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The economy of The Bahamas is dependent upon tourism and offshore banking. The Bahamas is the richest country in the Caribbean and is ranked 14th in North America for nominal GDP. [9] It is a stable, developing nation in the Lucayan Archipelago, with a population of 407,906 (2021). Steady growth in tourism receipts and a boom in construction of ...
Local government elections take place once every three years in the Bahamas with the most recent elections taking place on 27 January 2022. The 2020 elections were postponed due to COVID-19 until Emergency Power Orders were lifted. The voting system used in local government elections is the first-past-the-post system. Both councillors of third ...
Taxation in the Bahamas. 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.
Headquarters. Nassau, New Providence. Minister responsible. Dr. Duane Sands [1], Minister. Maisie Evans [2], Secretary. The Ministry of Health and Wellness is a ministry in the Bahamas Government. Ministry plans, supervises, licenses and coordinates the country's healthcare services.
The Ministry of Finance is a government ministry of the Bahamas responsible for the care and management of public finances. The development and management of the annual government budget is a major aspect of the ministry's function. [1] Since 1984, Prime Minister of the Bahamas has mostly held the portfolio of Minister of Finance.
The Bahamas. / 25.07806°N 77.33861°W / 25.07806; -77.33861. The Bahamas ( / bəˈhɑːməz / ( listen) ), officially the Commonwealth of The Bahamas, [12] is an island country within the Lucayan Archipelago of the West Indies in the North Atlantic. It takes up 97% of the Lucayan Archipelago's land area and is home to 88% of the ...
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 ...