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The Commonwealth of the Bahamas National Investment Policy

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The Commonwealth of the Bahamas National Investment Policy The Commonwealth Of The Bahamas National Investment Policy Table of Contents MONACO UNITED STATES OF AMERICA Honorary Consul of The Bahamas An invitation by the Prime Minister . 3 L’estoril 1/A4 CHICAGO 31 Avenue Princess Grace Bahamas Tourist Office Introduction to The Bahamas . 4 MC 98000, Monaco Principality 8770 W. Bryn Mawr, Suite 1300 Tel.: 377-9330-5150 – Fax: 377-9330-5177 Chicago, IL 60631 Economic Policy . 5 Tel.: (773) 867-8377 - Fax: (773) 867-2910 SWITZERLAND The Investment Environment . 5 Honorary Consul of The Bahamas FLORIDA Schutzengasse 1, Postfach 6075 Bahamas Tourism Office International Financial Centre . 5 CH-8029, Zurich, Switzerland 1200 South Pine Island Road, Suite 770 Investment Incentives . 5 Tel.: 41-226-40-42 – Fax: 41-1-226-40-43 Plantation, FL 33324 Tel.: (954) 236-9292 - Fax: (954) 474-1773 BAHAMAS TOURIST OFFICES Preferential Trade Incentives . 6 CANADA LOS ANGELES Administration of Investment Policy . 6 Bahamas Tourism Office Bahamas Tourism Office 11400 West Olympic Blvd. #200 Establishing a Business in The Bahamas . 6 6725 Airport Road, Suite 202 Los Angeles, CA 90064 Mississauga, Ontario L4V 1V2, Canada Tel.: (310) 312-9544/ (800) 439-6993 Project Proposal Guideline . 6 Tel.: (905) 672-9017 - Fax: (905) 672-2092 Fax: (310) 312-9545 ENGLAND NEW YORK General . 7 Bahamas Tourism Office Bahamas Tourist Office 1. Work Permits Bahamas House 60 East 42nd Street, Suite 1850 New York, NY 10165 10 Chesterfield Street 2. International Owners of Second Homes London, W1J 5JL Tel.: (212) 758-2777 / (800) 823-3136 Fax: (212) 753-6531 Tel.: +44-20-7355-0800 3. Annual or Permanent Residence Fax: +44-20-7491-9459 PHILADELPHIA Bahamas Tourist Office 4. Areas Especially Targeted for Overseas Investors FRANCE 1500 Market Street 5. Areas Reserved for Bahamians Bahamas Tourism Office 12th Floor, East Tower 113-115 rue du Cherche Mifi Philadelphia, P.A., 19102 6. Local Partners in Joint Ventures 75006 Paris, France Tel.: (215) 246-3402 - (610) 722-5792 Tel.: +331-45-26-62-62 7. Access to Credit Facilities of The Bahamas Development Bank Fax: +331-48-74-06-05 Important Addresses . 8 GERMANY Bahamas Tourism Office Bahamas Overseas Missions . ........9 Friesstrasse 3 60388 Frankfurt/Main, Germany Tel.: +49-69-420-890-19 - Fax: +49-69-420-890-27 ITALY Bahamas Tourism Office Corso Magenta 54 20123 Milan, Italy Tel.: +39-02-48194390 - Fax: +39-02-4693248 11 1 NEW YORK FRANCE Consul General Honorary Consul Bahamas Consulate General 5, Rue de Beaune Bahamas House Paris, France 75007 231 East 46th Street Tel.: 42-86-04-00 New York, NY 10017, U.S.A. Fax: 47.03.39.27 Tel.: (212) 421-6420 Fax: (212) 688-5926 GERMANY Honorary Consul of The Bahamas PERMANENT RepresentatiVE OF THE BAHAMAS Flottenstrasse 14-20 to THE UNITED Nations 13407 Berlin, Germany Bahamas House 231 East 46th Street GREECE New York, NY 10017, U.S.A. Honorary Consul of The Bahamas Tel.: (212) 421-6925 253 Sygrou Avenue Fax: (212) 759-2135 17122 Athens, Greece Tel.: 30-210-941-1603 WASHINGTON Embassy of The Bahamas INDIA 2220 Massachusetts Avenue, N.W. Honorary Consul of The Bahamas