Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1697648441017.pdf (Bahamas)
Government of the Commonwealth of The Bahamas Establishing a Business in The Bahamas – Foreign Companies All non-Bahamians or Permanent Residents seeking to do business in The Bahamas must submit a Project Proposal to the Bahamas Investment Authority (BIA).

There are no requirements for Bahamians to qualify for this service.

Non-Bahamians must meet a minimum capital investment of BS$500,000 and the proposed investment must not be in an area reserved for 100% Bahamian participation.
The Electronic Communications Sector has not been reserved for 100% Bahamian participation.

1.

Application Process 1.1.

Submit a project proposal in accordance with the BIA’s Project Proposal Guidelines, along with the following supporting documents to the Bahamas Investment Authority.
• Copies of Passports • Bank reference(s) • Character references • Police records • Fingerprints • Copy of application for Crown Land (if applicable) • Environmental Impact Assessment • Proof of financial capability 2 1.2.

The BIA will process the application and submit the same to the National Economic Council for a determination.

1.3.

The relevant Government Ministries or Agencies would be consulted for input.

1.4.

No fee is applied for this process.

1.5.


Turn-around time: A determination is normally communicated within 60 days following the submission of a completed Project Proposal.

1.6.

Once a determination has been made, the BIA will communicate to the applicant in writing.

1.7.

Once approval is obtained, the BIA also coordinates with other Government agencies and facilitates the implementation of projects.

1.8.
1.8.

The holder of a BIA approval must establish operations within the period specified in the approval, (anywhere from 12-18 months of the date on which the approval was granted).
The approval is also subject to normal due diligence by the following agencies: • The Department of Physical Planning (Planning Approvals) • The Department of Immigration (Work Permit Approvals) • Ministry of Finance (Business Licence and Real Property Tax) • The Central Bank of the Bahamas (Exchange Control) • Bahamas Environment, Science and Technology Commission (Environmental Impact Assessment (EIA) and Environmental Management Plans (EMP)) 2.
Contact Details Bahamas Investment Authority 2nd Floor Cecil Wallace-Whitfield Centre West Bay Street P. O.

Box CB-10980 Nassau New Providence 3 The Bahamas Primary Contact Alivia Forbes: (242) 702-5513 Email: aliviaforbes@bahamas.gov.bs Secondary Contact Samantha Rolle: ( 242) 702-5536 Email: samantharolle@bahamas.gov.bs