The Bahamas is one of the few countries sought for international investment. The reason for Bahamas being a hot destination for international investment is due to various factors. Over the years Bahamas government has initiated many investor friendly packages to invest in Bahamas with promises of high returns. The country has best infrastructure to support commercial industries. With strict law which enforces child education, the Bahamas possesses a highly skilled workforce. The highly skilled workforce is supporting various industries such as accounting, Legal, International banking, Tourism, Insurance, Shipping and Export & Import.
The Top Ten Reasons to invest in Bahamas
The first reason, which makes Bahamas a attractive place for investment is “freedom from taxation”. Every corporate or business entity will love to have no taxes on capital gains, sales, personal income, corporate earnings etc.
The second reason is the amount of money a business saves in Bahamas brings stability for company, the reserve money can be utilized for future expansions or strengthening current business. Many companies open there corporate offices in Bahamas to save heavy taxes levied by their respective governments.
The third reason is strong Bahamas currency, the Bahamas Dollar is almost one and one to American dollar. The Bahamas dollar has maintained strength and this is one more reason why companies love doing business in Bahamas.
The fourth reason is relaxation in custom duty, the business can export or import certain raw material or equipment on, which government charges no duty or fees. The hotel industries are exempted from custom duties on items which are used in building the hotel in Bahamas. The relaxations are also for business dealing in export & import, manufactures or service sector.
The fifth reason is its business friendly policies, the Bahamas has created free repatriation policy. There are no restrictions on repatriation of profits, all transactions are monitored by central bank. There are many foreign big financing companies, which provide to finance to emerging and established business.
The sixth reason is immigration policy of Bahamas, the immigration office grants work permits readily, wherever it is necessary for businesses. The government issues long term residency or permanent residency to those having invested high capitol in Bahamas or people owning property value more then $5,00000.
The seventh reason is positive approach adapted by “The Bahamas Investment Authority (BIA)“, the BIA is very friendly to business and all business queries are handled due diligently. The goal of this offices is to promote investment in Bahamas. These efforts are always geared towards strengthening financing the business investment in Bahamas for foreign investors and the serve as official to monitor all investment happening in Bahamas.
The eighth reason is strong and stable democratic political structure in Bahamas. Because of political stability in Bahamas and no interference with business investment it has earned the kudos from world business leaders. Any instable political government is nightmare for business.
The ninth reason is its role in private banking. The Bahamas has become leader in private banking, businesses looking for investment will find more then one lender ready to give them loan for investment. What else a investor needs, stable government, business friendly policies, no taxes, relaxation in custom duty, good infrastructure and skilled workforce. All these things make Bahamas a prime destination for investment.
The last reason is its proximity with US, because of both countries in same time zones, it helps business in coordinating and managing business.
The Address of “Bahamas Investment Authority”
- Office name: Bahamas Investment Authority
- Section: Financial Services Secretariat
- Attach to: Office of the Prime Minister
- Address: P.O. Box CB 10980
- Nassau, N.P., The Bahamas
- Phone number: (242) 327-5970-4
- Fax Number: (242) 327-5907
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