Sector or sub-sector Limitations on market access Limitations on national treatment

A. HORIZONTAL COMMITMENTS

All modes: Exchange control 1. Residents need to obtain approval by the Central Bank to operate foreign currency or Bahamian dollar accounts and to acquire foreign currency assets, pursuant the Exchange Control Regulations Act and Finance Regulations. Non-residents have a right to operate foreign currency accounts. 2. Resident juridical persons may receive approval to operate foreign currency accounts to cover expenses directly incurred in foreign currency. Both non-resident juridical persons and foreign nationals may be approved to operate Bahamian dollar accounts to satisfy recurring expenses in Bahamian dollars. 3. All applications for the abovementioned exchange control approvals must satisfy the requirements of The Bahamas’ National Investment Policy in terms of the sectors and activities in which foreign investments are permitted. All modes: Subsidies, fiscal incentives, scholarships, grants and other forms of domestic financial support may be restricted to Bahamian nationals or Bahamian-owned enterprises.

4. For the purposes of exchange controls, a “resident” is either a citizen of The Bahamas, or a licensed juridical person, either foreign or domestic-owned, that is permitted to engage in transactions with other residents. A non-resident is either a foreign national or a juridical person that is not permitted to do business with residents, irrespective of whether a physical presence in The Bahamas is maintained.

Mode 3: Investments by foreign persons of a value greater than USD 250 000, are subject to approval by the National Economic Council (NEC) under terms of the National Investment Policy (NIP) on the basis of an economic needs and benefits test. Major criteria under the NIP include employment generation, skills development, regional development, local needs and environmental impacts. Joint ventures between Bahamian and foreign investors are also subject to NEC approval under the NIP on the basis of the economic needs and benefits tests outlined above. Mode 3: Bahamian nationals and companies wholly owned by Bahamian nationals are exempt from real estate taxes on real estate in the Family Islands.

Mode 3: Foreign persons and juridical persons wishing to acquire real estate for commercial purposes must apply for a permit from the Investments Board. Foreign persons or juridical persons intending to acquire more than five contiguous acres of land for any purpose must obtain a permit from the Investments Board. Mode 3: Service suppliers that establish a commercial presence to provide a service on a one-time basis only, after which the commercial presence will be dissolved, are required to pay a licence fee of 1 % of the contract value at the beginning of the contract.

Mode 4: Unbound except for key personnel (business visitors, managers and specialists and graduate trainees) not available locally. Under the Immigration Act and Regulations, a work permit must be obtained prior to entry into The Bahamas by foreign nationals intending to take up employment. Labour market tests are applied in determining whether such foreign workers are to be admitted.

B. SECTOR-SPECIFIC COMMITMENTS

1. BUSINESS SERVICES

A. PROFESSIONAL SERVICES

(a) Legal services

Legal documentation and certification

(CPC 86130)

1) None except that legal services in respect of domestic law are subject to a nationality condition. 1) None.

2) None except that legal services in respect of domestic law are subject to a nationality condition. 2) None.

3) Unbound. 3) Unbound.

4) Unbound except as indicated in horizontal commitments. 4) Unbound except as indicated in horizontal commitments.

Consulting in home law of the service provider

(CPC 86119)

1) None except that legal services in respect of domestic law are subject to a nationality condition. 1) None.

2) None except that legal services in respect of domestic law are subject to a nationality condition. 2) None.

3) Unbound. 3) Unbound.

4) Unbound except as indicated in horizontal commitments. 4) Unbound except as indicated in horizontal commitments.

(b) Accounting, auditing and book-keeping services

Accounting and Auditing Services

(CPC 8621)

1) Unbound. 1) None.

2) None. 2) Unbound.

3) None except that Bahamian licensed accountants must be used in respect of accounting and auditing services provided to Bahamian juridical persons. 3) None.

4) Unbound except as indicated in horizontal commitments. 4) Unbound except as indicated in horizontal commitments.

