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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.
The Securities Commission of the Bahamas ( SCB ), formerly the Securities Board of the Bahamas, is an agency responsible for financial regulation of investment funds, securities, and capital markets in the Bahamas. [2] [3] Among other responsibilities, it enforces the Financial and Corporate Service Providers Act, the Digital Assets and ...
In 2016, over 3 million tourists visited the Bahamas, most of whom are from the United States and Canada. Notable firms. This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and ...
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 ...
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]
International business company. An international business company or international business corporation ( IBC) is an offshore company formed under the laws of some jurisdictions as a tax neutral company which is usually limited in terms of the activities it may conduct in, but not necessarily from, the jurisdiction in which it is incorporated.
The earliest arrival of people in the islands now known as The Bahamas was in the first millennium AD. The first inhabitants of the islands were the Lucayans, an Arawakan language -speaking Taino people, who arrived between about 500 and 800 AD from other islands of the Caribbean . Recorded history began on 12 October 1492, when Christopher ...
Geography. Long Island is about 130 kilometers (80 mi) long and 6 km (4 mi) wide at its widest point. The land area is 596 km 2 (230 sq mi). Long Island is situated about 265 km (165 mi) southeast of the Bahamian capital of Nassau, which is located on the island of New Providence.
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