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The Bahamas Institute of Chartered Accountants (BICA) is a professional body that regulates the accountancy industry in the Bahamas. [1] 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 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. [1] Tourism alone provides an estimated 45% of the gross domestic product (GDP) and employs about half the Bahamian workforce.
Bahamas Customs & Excise Department is the agency of the Bahamian government responsible for collecting revenue and taxes. It was established on March 21, 1914, by an act of the Bahamian Legislature known as an Act to provide for the establishment of a Customs Department. About 55% to 60% of revenue collected in the Bahamas is collected by the ...
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Damianos Sotheby's International Realty is a luxury Bahamas real estate firm founded in 1945 by Nicholas G. Damianos. This Bahamian company was originally named Damianos Realty, but had a name change when they acquired the Sotheby's International Realty franchise in 2005.
The Securities Commission of the Bahamas (SCB), formerly the Securities Board of the Bahamas, is an agency responsible for financial regulation of investment funds, ...
The National Health Insurance Authority is an agency of the government of the Bahamas, established under the National Health Insurance Act 2003. It is intended to secure the implementation of a national health insurance policy that ensures access to basic healthcare services to all residents.