Investment Policy Measures

12 results
Bahamas

Bahamas

01 Jul 2025

Introduces new tax credit programme for qualifying investment activities

On 1 July 2025, the Bahamas enacted the Business Development Incentives Programme Act, 2025, establishing the Business Development Incentives Programme to provide financial incentives to eligible business licence holders. [...]

Bahamas

Bahamas

01 Jan 2025

Tightens eligibility requirements for economic permanent residence

On 1 January 2025, the Bahamas brought into force the Immigration (Amendment) (No. 2) Act, 2024, amending section 17A of the Immigration Act, which governs economic permanent residence. The amendment raises the minimum qualifying investment [...]

Bahamas

Bahamas

13 Apr 2022

Bans all transactions by financial institutions under its jurisdiction with Russian entities

On 13 March 2022, the Government of the Bahamas prohibited all transactions by its national financial institutions with Russian entities that are already targeted by European and United States economic sanctions, in response to the [...]

Bahamas

Bahamas

01 Jan 2022

Adopts a zero VAT rate on financial services

On December 13th, 2021, the Official Gazette published the "Value Added Tax (Amendment)(No. 2) Act, 2021". This amendment defines a zero VAT rate for businesses providing financial services. [...]

Bahamas

Bahamas

05 Oct 2018

Creates the "Economic Empowerment Zones"

On October 5th, 2018, the Official Gazette published the "Economic Empowerment Zones Act". This act expires on July 1st, 2023, with the possibility of extending it up to five years. Upon reception of a certificate, businesses located [...]

Bahamas

Bahamas

01 Jul 2018

Repealing of VAT exemption on real estate transactions

On June 29th, 2018, the Official Gazette published the "Value Added Tax (Amendment) Act, 2018". The VAT exemption on real estate transactions adopted in 2015 is repealed. The applicable rate will be 12 per cent, as defined in this [...]

Bahamas

Bahamas

01 Jul 2018

VAT increase from 7.5 to 12 per cent

On June 29th, 2018, the Official Gazette published the "Value Added Tax (Amendment) Act, 2018". From July 1st, 2018, the VAT increased from 7.5 to 12 per cent, unless the context requires differently. [...]

Bahamas

Bahamas

04 May 2016

Creation of various tax exemptions for investment projects in the Port Area

On August 26th, 2016, the Official Gazette published the "Grand Bahamas (Port Area) Investment Incentives Act", coming into force on May 4th, 2016, and expiring twenty years later. This act rewards investment projects in the Port [...]

Bahamas

Bahamas

01 Jul 2015

Exemption from VAT for international transportation services

On July 1st, 2015, the Official Gazette published the "Value Added Tax (Amendment) Act, 2015". International transportation services are now exempted from Value Added Tax. [...]

Bahamas

Bahamas

01 Jul 2015

Application of VAT to real estate transactions

On July 1st, 2015, the Official Gazette published the "Value Added Tax (Amendment) Act, 2015". This amendment makes real estate transactions subject to VAT. However, the following remain exempt from VAT: the rental of dwellings; the [...]

Bahamas

Bahamas

01 Jan 2015

Introduced a VAT (7.5 per cent)

On September 19th, 2014, the Official Gazette published the "Value Added Tax Act". This Act introduces a Value Added Tax of 7.5 per cent applicable to almost all goods and services in The Bahamas; a tax which did not previously exist [...]

Bahamas

Bahamas

08 Feb 2011

Approves privatization of Bahamas Telecommunications Co (BTC)

On 6 April, the Government completed the privatization of the Bahamas Telecommunications Company (BTC), with the sale of 51 percent of the shares to Cable and Wireless Communications (CWC). It received US $210 million from CWC, and [...]

Number of policy measures per economy (since 01 Jan 2010) 1 100