(c) Taxation

(CPC 863)

1) None. 1) None.

2) None. 2) None.

3) None except that Bahamian licensed specialists must be used in respect of tax services provided to Bahamian juridical persons. 3) None.

4) Unbound except as indicated in horizontal commitments. 4) Unbound except as indicated in horizontal commitments.

(d) Architectural services

(CPC 8671)

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) None.

4) Unbound except as indicated in horizontal commitments. 4) Unbound except as indicated in horizontal commitments.

(e) Engineering services

(CPC 86724, 86725)

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) None.

4) Unbound except as indicated in horizontal commitments. 4) Unbound except as indicated in horizontal commitments.

(f) Integrated engineering services

(CPC 8673)

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) None.

4) Unbound except as indicated in horizontal commitments. 4) Unbound except as indicated in horizontal commitments.

(g) Urban planning and landscape architectural services

Landscape architectural services

(CPC 86742)

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) None.

4) Unbound except as indicated in horizontal commitments. 4) Unbound except as indicated in horizontal commitments.

(h) Medical and dental services

(CPC 9312)

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) Unbound.

4) Unbound except as indicated in horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

Neurosurgery

1) Unbound. 1) None.

2) None. 2) None.

3) Unbound. 3) Unbound.

4) Unbound except as indicated in horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

Epidemiological services

(CPC 931**)

1) Unbound. 1) None.

2) None. 2) None.

3) Unbound. 3) Unbound.

4) Unbound except as indicated in horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

Catscan services

(CPC 931**)

1) Unbound. 1) None.

2) None. 2) None.

3) Unbound. 3) Unbound.

4) Unbound except as indicated in horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(i) Veterinary services

(CPC 932)

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) Unbound.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(j) Services provided by midwives, nurses, physiotherapists and paramedical personnel

(CPC 93191)

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) Unbound.

4) Unbound except as indicated in horizontal commitments. 4) Unbound except as indicated in horizontal commitments.

B. COMPUTER AND RELATED SERVICES

(a) Consultancy services related to the installation of computer hardware

(CPC 841)

1) None. 1) None.

2) None. 2) None.

3) Unbound for services related to residential computer installations. None for commercial businesses 3) Unbound for services related to residential computer installations. None for commercial businesses

4) Unbound except as indicated in the horizontal commitments. Subject to economic needs test for CSS. 4) Unbound except as indicated in the horizontal commitments.

(b) Software implementation services

(CPC 842)

1) None. 1) None.

2) None. 2) None.

3) Unbound for services related to residential computer installations. For computer installations in business establishments, joint ventures with Bahamian firms are permitted. None after 2013. 3) Unbound for services related to residential computer installations.

4) None. 4) None.

(c) Data processing services

(CPC 843)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in horizontal commitments. Subject to economic needs test for CSS. 4) Unbound except as indicated in horizontal commitments.

(d) Database services

(CPC 844)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. Subject to economic needs test for CSS. 4) Unbound except as indicated in the horizontal commitments.

(e) Other

(CPC 849) (Data preparation services and other computer services n.e.c.)

1) None. 1) None.

2) None. 2) None.

3) Unbound for home office equipment. For commercial equipment, subject to an economic needs test based on type of service. 3) Unbound for home office equipment.

4) Unbound except as indicated in the horizontal commitments. Subject to economic needs test for CSS. 4) Unbound except as indicated in the horizontal commitments.

C. RESEARCH AND DEVELOPMENT SERVICES

(a) Research and development services in natural sciences and engineering

(CPC 851)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. Subject to economic needs test for CSS and IP. 4) Unbound except as indicated in the horizontal commitments.

