The recently passed Commercial Enterprise Bill (CEB) will help to liberalize the Bahamian economy, Prime Minister Dr Hubert Minnis has said.

The Bill was passed in the House of Assembly on November 22, 2017 and in the Senate on December 4, 2017.

Addressing a reception for Bahamians and Friends of The Bahamas residing in Washington, DC, Northern Virginia and Maryland, including Baltimore December 16, Prime Minister Minnis encouraged the attendees, Bahamians throughout the diaspora, and individuals of Bahamian heritage who are not Bahamian citizens but have family ties to The Bahamas, to utilize the new CEB to invest in The Bahamas.

The Prime Minister, among other items on his schedule, met with overseas Bahamian investors, overseas investors who are Friends of The Bahamas, and those of Bahamian heritage who are not Bahamian citizens, but who have family ties to The Bahamas.

The Prime Minister’s meetings with members of the Bahamian diaspora also involved recruiting their talents, services and resources to further assist the country in areas such as youth development, volunteerism and community service.

Minnis said that the new Bill allows those major businesses that do not currently exist in The Bahamas – such as aquaculture and biotechnology – to be brought into The Bahamas.

“I am excited at the prospect of Bahamians, as well as individuals of Bahamian heritage who are not Bahamian citizens, but who have family ties in The Bahamas, utilizing the new Commercial Bill to invest in The Bahamas,” Prime Minister Minis said.

“I invite my fellow Bahamians overseas, those of you of Bahamian heritage, and friends of The Bahamas, to consider new investment opportunities in The Bahamas in areas ranging from aquaculture to the maritime sector, to biotechnology,” he added.