Washington, D.C. 20008, U.S.A. 3rd Floor F-11 East of Kailash Tel.: (202) 319-2660/7 New Dehli, 110065 Fax: (202) 319-2668 Tel.: 911-11-2646-4490 Fax: 911-11-2646-4492 Honorary CONSULS ISRAEL BELGIUM Honorary Consul of The Bahamas Honorary Consul of The Bahamas 2, Paamoni St. 76/78 Quai aux Briques Tel-Aviv 62918 Belgium, Brussels Israel Tel.: 322-512-9348 Tel.: 972-5-0277014 Fax: 322-512-9292 Fax: 972-3-5465604 CHILE ITALY Honorary Consul of The Bahamas Honorary Consul of The Bahamas Los Trapenses 4188, La Dehesa Via Giola, n.200 Santiago de Chile, Chile 00186 Rome, Italy Tel.: (562) 241-7117 Tel.: 39-06-6878086 Fax: (562) 241-7118 Fax: 39-06-6878276 DOMINICAN REPUBLIC JAPAN Honorary Consul of The Bahamas Honorary Consul of The Bahamas Cesar Nicolas Person 116 Edificio TPA c/o G.T.R. Campbell (Japan) Co. Ltd. Santo Domingo, Dominican Republic Room No. 303, Tokyo Sakurada Bldg. Tel.: (809) 688-3787 1-1-2 Nishishinbashi Fax: (809) 682-0237 Minato-Ku, Tokyo 105-0003 Japan Tel.: 81-3-5501-3766 - Fax: 81-3-3503-4155 10 BAHAMAS REAL ESTATE ASSOCIATION CANADA Shirley Street & Collins Avenue Bahamas High Commissioner P.O. Box N-8860 Bahamas High Commission Nassau, The Bahamas Metropolitan Life Centre Tel.: (242) 325-4942 50 O’Connor Street, Suite 1313 Fax: (242) 322-4649 Ottawa, Ontario K1P 6L2, Canada Message From Tel.: (613) 232-1724 GOVERNMENT PUBLICATIONS OFFICE Fax: (613) 232-0097 Rt. Hon. Hubert A. Ingraham Lighthouse Building, Bay Street E-Mail: [email protected] Prime Minister & Minister of Finance P.O. Box N-7147 The Commonwealth of The Bahamas Nassau, The Bahamas CHINA Tel.: 322-2410 4th Floor, Tayuan Diplomatic Office Building Fax: (242) 328-8294 14 Liangmahe Nan Lu, Chaoyang District Beijing, 100600, People’s Republic of China The Bahamas has consistently over many years offered a climate where commerce and enter- GRAND BAHAMA PORT AUTHORITY Tel.: 011-86-10-6532-2922 East Mall Drive & Pioneer’s Way Fax: 011-86-10-6532-2304 prise flourish. Our National Investment Policy is comprehensive, with clear and transparent applica- P.O. Box F-42666 tion and approval processes. Our political stability, independent judiciary, stable economy, developed Freeport, Grand Bahama, The Bahamas HAITI Tel.: (242) 352-6711 Charge d’Affaires a.i. infrastructure and skilled labour force ensure a good standard of living and an ideal environment for Fax: (242) 352-8310 Embassy of The Bahamas investing. 12 Rue Goulard BAHAMAS FINANCIAL SERVICES BOARD Place Boyer, Petion-Ville, Haiti P.O. Box N-1764 – Nassau, The Bahamas Tel.: (509) 578-782 This updated National Investment Policy seeks to promote and facilitate investment in our Tel.: (242) 326-7001 Fax: (001) 509-578-782 Fax: (242) 326-7007 country. We seek investment that will grow our economy, create secure and rewarding employment Web-site: www.bfsb/bahamas.com HONG KONG for Bahamians and produce good returns for investors. Through the aegis of The Bahamas Invest- E-mail: [email protected] Consulate General of The Bahamas Room 1906, 19/F Hutchinson House ment Authority and The Bahamas Agricultural & Industrial Corporation (BAIC), we seek to ensure ASSOCIATION OF INTERNATIONAL BANKS & TRUST 10 Harcourt Road COMPANIES that both domestic and foreign direct investors are provided with responsive, efficient and reliable Central, Hong Kong investment support