(b) Research and development in social sciences and humanities

(CPC 852)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(c) Inter-disciplinary research and development services

(CPC 853)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

E. RENTAL/LEASING SERVICES WITHOUT OPERATORS

(b) Relating to aircraft

(CPC 83104)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(c) Relating to other transport equipment

(CPC 83102)

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) Unbound.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(d) Relating to other machinery and equipment

(CPC 83106, 83107, 83108, 83109)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

F. OTHER BUSINESS SERVICES

(a) Advertising services

(CPC 871)

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(b) Market research and public opinion polling services

(CPC 864)

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(c) Management consulting services

(CPC 865)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in horizontal commitments.

(d) Services related to management consulting

(CPC 866)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(e) Technical testing and analysis services

(CPC 8676)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(f) Services incidental to agriculture, hunting and forestry

(CPC 881)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(g) Services incidental to fishing

(CPC 882)

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) Unbound.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(h) Services incidental to mining

(CPC 883, 5115)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound. 4) Unbound.

(i) Services incidental to manufacturing

(CPC 8841, 8842, 8843, 8844 and 8846)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(k) Placement and supply services of personnel

(CPC 872)

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) Unbound.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(l) Investigation and security

(CPC 873)

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) Unbound.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(m) Related scientific and technical consulting services

(CPC 86753)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(n) Maintenance and repair of equipment

(not including maritime vessels, aircraft or other transport equipment) (CPC 633 except for CPC 63302, 8861-8866)

1) None. 1) None.

2) None. 2) None.

3) Unbound except for joint ventures. 3) Unbound except for joint ventures.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(o) Building cleaning services

(CPC 874)

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) None.

4) Unbound except as indicated in horizontal commitments. 4) Unbound except as indicated in horizontal commitments.

(p) Photographic services

(CPC 87501-87507)

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) Unbound.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(q) Packaging services

(CPC 876)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(r) Publishing and printing on a fee or contract basis

(CPC 88442)

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) Unbound.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(s) Convention services

(CPC 87909**)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(t) Other

(CPC 87905)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

2. COMMUNICATION SERVICES

B. Courier services

(CPC 7512)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. Subject to economic needs test for CSS. 4) None.

C. TELECOMMUNICATIONS SERVICES (public and non-public use)

(a) Voice telephone services (CPC 7521) (b) Packet-switched data transmission services (CPC 7523) (c) Circuit-switched data transmission services (CPC 7523**) (d) Telex services (CPC 7523**) (e) Telegraph services (CPC 7522) (f) Facsimile services (CPC 7521, 7529) (g) Private leased circuits (CPC 7522, 7523) (h) Electronic mail (CPC 7523) (i) Voice mail (CPC 7523) (j) Online information and data base retrieval (CPC 7523) (k) Electronic data interchange (EDI)(CPC 7523) (l) Enhanced/value added facsimile services including store and forward, store and retrieve (m) Code and protocol conversion (n) Online information and/or data processing (including transaction processing) (CPC 843) (o) Other: Internet and internet access (except voice) (CPC 75260) Personal communication services (except mobile data services, paging services and trunked radio systems) Telecommunication equipment sales, rental, maintenance, connection, repair and consulting services (CPC 75410, 75450) Trunked radio system services Paging (CPC 75291) Teleconferencing services (CPC 75292) International voice, data and video transmission services supplied to firm involved in information processing within free zones Video transmission services (satellite based) (CPC 75241**) Connection and interconnection services (CPC 7543 and 7525) 1) None. 2) None. 3) Unbound. None after 2013. 4) Unbound except as indicated in the horizontal commitments. 1) None. 2) None. 3) Unbound. None after 2013. 4) Unbound except as indicated in the horizontal commitments.

3. CONSTRUCTION AND RELATED ENGINEERING SERVICES

A. GENERAL CONSTRUCTION WORK FOR BUILDINGS

(CPC 5126**) Hotels and resorts in excess of 100 rooms, restaurants and similar buildings

1) None. 1) None.

2) None. 2) None.

3) Unbound except for specialty construction 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

B. GENERAL CONSTRUCTION WORK FOR CIVIL ENGINEERING

(CPC 5131, 5132, 5133, 51340, 51350, 51360, 51371, 51372, 51390)

1) None. 1) None.

