Doing Business in the Bahamas

Subject (Course): International Trade and 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

Objectives of the subject "Doing Business in the Bahamas":

1. To analyze 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 - 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 km²
6. Parliamentary democracy
7. Literacy rate: 95%
8. Near countries: US (Florida), Haiti.
9. More than 700 Islands.
10. Independence: 1973 (UK)
11. The main religion in the Bahamas: Christianity (35.4% of Baptists)

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

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 Harbor: allow world’s largest passenger vessels
7. Business Opportunities in agricultural and marine resources sectors, offshore medical centers, 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. Organization of American States (OAS)
2. Economic Commission for Latin America (ECLAC)
3. Inter-American Development Bank (IDB)
4. Latin American and Caribbean Economic System (SELA)
5. The Caribbean Development Bank
6. World Customs Organization
7. World Bank (WB)
8. International Monetary Fund (IMF)
9. World Trade Organization (WTO)
10. Commonwealth
11. United Nations

Agreement European Union CARICOM