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The Ministry of Financial Services, Trade & Industry and Immigration will facilitate the first round of consultations to obtain private sector input as a part of its efforts to join the World Trade Organization (WTO). The consultations will be industry specific and are intended to inform the Government’s negotiating position in respect of each economic sector. For more information please click here.

Date: 14 March 2018 - Brussels, Belgium

The Bahamas delegation to the European Union, Brussels, Belgium, today addressed concerns related to the Bahamas being named to the EU Non-Cooperative Tax Jurisdiction List- Annex I. The delegation was led by Deputy Prime Minister & Minister of Finance, K. Peter Turnquest and Minister of Financial Services, Trade & Industry and Immigration, T. Brent Symonette, who were accompanied by Consultant to the Ministry of Financial Services, LaTonia

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Rates for the investment currency market will be reduced

Last month the private sector hailed as a “tremendous move” the Government’s targeting of businesses through further exchange control relaxation that will take effect in February 2018.

Prime Minister Dr. Hubert Minnis said the liberalisation will affect both capital investment and current account trade transactions. Bahamian-owned businesses will now be allowed to maintain operating deposit accounts, with up to $100,000 in foreign

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Goombay Labs is on the road to success

Small and medium-sized businesses face unique challenges on the road to success. With access to sound business information and the implementation of innovative strategies, however, entrepreneurs can overcome hurdles to growth and profitability. Premium candle manufacturer, Goombay Labs, is reaping rewards after only one year of business as a result of using a lean business strategy that involves tapping into the resources available on the Bahamas Trade

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