2) None. 2) None.

3) Unbound except for specialty construction 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

C. INSTALLATION AND ASSEMBLY WORK

(CPC 514, 516)

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

D. BUILDING COMPLETION AND FINISHING WORK

(CPC 517)

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

E. OTHER

(CPC 511, 515, 518)

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

4. DISTRIBUTION SERVICES

A. COMMISSION AGENTS’ SERVICES

(CPC 621)

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments. Licence required for CSS and IP.

B. WHOLESALE TRADE SERVICES

(CPC 622)

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

C. RETAILING SERVICES

(CPC 631, 632, 6111, 6113)

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

Sale, maintenance and repair services of motor cycles and snowmobiles; sales of related parts and accessories

(CPC 612) (Excluding maintenance and repair services of motorcycles CPC 61220)

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

Retail sales of motor fuel

(CPC 61300)

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

D. FRANCHISING

(CPC 8929)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

5. EDUCATIONAL SERVICES

(a) Primary education services

(CPC 921) (except non-profit, public and publicly funded juridical persons)

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) Unbound.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(b) Secondary education services

(CPC 922) (except non-profit, public and publicly funded juridical persons)

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) Unbound.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(c) Higher education services

(CPC 923) (except non-profit, public and publicly funded juridical persons)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(d) Adult education

(CPC 924) (except non-profit, public and publicly funded juridical persons)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(e) Other education services

(CPC 929)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

6. ENVIRONMENTAL SERVICES

A. SEWAGE SERVICES

(CPC 9401)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

Waste and waste water management

(CPC 9401**)

1) Unbound. 1) Unbound.

2) None. 2) Unbound.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

B. REFUSE DISPOSAL SERVICES

(CPC 9402)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

Non-hazardous waste collection services

(CPC 9402**)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

Hazardous waste treatment and disposal services

(CPC 9402**)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

D. OTHER

Cleaning service of exhaust gas

(CPC 94040)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. Subject to an economic needs test for CSS. 4) Unbound except as indicated in the horizontal commitments.

Noise abatement services

(CPC 94050)

1) Unbound. 1) Unbound.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

Remediation and clean-up of soil and waters

(CPC 94060**)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

Closed loop pollution control systems for factories

(CPC 94090**)

1) Unbound. 1) Unbound.

2) None. 2) Unbound.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

Recycling services

(CPC 94090**)

1) Unbound. 1) Unbound.

2) None. 2) Unbound.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

7. FINANCIAL SERVICES

A. ALL INSURANCE AND INSURANCE RELATED SERVICES

(a) Life, accident and health insurance services

(CPC 8121)

1) Unbound. 1) None.

2) None. 2) None.

3) None. 3) Unbound.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(b) Non-life insurance services

(CPC 8129)

1) Unbound, except the insurance of risks relating to: (i) maritime shipping and commercial aviation and space launching and freight (including satellites), with such insurance to cover any or all of the following: the goods being transported, the vehicle transporting the goods and any liability arising therefrom; and (ii) goods in international transit. 1) None.

2) None. 2) None.

3) None. 3) Unbound.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(c) Reinsurance and retrocession

(CPC 81299**)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(d) Services auxiliary to insurance (brokering and agency services)

(CPC 8140 except actuarial services)

1) Unbound. 1) Unbound.

2) None. 2) None.

3) Unbound. 3) Unbound.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

Actuarial services

(CPC 81404)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

Consultancy, actuarial, risk assessment and claim settlement services

(CPC 814**)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

B. BANKING AND OTHER FINANCIAL SERVICES (excluding insurance)

(a) Acceptance of deposits and other repayable funds from the public

(CPC 81115-81119)

1) Unbound. 1) Unbound.

2) Unbound. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(b) Lending of all types including, inter alia, consumer credit, mortgage credit, factoring and financing of commercial transactions

(CPC 8113)

1) Unbound. 1) Unbound.

