The Bahamas has various agencies dedicated to attracting overseas investments, including the Bahamas Maritime Authority which recently opened its third overseas office. Today, the country enjoys one of the more successful international ship registries. That success is measured by both gross tonnage and attention to high international standards.
Our diplomatic missions also promote The Bahamas as an attractive destination for international business and foreign capital. However, the country’s lead investment arm is The Bahamas Investment Authority. Its website notes:
“The proactive economic growth and development policies of the government of the Bahamas are guided by The Bahamas Investment Authority (BIA), established to "cut red tape and lay out the red carpet" for investors. Operating from the Office of the Prime Minister, the BIA has been designated as a "one-stop shop" designed to simplify investing in The Bahamas.”
The attraction of such capital is essential to economic growth. So too is the cultivation of another source of capital. Just as foreign direct investment is critical to national development, so is tapping into a wealth of Bahamian talent overseas and the economic resources of this talent currently resident abroad.