services. Royal Palm Mall, Mackey Street Tel.: (852) 2619-6421 P.O. Box N-7880 Fax: (852) 2614-5228 Nassau, The Bahamas Investment opportunities can be found across a wide range of sectors including tourism Tel.: (242) 394-6755 LONDON Fax: (242) 394-3503 Bahamas High Commissioner and second home development, international financial services, light manufacturing and industries, Bahamas High Commission agriculture and mariculture. BAHAMAS MARITIME AUTHORITY No. 10 Chesterfield Street 3rd Fl. Manx Corporate Centre London W1J 5JL, England P. O. Box N-4679 Tel.: + 44-207-408-4488 I invite you to review our offerings and to pursue your business and investment interests with us. Nassau, The Bahamas Fax: + 44-207-499-9937 Tel.: (242) 356-2037 E-mail: [email protected] Fax (242) 356-5889 MIAMI BAHAMAS OVERSEAS MISSIONS Consul General Bahamas Consulate General ATLANTA 25 S.E. 2nd Avenue Consul General Ingraham Building, Suite 818 Bahamas Consulate General Miami, FL 33131, U.S.A. 2970 Clairmont Road, Suite 690 Tel.: (305) 373-6295 Atlanta, GA 30329, U.S.A. Fax: (305) 373-6312 Tel.: (404) 214-0492 Telex: 203-807-849 9 3 Important ADDRESSES BAHAMAS INVESTMENT AUTHORITY • Security services; Office of the Prime Minister Cecil V. Wallace-Whitfield Centre • Domestic distribution of building supplies; Cable Beach P.O. Box CB-10980 • Construction companies, except for special Nassau, The Bahamas structures for which international expertise is Tel.: (242) 327-5826/9 required; Fax: (242) 327-5806/327-5639 Web Site: www.bahamas.gov.bs/bia • Personal cosmetic/beauty establishment; CENTRAL BANK OF THE BAHAMAS • Commercial fishing; Frederick Street P.O. Box N-4868 • Auto and appliance service operations; and Nassau, The Bahamas Tel.: (242) 302-2600 / (242) 322-2193/6 Fax: (242) 356-4307 • Public transportation. E-mail: [email protected] International Investors may engage in the wholesale BAHAMAS CHAMBER OF COMMERCE distribution of any product they produce locally. Shirley Street P.O. Box-665 Nassau, The Bahamas 6. Local Partners in Joint Ventures Tel.: (242) 322-2145/ (242) 322-3320 Fax: (242) 322-2649 International investors are encouraged to establish joint ventures with Bahamian partners. The choice of such Baha- INSURANCE COMMISSION OF THE BAHAMAS Charlotte House, 3rd floor mian partners is in the absolute discretion of the investor. Frederick Street P.O. Box N-7770 7. Access to Credit Facilities of The Nassau, The Bahamas Bahamas Development Bank Tel.: (242) 328-1068 Fax: (242) 328-1070 The Bahamas Development Bank was created to assist Bahamians in establishing new businesses or expanding OFFICE OF THE REGISTRAR GENERAL existing concerns through the provision of concession- Apseley House, Frederick Street ary funding and technical assistance for projects which (opposite Central Bank) generate jobs and which contribute to the economic growth P.O. Box N-532 and development of The Bahamas. Nassau, The Bahamas Tel.: (242) 323-0594/6 Fax: (242) 322-5553 Joint ventures between international investors and Bahamians are eligible to access funding from BDB. SECURITIES COMMISSION OF THE BAHAMAS However, the equity of the overseas investor may not be Charlotte House, Charlotte Street borrowed from the BDB or from the domestic capital P.O. Box N-8347 market.
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