2) Unbound. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(c) Financial leasing

(CPC 8112)

1) Unbound. 1) Unbound.

2) Unbound. 2) Unbound.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(d) All payment and money transmission services

(money transmission services only) (CPC 81139**)

1) Unbound. 1) Unbound.

2) None. 2) None.

3) Unbound except subsidiaries of authorised foreign exchange dealers. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(e) Guarantees and commitments

(CPC 81199**)

1) Unbound. 1) Unbound.

2) None. 2) None.

3) Unbound except joint ventures with Bahamian firms. 3) Unbound except joint ventures with Bahamian firms.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(f) Trading for own account or for account of customers, whether on an exchange, in an over-the-counter market or otherwise

(CPC 81339**, 81333, 81321**)

1) Unbound. 1) Unbound.

2) None. 2) None.

3) Unbound for Bahamian dollars. None for foreign currency. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(h) Money broking

(CPC 81339**)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in horizontal commitments. 4) Unbound except as indicated in horizontal commitments.

(i) Asset management, such as cash or portfolio management, all forms of collective investment management

(CPC 81323)

1) None. 1) None.

2) None. 2) None.

3) Unbound on Bahamian dollar assets. None for foreign currency. 3) None.

4) Unbound except as indicated in horizontal commitments. 4) Unbound except as indicated in horizontal commitments.

(k) Advisory and other auxiliary financial services on all the activities listed in Article 103(2)(a)B, including credit reference and analysis, investment and portfolio research and advice, advice on acquisitions and on corporate restructuring

1) None. 1) None.

2) None. 2) None.

3) Unbound except joint ventures with Bahamian firms. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(l) Provision and transfer of financial information and financial data processing and related software by providers of other financial services

(CPC 8131)

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

C. OTHER

Registration of offshore companies and trust (not including insurance companies and banks) to do offshore business

1) Unbound. 1) Unbound.

2) None. 2) None.

3) Unbound except joint ventures with Bahamian firms. 3) Unbound except joint ventures with Bahamian firms.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

8. HEALTH RELATED AND SOCIAL SERVICES (other than those listed under 1. A h-j)

A. HOSPITAL SERVICES

(CPC 93110)

1) None. 1) None.

2) None. 2) None.

3) Unbound except joint ventures with Bahamian firms. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

B. OTHER HUMAN HEALTH SERVICES

(CPC 9319 other than 93191 and 93193)

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

Residential health facilities services other than hospital services

(CPC 93193)

1) None. 1) None.

2) None. 2) None.

3) Unbound except joint ventures with Bahamian firms. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

C. SOCIAL SERVICES

(CPC 93311)

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) Unbound.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

9. TOURISM AND TRAVEL-RELATED SERVICES

A. HOTELS AND RESTAURANTS (incl. catering)

Hotels

(CPC 641)

1) None. 1) None.

2) None. 2) None.

3) None for hotels in excess of 100 rooms. Unbound for hotels of less than 100 rooms. 3) None.

4) Unbound except as indicated in horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

Letting services of furnished accommodation

(CPC 6419)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

Meal serving with full restaurant service or in self-service facilities; catering services

(CPC 64210, 64220, 64230)

1) None. 1) None.

2) None. 2) None.

3) Unbound except for specialty, gourmet and ethnic restaurants and restaurants located in hotels, resort complexes or tourist attractions. 3) Unbound.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

Beverage serving services with entertainment

(CPC 64310 and 64320)

1) None. 1) None.

2) None. 2) None.

3) Unbound except joint ventures with Bahamian firms. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

B. TRAVEL AGENCIES AND TOUR OPERATORS SERVICES

(CPC 7471)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

C. TOURIST GUIDE SERVICES

(CPC 7472)

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

D. OTHER

Hotel development

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

Hotel management

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

Marina services

1) None. 1) None.

2) None. 2) None.

