Investors relations
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Investors Relations
As a responsible, progressive company, Bahamian Global is committed to operating at the very highest levels of transparency, compliance and ethical standards – taking a leadership stance when it comes to corporate governance. While Bahamian Global operates to maximize profits and the value of the investments made by it's investors, it is committed to doing so in a fair and just way on the principle that true success is not only measured in financial terms. Below we outline the many benefits and returns in investing in the Bahamas and Bahamian Global.
Why Invest in the Bahamas?
This is one of the very first questions that you need to answer when looking at investing anywhere in the world. At Future Properties & Investments we recognize that there are a number of questions that you may have about our country and why you should invest here versus other places. In addition, we draw your attention to the following:
Location, Location, Location
Based on our closeness to North America, only 55 miles away, coupled with 700 islands to choose from, with fantastic properties in numerous islands, gives us one of the best locations in the world especially for the second home buyer.
Climate
Simply put, The Bahamas has a great climate and is a tropical paradise.
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Currency
The Bahamian dollar (B$) is on par with the US dollar (US$) and used interchangeably throughout the Bahamas.
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Freedom from taxes
The Bahamas is an investment-friendly environment. This means The Bahamas Government actually encourages foreign investors to their shores. With this in mind, in 1994, The Bahamas introduced a National Investment Policy to give support to private investors and to provide a legal environment where you'd secure freedom from capital gains, inheritance, profit remittance, corporate, royalty, personal income, dividends, payroll and interest taxes. Stable government and economy: The Bahamas has had a stable and peaceful democracy. Since receiving our independence in 1973, our tourism, banking, insurance and other industries have experienced significant growth.
Investment Incentives
The Bahamas encourages investors by allowing exemption from the payment of custom duties on certain construction materials, equipment and approved raw materials. Additionally, there is a waiver of real property taxes on certain investments for periods up to 20 years.
The Bahamas Government also gives accelerated consideration to applications for annual or permanent residency by major international investors and owners of residences valued in excess of $500,000.
Investment Incentives Investment incentives under the following Acts include exemption from the payment of customs duties* on building materials, equipment and approved raw materials and real property taxes for periods up to 30 years:
· Export Manufacturing Industries Encouragement Act
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· Industries Encouragement Act
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· Agricultural Manufacturers Act
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· Tariff Act
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· Hotels Encouragement Act
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· Spirits and Beer Manufacturers Act
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· Family Island Development Encouragement Act
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· Free Trade Zone Act
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Customs duty exemptions do not apply to personal consumables
National Investment Policy
In 1994, the government introduced a National Investment Policy to support an investment-friendly climate and foster economic growth and development of The Bahamas. An abridged version of the policy is outlined below. This is by no means a complete outline of the policy nor of the many investment incentives in the Bahamas and Freeport (For additional information please contact our offices):The Investment Environment To support the National Investment Policy, the Government will provide:
1. A politically stable environment conducive to private investment.
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2. An atmosphere where investments are safe and the expropriation of
investment capital is not considered.
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3. A legal environment based on a long tradition of parliamentary
democracy, the rule of constitutional and statute laws and where
security of life and personal property are guaranteed.
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4. A stable macroeconomic environment bolstered by a prudent fiscal
policy, a stable exchange rate, flexible exchange control rules and free trade.
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5. An environment in which freedom from Capital Gains, Inheritance,
Withholding, Profit Remittance, Corporate, Royalties, Sales, Personal
Income, Dividends, Payroll and Interest taxes is ensured.
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6. Essential public services, a well equipped police constabulary, modern
health and education facilities and other social services.
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7. Dependable public utilities.8. Essential public infrastructure, such as
roads, ports and airports.
Preferential Trade Incentives: The following trade arrangements are also in effect: · Cotonou Agreement· CARIBCAN· Caribbean Basin Initiative Other incentives include investors acquiring public land for approved developments on concessionary terms. Administration of Policy The National Economic Council (NEC), headed by the Prime Minister, is responsible for executive management of the investment policy. Operational activities are the responsibility of the Bahamas Investment Authority (BIA).
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