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Bahamas

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Background

Since attaining independence from the UK in 1973, The Bahamas have prospered through tourism and international banking and investment management. Because of its geography, the country is a major transshipment point for illegal drugs, particularly shipments to the US, and its territory is used for smuggling illegal migrants into the US.

The Bahamas is a stable, developing nation with an economy heavily dependent on tourism and offshore banking. Tourism alone accounts for more than 60% of GDP and directly or indirectly employs almost half of the archipelago's labor force. Steady growth in tourism receipts and a boom in construction of new hotels, resorts, and residences have led to solid GDP growth in recent years. Manufacturing and agriculture together contribute approximately a tenth of GDP and show little growth, despite government incentives aimed at those sectors. Overall growth prospects in the short run rest heavily on the fortunes of the tourism sector, which depends on growth in the US, the source of the majority of tourist visitors.

Holidays

Jan 1 - New Year's Day
Mar 25* - Good Friday
Mar 28* - Easter Monday
May 16* - Whit Monday
Jun 3* - Labour Day
Jul 10 - Independence Day
Aug 1* - Emancipation Day or Kadooment Day
Oct 12 - National Heroes' Day (Discovery Day)
Dec 25 - Christmas Day
Dec 26 - Boxing Day

Ps: These festivals' dates (*) given above are approximations which are subject to change every new year. 

Phone Codes

Country Code: 1 242

Resources

Market Research

Business in Bahamas
This website provides a brief overview on doing business in Bahamas.

Manufacturing in the Bahamas
Information about, manufacturing, offshore manufacturing in Bahamas.

CIA - The World Factbook - Bahamas
This website indicates a wide range of detail information about Bahamas by introducing under 8 different fields as its geography,people, government, economy, communications, transportation, military, transnational issues.

Ministries of Bahamas
The Minister of Trade and Industry Manx Building West Bay Street P.O Box N-1849 Nassau, The Bahamas

OPIC Links - Investor's Information Gateway for Bahamas
There is available country database information links which are efficient for the new investors planned to do business in Bahamas including the contact lists of the institutions, organization related to Bahamas business.

Bahamas Newspapers & News Sites
It is the web portal of Bahama Journal Daily newspaper offering national and business news.

About Bahamas
There is available to find out Bahamas' general outlook on the issues of its social and business profile, passport/visa, money, accommodation, government, duty free, health and so forth.

Trade Information

Ministries of Bahamas
The Minister of Trade and Industry Manx Building West Bay Street P.O Box N-1849 Nassau, The Bahamas

 
 
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