Deloitte Touche Tohmatsu International is one of the world's leading accounting and auditing, management consulting, and tax services firms. Our national practices serve multinational and large national enterprises, public institutions, and tens of thousands of fast-growing small businesses. Our practices audit over 700 companies with sales or assets in excess of US $1 billion. With more than 72,000 people in 128 countries, our internationally experienced professionals deliver seamless, consistent services wherever our clients operate.

An International Tax and Business Guide will be appearing each month that will provide information on the following:

  • Setting Up A Business In The Bahamas - A Quick Guide For Foreigners
  • The Investment Climate - Introduction To The Bahamas
  • The Investment Climate - Incentives and Financing
  • Investment And Business Factors - Foreign Investment
  • Investment And Business Factors - Exchange Controls
  • Investment And Business Factors - Foreign Trade
  • Investment And Business Factors - Business Regulation
  • Investment And Business Factors - Employment Law and Practice
  • Business Entities - Choice of Business Entity
  • Business Entities - Other Forms
  • Accounting and Auditing - Financial Statement Requirements
  • The Tax System - Taxation in the Bahamas

This guide was prepared by the professional staff of Deloitte & Touche, the Deloitte Touch Tohmatsu International practice in the Bahamas. It is designed to provide foreign investors with fundamental information about the Bahamian environment, including factors a foreign investor should consider in deciding whether to acquire an existing Bahamian company or to start a new operation in the country. These factors include tax planning, employment and labor, financing, importing, and exporting.

The information given is not exhaustive and, unless otherwise indicated, is based on conditions existing at July 1996. Readers are advised to consult with professionals, such as independent accountants, legal counsel, and investment bankers, before taking any formal action. Deloitte Touche Tohmatsu International professionals would be pleased to discuss specific problems.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.