Tentmaker Reports

Bahamas, The Report

Entrepreneurial Missions Index

30.1

General Information

Population

377,374 (161st most populous country in the world)

RELIGIONS
Baptist35.4%
Anglican15.1%
Roman Catholic13.5%
Pentecostal8.1%
Church of God4.8%
Methodist4.2%
Other Christian15.2%
None or Unspecified2.9%
Other0.8%
LANGUAGES
English
Creole

Industries

Tourism, banking, cement, oil transshipment, salt, rum, aragonite, pharmaceuticals, spiral-welded steel pipe

Unless otherwise noted, all information included here was obtained from the World Factbook project 4, conducted by the Central Intelligence Agency (CIA). For more detailed information about Bahamas, The, visit https://www.cia.gov/library/publications/the-world-factbook/geos/bs.html.

Business Information

The World Bank ranks Bahamas, The as 96 out of 183 economies in terms of ease of doing business. The country ranks as 0 (of 183) in terms of ease of starting a business.

It requires 0 procedures, takes 0 days, and costs N/A% of income per capita to start a business in Bahamas, The.

In order to start a business in Bahamas, The, one must follow these procedures:

  1. Search for a company name and reserve the proposed name online
  2. A lawyer prepares and notarizes the company documents (memorandum and articles of association)
  3. A stamp duty has to be obtained from the Public Treasury for the Memorandum
  4. File the company documents at the Companies Registry
  5. Obtain the National Insurance Number for the Company from the National Insurance Board
  6. Register the company for a business license at the Valuation / Business License Department of the Ministry of Finance
  7. Company seal

Unless otherwise noted, all information included here was obtained from the Doing Business project 3, conducted by the World Bank. For more detailed information about starting a business in Bahamas, The, visit http://www.doingbusiness.org/.

 

To learn more...

 

Bahamas, The Economic Freedom

The World Economic Forum (WEF) was founded in 1971 by Klaus Martin Schwab at the University of Geneva in Switzerland.  It is a non-profit foundation best known for its annual meeting in Davos, Switzerland, which brings together top business leaders, international political leaders, selected intellectuals and journalists to discuss both economic and social issues facing the world.  The WEF also serves as a think tank, and publishes a wide range of reports focusing on issues of concern and importance to Forum communities. In particular, Strategic Insight Teams focus on producing reports of relevance in the fields of competitiveness, global risks and scenario thinking.  The Global Competitiveness Report measures competitiveness of countries and economic competitiveness among a wide range of factors such as corruption, tax rates, work ethic, and many others.
 

Bahamas, The Summary

 

1 World Economic Forum

2 Free the World
Gwartney, James and Robert Lawson with Herbert Grubel, Jakob de Haan, Jan-Egbert Sturm, and Eelco Zandberg (2009). Economic Freedom of the World: 2009 Annual Report. Vancouver, BC: The Fraser Institute. Data retrieved from www.freetheworld.com.

3 World Bank Data

4 World Factbook Project

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