Local Time in Santo Domingo: Print

Overview of the Bahamas

 Capital City:  

Nassau

 Official Language: 

English

 Currency:

Bahamian Dollar

 Population:

400,000

The Country

The Bahamas is a 100,000 square mile archipelago of 700 islands and at its closest point The Bahamas is only 55 miles from the east coast of Florida. It achieved limited self-governance in 1964 and full independence from Great Britain in 1973. Most of the population is descended from African slaves many of whom were brought to The Bahamas by British loyalists who left the United States after the Revolutionary War. Most of the population resides on the island of New Providence, where Nassau is located, and in the City of Freeport on the island of Grand Bahama. Smaller communities are scattered over the other islands of The Bahamas, known as the “Family Islands”.

Market Overview

  • Stable Democratic Government: The Bahamas maintains a stable environment for investment and offers potential investors a peaceful and stable democratic environment with a strong commitment to the rule of law.  
  • Tax Relief: The country offers relief from taxes on personal income, inheritance, capital gains, corporate income and other taxes related to dividends and interest.  
  • Tourism, Financial Services Are Economic Drivers. The tourism industry, which makes up between 75% and 80% of the economy is expected to grow marginally in 2016-2017, due primarily to the stronger U.S. economy and new FDI in the sector.  Financial services constitute the second most important sector of the economy, accounting for up to 15-20% of GDP. The sector includes 250 bank and trust companies with a combined balance sheet of more than $300M and $1 trillion in assets under management. 

More about Market Overview

Market Opportunities

Good market opportunities are available in the following sectors:

Best Prospects - Leading Sectors for U.S. Export and Investment

For more information feel free to contact The Commercial Section


  Notice to Visitors!


  The link you have chosen will take you to a non-U.S. Government website.

  If the page does not appear in 5 seconds, please click this: outside web site

  Export.gov is managed by the International Trade Administration and external links are covered by its website  disclaimer statement.


  Notice to Visitors!


  The link you have chosen will take you to a non-U.S. Government website.

  If the page does not appear in 5 seconds, please click this: outside web site

  BuyUSA.gov is managed by the International Trade Administration and external links are covered by its website disclaimer statement.