businesses require a particular vehicle
The Bahamas Forms of Company
The majority of companies formed in the Bahamas for offshore purposes are incorporated under the International Business Companies Act 1989
Starting a Business in Bahamas
This site provides a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Bahamas,
Bahamas Corporate Tax Rate | 2006-2016
The Corporate Tax Rate in Bahamas stands at 0 percent.
Bahamas Personal Income Tax Rate | 2003-2016
The Personal Income Tax Rate in Bahamas stands at 0 percent.
What the New Value Added Tax Means
The Bahamas has officially implemented a new Value Added Tax regime, one which will effectively mean a slight reduction in taxes for visitors.
Value Added Tax – Ministry of Finance
VAT is a tax charged on most goods and services that registered businesses provide in The Bahamas. It is also charged on goods and some services that are imported from outside The Bahamas. It is a tax on consumption ultimately paid by the final customer but collected and remitted to the Comptroller of VAT by businesses.
Entry Requirements | The Official Site of The Bahamas
Entry requirements differ depending on what country you are a resident and citizen of. Check this site to find out the necessary documentation you will need to ensure a smooth entry into the Bahamas.
Bahamas Visa: Application, Requirements
Comprehensive Information on Bahamas Visa Requirements
Bahamas: Public Transportation
Before you visit Bahamas, visit TripAdvisor for the latest info and advice, written for travelers by travelers
Transportation | The Official Site of The Bahamas
Rental cars, motor scooters, buses and taxis are the most common means of public transportation. Bicycles are not generally available for rental, but can be found at many resorts.
Bahamas Telecommunications Company
Offering a variety of Internet services for home, business or educational users.
BTC (Bahamas) – Wikipedia
BTC is the primary telecommunications provider for the Bahamas, headquartered in Nassau, New Providence. It is partly government owned and offers telephone, internet and wireless services.
Labor Market Regulation in Bahamas
This site provides a detailed summary of some of the labor regulations that would apply to local entrepreneurs wishing to hire workers, organize working schedules, improve job quality for workers, or make workers redundant for economic reasons in Bahamas,
Bahamas : Employment Act
A comprehensive guide to labor laws in the Bahamas
Unemployment Benefit Permanent.pmd
A description of unemployment benefits in the Bahamas
Cost of Living in Bahamas
Cost of living in Bahamas is 45.47% higher than in United States (aggregate data for all cities, rent is not taken into account).
Nassau, Bahamas – Cost of Living
This site provides an index of the costs of everyday items in Nassau
Bahamas – Culture, Customs & Etiquette
Guide to travel, doing business, and studying in the Bahamas- culture, greetings, gestures,etiquette, taboos, negotiations, gift-giving, and more.
The Bahamas – Language, Culture, Customs and Etiquette
Bahamas are known for being friendly, outgoing and informal. However they also maintain a sense of decorum and are very polite.
Bahamas Climate – Bahamas History
During the summer, which is from May to September, Bahamas climate is warm and humid with temperatures ranging from 21C to 34C. Rain falls between the months of May to October and the hurricane season extends from June to November.
Bahamas Weather and When to Go
Current and forecast weather conditions for Bahamas including seasonal information for travelers
Bahamas travel advice – GOVUK
Latest travel advice for Bahamas including safety and security, entry requirements, travel warnings and health
Safety & Security in The Bahamas
Violent crime does not usually affect visitors to the Bahamas, but some tourists have been robbed, sometimes by armed people, in some of the more isolated areas of the islands.
Bahamas Education System
Education in the Bahamas is compulsory between ages 5 and 16 and still based on the British system in many ways. School attendance rates are high and ¾ of primary and secondary schools are state-owned.
International Schools in Bahamas
This list contains the most popular international and bilingual schools in Bahamas: nursery schools, primary and secondary
Public Holidays in Bahamas in 2016
Comprehensive list of National Public Holidays that are celebrated in Bahamas during 2016 with dates and information on the origin and meaning of holidays.
Bahamas Public Holidays 2016
Bahamas holidays 2016, bank holidays, national holidays, official holiday calendar, religious festivals and celebrations for the year 2016
Bahamas, The Demographics Profile 2014
estimates for this country explicitly take into account the effects of excess mortality due to AIDS; this can result in lower life expectancy, higher infant mortality, higher death rates, lower population growth rates, and changes in the distribution of population by age and sex than would otherwise be expected
Demographics of the Bahamas – Wikipedia
This site describes the demographic features of the population of the Bahamas, includingpopulation density, ethnicity, education level, health of the populace
Bahamas Customs Regulations
Bahamas Customs regulations and procedures for importing and exporting goods at border.
Bahamas | Export.gov
Information for exporting goods to the Bahamas from the US from BusinessUSA
SICE: Countries: The Bahamas: Trade Policy Documents
A summary of trade agreements executed by the Bahamas
Housing and Rentals
Bahamas Corporate Housing and Extended Stay Hotels
Find short-term furnished apartments and extended stay hotels with Biz-stay.com’s comprehensive directory.
Bahamas Vacation Houses
Book vacation condos, luxury hotels, villas and homes in Bahamas.
The Bahamas – Lonely Planet
Top destinations and experiences in the Bahamas
Travel Tips | The Official Site of The Bahamas
This site lists valuable travel tips for the Bahamas visitor