The Bahamas Investment Authority (BIA) was established to "cut red tape and lay out the red carpet" for investors.
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.
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.
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
