Investment Opportunities in The Bahamas
The Bahamas Deputy Prime Minister and Minister of Tourism Investments and Aviation Chester Cooper addressed an Investment Forum in Washington DC, emphasizing that it is "Better in The Bahamas" when it comes to doing business.
Aerial view of the Bahamas by Fernando Jorge on UnSplash.
A Business-Friendly Environment
The minister highlighted the country’s business-friendly environment, stating that it is "better than ever before" for investors. He urged potential investors to take advantage of opportunities being rolled out by the Bahamas Government, emphasizing that the government is committed to providing the necessary support to help ensure investment is a success.
Tourism and Infrastructure
The Bahamas has a strong brand, and its beauty is incomparable. The country is easily accessible from major tourism markets, with two hours from Washington, DC and less than half an hour from Miami. The government is committed to strengthening the tourism product, and the minister highlighted record tourism arrival numbers: 10 million visitors in 2023, an increase of more than 30 percent ahead of 2019 pre-pandemic levels.
Investment Incentives
The Bahamas offers various investment incentives, including a strong growing economy, dollar parity with the United States, a stable democracy, and peaceful hospitable people. The country also has visa-free seamless travel from the US with Pre-Clearance and TSA checks.
Digital Economy and AI Applications
The Bahamas is advancing as a digital society, fully embracing smart technology and the digital economy. The minister highlighted the importance of AI applications in various sectors, including health care, finance, education, financial services, and tourism.
Public-Private Partnerships
The government is also exploring Public-Private Partnerships (PPPs) to drive investment and infrastructure development. The minister highlighted the keen interest of the US Exim Bank and Chairman Reta Jo Lewis in supporting and funding US companies seeking to do business in The Bahamas.
Conclusion
The Bahamas offers a unique combination of business-friendly environment, tourism infrastructure, and investment incentives, making it an attractive destination for investors. With its strong growing economy, dollar parity with the United States, and peaceful hospitable people, the country is poised for continued growth and development.
FAQs
Q: What are the investment incentives offered by the Bahamas Government?
A: The Bahamas offers various investment incentives, including a strong growing economy, dollar parity with the United States, a stable democracy, and peaceful hospitable people.
Q: What is the current state of tourism in the Bahamas?
A: The Bahamas has record tourism arrival numbers, with 10 million visitors in 2023, an increase of more than 30 percent ahead of 2019 pre-pandemic levels.
Q: What is the government’s approach to digital economy and AI applications?
A: The Bahamas is advancing as a digital society, fully embracing smart technology and the digital economy, with a focus on AI applications in various sectors, including health care, finance, education, financial services, and tourism.
Q: What is the government’s approach to Public-Private Partnerships?
A: The government is exploring Public-Private Partnerships (PPPs) to drive investment and infrastructure development, with a keen interest from the US Exim Bank and Chairman Reta Jo Lewis in supporting and funding US companies seeking to do business in The Bahamas.