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Bahamas

Capital Nassau
Area Sq Km 13 939
Area Sq Miles 5 382
Population 296 000
Languages English, Creole
Religions Protestant, Roman, Catholic
Currency Dollar
National Day

Bahamas

Economy Overview
Oneof the wealthiest countries in the Caribbean, The Bahamas depend heavily ontheir main industry of tourism. Other industries produce rum, oil,pharmaceuticals and salt. Transhipment through Freeport, which enjoyssignificant tax concessions, is another valuable source of revenue. The Bahamasalso has a sizeable and growing offshore banking sector, although it has comeunder pressure as a result of competition from elsewhere and internationalefforts to tighten up on 'tax havens'. In June 2000, the Bahamas wereidentified by the Organisation for Economic Cooperation and Development (OECD)as one of 35 countries whose financial laws were inadequate to preventlarge-scale tax evasion and money-laundering. It has until 2005 to reform itsregime or face sanctions. Most foodstuffs and virtually all other products mustbe imported, mainly from the USA, although oil is purchased primarily fromIndonesia and Saudi Arabia. Other than the USA, the UK and Puerto Rico are TheBahamas' major trading partners.
Government
Thebicameral Parliament, composed of a 16-member Senate and a 40-strong House ofAssembly directly elected for a five-year term, has legislative powers. TheBritish monarch has formal executive powers, vested in a Governor General,though in practice the Governor General almost invariably acts upon the adviceof a Cabinet of Ministers appointed from the House of Assembly.

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Calendar of Events Bahamas

Check it out what going around in the Island by Events & Festivals Calendar, it gives you an update on upcoming events...


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Christie Voices Reservations over CSME Membership

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IMF To Publish Bahamas Report In July

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Central Bank Governor Francis Upbeat on Bahamas Economy

14/03/2003 Bahamas Central Bank Governor, Julian Francis, expressed optimism over the jurisdiction's economy despite a global economic slowdown and the twin threats of war and terrorism.


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BFSB Unveils Agenda For 2003

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Caribbean Ship Registries In The Spotlight

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Incorporating IBC in Bahamas

The time taken to incorporate an IBC is two days, but a further five working days are required by the Registrar for the production and release of the Certificate of Incorporation..


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Embassies & Consulates of Bahamas

Embassies and Consulates always lend a helping hand for the tourists. Here we have some information on Embassies and Consulate Offices of Bahamas.


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Bahamas To Launch Trade Liberalisation Tax Review

19/12/2002 - Speaking at a press conference on Monday, Bahamian Prime Minister, Perry Christie (pictured, earlier this year) announced the creation of two new commissions tasked with reviewing the cou


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