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
| 