3) Unbound except joint ventures with Bahamian firms. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

Spa services

1) None. 1) None.

2) None. 2) None.

3) Unbound except joint ventures with Bahamian firms. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

10. RECREATIONAL, CULTURAL AND SPORTING SERVICES

(other than audiovisual services)

A. ENTERTAINMENT SERVICES

(including theatre, live bands and circus services) (CPC 9619)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

B. NEWS AGENCY SERVICES

(CPC 9621)

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

C. LIBRARIES, ARCHIVES, MUSEUMS AND OTHER CULTURAL SERVICES

(CPC 963)

1) None. 1) None.

2) None. 2) None.

3) Unbound except joint ventures with Bahamian firms 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

D. SPORTING AND OTHER RECREATIONAL SERVICES

(CPC 96411-3) (except gambling)

1) Unbound. 1) None.

2) None. 2) None.

3) Unbound except joint ventures with Bahamian firms 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

E. OTHER

Rental and leasing of yachts

(CPC 96499**)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

11. TRANSPORT SERVICES

A. MARITIME TRANSPORT SERVICES

(a) Passenger transportation (less cabotage)

(CPC 7211)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(b) Freight transportation (less cabotage)

(CPC 7212)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(c) Rental of vessels with crew (less cabotage)

(CPC 7213)

1) None. 1) None.

2) None. 2) None.

3) Unbound except joint ventures with Bahamian firms 3) Unbound except joint ventures with Bahamian firms

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(d) Maintenance and repair of vessels

(CPC 8868**)

1) None. 1) None.

2) None. 2) None.

3) Unbound below 100 tonnes. None above 100 tonnes. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(e) Pushing and towing services

(CPC 7214)

1) None. 1) None.

2) None. 2) None.

3) Unbound except joint ventures with Bahamian firms. 3) Unbound.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(f) Supporting services for maritime transport

Vessel salvaging and refloating services

(CPC 74540)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

Ship registration for the control, regulation and orderly development of merchant shipping

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) Unbound.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

B. INTERNAL WATERWAYS TRANSPORT

(b) Freight transportation

(CPC 7222)

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) Unbound.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(d) Maintenance and repair of vessels

(CPC 8868)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

C. AIR TRANSPORT SERVICES

(b) Freight transportation

(CPC 732)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(c) Rental of aircraft with crew

(CPC 734)

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) Unbound.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(d) Maintenance and repair of aircraft

(CPC 8868**)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(e) Supporting services for air transport

(CPC 746**)

Computer reservation system (CRS) services

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

Airport management

1) Unbound. 1) Unbound.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

E. RAIL TRANSPORT SERVICES

(a) Passenger transportation

(CPC 7111)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(b) Freight transport

(CPC 7112)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(c) Pushing and towing services

(CPC 7113)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(d) Maintenance and repair of rail transport equipment

(CPC 8868)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(e) Supporting services for rail transport services

(CPC 743)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

F. ROAD TRANSPORT SERVICES

(a) Passenger transportation

(CPC 7121, 7122)

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) Unbound.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(b) Freight transportation

(CPC 7123)

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) Unbound.

4) Unbound except as indicated in the horizontal commitments. Subject to economic needs test for CSS and IP. 4) Unbound except as indicated in the horizontal commitments.

(c) Rental of commercial vehicles with operator

(CPC 7124)

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) Unbound.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(e) Supporting services for road transport services

(CPC 7442)

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) Unbound.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

H. SERVICES AUXILIARY TO ALL MODES OF TRANSPORT

(b) Storage and warehouse services

(CPC 742)

1) None. 1) None.

2) None. 2) None.

3) Unbound. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

(d) Other supporting and auxiliary transportation services

(CPC 74900)

Free zone operation

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.

4) Unbound except as indicated in the horizontal commitments. 4) Unbound except as indicated in the horizontal commitments.

Trans-shipment services

(CPC 749)

1) None. 1) None.

2) None. 2) None.

3) None. 3) None.