Establishing a Business in The Bahamas
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.
- Submit a project proposal in accordance with the BIA’s Project Proposal Guidelines, along with the following supporting documents to the Bahamas Investment Authority.
- The BIA will process the application and submit the same to the National Economic Council for a determination.
- The relevant Government Ministries or Agencies would be consulted for input.
- Once a determination has been made, the BIA will communicate to the applicant in writing.
- Once approval is obtained, the BIA also coordinates with other Government agencies and facilitates the implementation of projects.
A form is not required, however a project proposal in accordance with the BIA’s Project Proposal Guidelines, along with supporting documents to the Bahamas Investment Authority must be submitted.
- 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
No fee is applied for this process.
Director of Bahamas Investment Authority
2nd Floor Cecil Wallace-Whitfield Centre
West Bay Street
P. O. Box CB-10980
Nassau
New Providence
The Bahamas
Tel. (242) 327-5826-9, (242) 702-5500-3
Fax. (242) 327-5806
Email: bia@bahamas.gov.bs
Secretariat
Cellular Liberalisation Task Force
Teachers and Salaried Workers Co-operative Credit Union Business Complex
East Street South
Nassau, N.P., The Bahamas
cellularliberalisation@bahamas.gov.bs
Phone: (242) 322-1432 / 326-0347 / 325-5320
Fax: (242) 322-1494