Business in the Bahamas

EENI- School of International Business

Subject (Course): International Trade and Doing Business in the Bahamas - Nassau. Syllabus:

1. Introduction to the Bahamas (the Caribbean)
2. Bahamian Economy
3. Bahamian Foreign Trade
4. Foreign Direct Investment (FDI) in the Bahamas
5. Business Opportunities in the Bahamas
6. Set-up a business on the Bahamas
7. Freeport Grand Bahamas
8. Case Study: financial services in the Bahamas
9. Access to the Bahamian Market
10. Business Plan for the Bahamas

Purposes of the subject “Foreign Trade and Doing Business in the Bahamas”:

1. To analyse the Bahamian economy and foreign trade
2. To evaluate business opportunities in the Bahamas
3. To explore Bahamas' trade relations with the student's country
4. To know Bahamas' Free Trade Agreements (FTA)
5. To develop a business plan for the Bahamian Market

Sample of the subject - Foreign Trade and Doing Business in the Bahamas

Subject Description: Foreign Trade and business in the Bahamas.

The Commonwealth of The Bahamas.

1. Capital: City of Nassau (254.132)
2. The official language: English
3. Population: 306,000
4. 83% of the Bahamian population are Afro-Bahamian
5. Area: 13,878 square kilometres
6. Parliamentary democracy
7. Literacy rate: 95%
8. Near countries: US (Florida), Haiti.
9. More than 700 Islands.
10. Independence: 1973 (United Kingdom)
11. The main religion in the Bahamas: Christianity (35.4% of Baptists)

The Bahamas belongs to the Caribbean Economic Area of the Christian Civilisation.

Bahamian Economy.

1. Open economy
2. The Bahamas is a developing country
3. Top economic sectors: financial services and tourism.
4. Financial services: 15 percent of Bahamian GDP
5. Stable investment climate
6. Nassau Harbour: allow world’s largest passenger vessels
7. Business Opportunities in agricultural and marine resources sectors, offshore medical centres, second homes
8. Low-tax environment
9. Stable currency: Bahamian dollar (BSD)
10. Member of the British Commonwealth
11. Freeport Grand Bahamas (Free Trade Zone)
12. Growing of ship registries (1,500 vessels)

The Bahamas has Preferential Access and Free Trade Agreements (FTA) with:

1. Association of Caribbean States (the Bahamas)
2. CARICOM
3. Colombia-Bahamas (CARICOM) Agreement (FTA)
4. CARICOM-Dominican Republic Free Trade Agreement (FTA)
5. Agreement Costa Rica-Caribbean Community (the Bahamas)
6. Economic Partnership Agreement CARIFORUM-European Union (EU)
7. Caribbean Basin Initiative (CBI)
8. Lome IV Agreement
9. The Caribbean-Canada Trade Agreement (CARIBCAN)

FTA Colombia-the Bahamas (CARICOM):

The Bahamas is a member of:

1. Organisation of American States (OAS)
2. Economic Commission for Latin America (ECLAC)
3. Community of Latin American and Caribbean States (CELAC)
4. The European Union-CELAC Summit
5. Inter-American Development Bank (IDB)
6. Latin American and Caribbean Economic System (SELA)
7. The Caribbean Development Bank
8. World Customs Organisation
9. World Bank (WB)
10. International Monetary Fund (IMF)
11. World Trade Organisation (WTO)
12. Commonwealth
13. United Nations

❮ Samples - Business in the Bahamas ❯