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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.
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]
In terms of gross domestic product per capita, the Bahamas is one of the richest countries in the Americas (following the United States and Canada), with an economy based on tourism and finance. Tourism alone provides an estimated 45% of the gross domestic product (GDP) and employs about half the Bahamian workforce.
The cost of a business license can vary dramatically based on the type and the location. In Nevada, for example, corporations have to pay $500 for a standard business license, while in California ...
Business license. Business licenses are permits issued by government agencies that allow individuals or companies to conduct business within the government's geographical jurisdiction. It is the authorization to start a business issued by the local government. [1] A single jurisdiction often requires multiple licenses that are issued by ...
Overview. The University of The Bahamas has about 5,000 students and over 12,000 alumni. It is one of the largest employers in The Bahamas, employing 700 faculty and staff. Seventy-six percent of the over 300 faculty (261 full-time and 96 part-time) are Bahamian. The College of The Bahamas (COB) was the pre-cursor to the University of The Bahamas.
Holders of passports of the following countries and territories may enter the Bahamas without a visa for 3 months (unless otherwise noted): [1] [2] [3] 1 – For citizens of Belgium, Denmark, Greece, Italy, Luxembourg, the Netherlands: 8 months; for other citizens: 3 months. 2 - 8 months.
Bahamian citizenship. Expiration. 10 years (16 and over) 5 years (Under 16) Cost. B$ 50.00 Adult Passport B$ 25.00 Children’s Passport. The Bahamian passport is issued to citizens of the Bahamas for international travel. As of March 2019, Bahamian citizens had visa-free or visa on arrival access to 154 countries and territories, ranking the ...
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