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Taxation. Taxation in the Bahamas is collected by the Government of the Bahamas. The Bahamas are considered a tax haven given the lack of income tax, capital gains tax, inheritance tax or company tax. [1] Government tax revenue is instead derived from consumption, property and import taxes as well as licence fees. [2]
Business license. Business licenses are permits issued by government agencies that allow individuals or companies to conduct business within the government's geographical jurisdiction. It is the authorization to start a business issued by the local government. [1] A single jurisdiction often requires multiple licenses that are issued by ...
The Grand Bahama Port Authority [1] ( GBPA or "Port Authority") is a privately held corporation that also acts as the municipal authority for Freeport, Grand Bahama Island, The Bahamas. The GBPA was created by the Hawksbill Creek Agreement . The GBPA is horizontally integrated with property development, municipal services, airport (world's ...
Elections. Local government elections take place once every three years in the Bahamas [22] with the most recent elections taking place on 27 January 2022. [23] The 2020 elections were postponed due to COVID-19 until Emergency Power Orders were lifted. [24] The voting system used in local government elections is the first-past-the-post system.
The economy of the Bahamas is dependent upon tourism and offshore banking. The Bahamas is the richest country in the West Indies and is ranked 14th in North America for nominal GDP. [8] It is a stable, developing nation in the Lucayan Archipelago, with a population of 391,232 (2016). Steady growth in tourism receipts and a boom in construction ...
Bahamasair. Bahamasair Holdings Limited (stylised: bahamasaır) is an airline headquartered in Nassau. [4] It is the national airline of The Bahamas and operates scheduled services to 32 domestic and regional destinations in the Caribbean and the United States from its base at Lynden Pindling International Airport.
List of Attorneys-General of the Colony of the Bahamas. This is an incomplete listing of Attorneys-General before 1973. William Wylly (1799-1821) Bruce Burnside (1875-1879) William Rees-Davies (c. 1897-1902) Frederick Chester Wells-Durrant (1909-1921) G T Watts (1930-unknown) John Bowes Griffin (1936-1939)
The Bahamas Institute of Chartered Accountants (BICA) is a professional body that regulates the accountancy industry in the Bahamas. In theory anyone approved by the relevant government ministry can act as an independent auditor, but in practice, all auditors are members of BICA.