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Bahamas meets OECD peer review requirements

The Phase 1 Peer Review Report of The Bahamas has determined that The Bahamas has the necessary legal and regulatory framework in place to ensure the availability of ownership, identity and banking information; along with the requisite access to that information by The Bahamas’ Competent Authority. The Report also determined that The Bahamas has adequate mechanisms in place to allow for exchange of information with relevant partners. Download the government press release here. 

A Bahamian public-private delegation visited Toronto and Calgary in March to promote business opportunities with Canada. Bahamas Financial Services Board's (BFSB) "Bahamas Landfall" workshops were organized to coincide with a trade and investment mission led by Prime Minister Hubert Ingraham.

Prime Minister Hubert Ingraham announced yesterday in parliament changes to the National Investment Policy, including raising the minimum dollar requirement for foreign direct investment (FDI) in a commercial undertaking and removal of the restriction prohibiting international investment in restaurants and/or entertainment facilities.

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