The Bahamas Investment Authority / Incentives to Invest in The Bahamas

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The financial sector, with over 40 years of steady growth and experience in the offshore banking and trust industry, is the second leading contributor to the economy of The Bahamas, employing more than 10% of the country's labour force and comprisiong 12% of GDP ($340 million).

Bahamas Investment Authority

Establishing a Financial Institution

Banks & Trust Companies

Insurance Industry

Mutual Fund Managers

Trust Formation

Incorporation Procedures

International Business Companies (IBCs)

Shipping Registry

Export & Import Trade

Agriculture

Freeport Free Trade Zone

Manufacturing in The Bahamas

Tourism Development

Real Estate & Second Homes

Labour Standards in The Bahamas

Infrastructure

Telecommunications

Legal Firms

Bahamas Investment Authority

An Investor-Friendly Agency

The proactive economic growth and development policies of the government of the Bahamas are guided by The Bahamas Investment Authority (BIA), established to "cut red tape and lay out the red carpet" for investors. Operating from the Office of the Prime Minister, the BIA has been designated as a "one-stop shop" designed to simplify investing in The Bahamas. The agency has a four-fold mandate to:

Develop investment policies;
Promote investment;
Evaluate project proposals;
Monitor projects and provide support.

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Project Proposals

Proposals to establish a business should be submitted to the BIA, which coordinates investment matters with other arms of government, and grants approvals. All proposals should include the following information:

Name
Address (include telephone/fax)
Description of Proposal (an executive summary of project)
Type of Business (state whether entity is a share company, partnership, individual, or joint venture)
Principals (persons investing in the venture/major beneficial shareholders)
Proposed Location
Land or Factory Space Requirements
Proposed Start-Up Date
Management/Personnel Requirement (years of experience, training, success of similar, previous, or current activity; work permits required for key personnel)
Employment Projection (number of bahamian and non-Bahamian employees)
Environmental Impact (toxic waste, disposal procedures, toxic input)
Concessions Sought (Customs duty exemptions)
Local Representative (attorney, account, or agent)
NB: All information supplied shall be held in the strictest confidence.

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For further information, contact:

Bahamas Investment Authority
(Financial Services Secretariat)
Office of the Prime Minister
P.O. Box CB 10980
Nassau, N.P., The Bahamas
Tel: (242) 327-5970-4
Fax: (242) 327-5907

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