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HuffPo: Bahamas an investor’s paradise

Contributing writer to The Huffington Post David Grabovac examines the perks of doing business in the jurisdiction. Read an excerpt from the post here. 

The Huffington Post
Monday, April 24, 2017
Monday, April 24, 2017
Huffpo contributor David Grabovac

04/23/2017 01:10 am ET (Huffington Post) – The Bahamas is composed of 700 islands just 80km off the coast of Florida. The archipelago is an ecological oasis with some of the clearest water on the planet and the world’s third largest barrier reef. It is steeped in the history and traditions of the sea. From 1492 when Christopher Columbus first discovered the islands, through the 17th and 18th centuries which saw The Bahamas dominated by pirates, to today’s vigorous tourism, financial and maritime centre that it has become.

For such a small country, The Bahamas has plenty to offer to foreign investors. Its pro-business environment, stable government and highly-trained English-speaking workforce not to mention breathtaking sea and landscapes are a few of the reasons major foreign investors such as Atlantis Resort, Royal Caribbean International, Paradise Island, Crystal Palace Casino, the Westin, the Sheraton, British Colonial Hilton Nassau, Grand Hyatt Baha Mar and Hutchison Port Holdings, among many others, are doing business in the Bahamas.

Here are a few other reasons The Bahamas has such appeal to investors worldwide:

Close Proximity to Major Financial Centres
With direct international flights out of five airports in The Bahamas, investors can easily reach North American and Latin American financial hubs. It is just a 45-minute flight away from the United States, the world’s largest economy. London is a 9-hour flight while from Sydney it takes 19 hours.

Being in the same time zone as New York and Toronto helps investors stay connected to major financial markets in real time.

Diverse Industries for Foreign Investors
The Bahamian government is eager to attract foreign investors, especially in the following industries:

  • Tourism: resorts, upscale condos, and time shares
  • Information and data processing services
  • Assembly industries
  • High-Tech services
  • Ship repair and other services
  • Light manufacturing for export
  • Agro-industries
  • Food processing
  • Banking and other financial services
  • Pharmaceutical manufacturing

This is an excerpt from The Huffington Post as it appeared on April 24, 2017. For updates or to read the current version of this post in its entirety, please click here.

Continue reading this post >

Last Friday’s official opening of the Baha Mar megaresort on Cable Beach was attended by government officials, business leaders and local and international media. Watch a ZNS Network news report here.

One&Only, which operates a luxury resort on Paradise Island in The Bahamas, is evolving its portfolio beyond its current offering with One&Only Nature Resorts, One&Only Urban Resorts, and One&Only Private Homes.

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