NEW YORK, CMC – Bahamas Prime Minister Philip Davis has informed a enterprise and funding discussion board in New York Metropolis that his nation affords a particular worth proposition as a jurisdiction that mixes fiscal self-discipline, transparency, and strategic alternatives for worldwide buyers.
“The Bahamas affords Certainty, Certainty in our governance. Certainty in our authorized framework. Certainty in our enterprise setting. And Certainty in our course as a nation dedicated to stability, integrity, and sustainable development,” Davis informed the Bahamas Enterprise and Funding Discussion board held beneath the theme “Embracing Alternatives in Paradise.”
He informed the viewers that The Bahamas has attracted greater than US$10 billion in overseas direct funding, making a basis of financial confidence that now positions the nation as a beacon of stability amid rising international volatility.
He mentioned the Caribbean Group (CARICOM) nation has a long-standing repute as a secure democracy with an English customary law-based authorized system, a trusted monetary companies trade, and a aggressive, tax-neutral setting.
“Our authorities has intentionally centered on modernizing infrastructure, digitizing public companies, and eradicating bureaucratic purple tape to reinforce the convenience of doing enterprise,” he mentioned, including, “We don’t ask buyers to determine it out alone; we work with you, from inquiry to implementation.”
The Bahamas’ new Funding Promotion and Facilitation Unit on the Workplace of the Prime Minister is serving as a “single window” for coordinating throughout ministries and accelerating mission timelines. Prime Minister Davis mentioned that the goal is to make sure that investor capital will not be solely safe but in addition positioned for long-term development.
Addressing considerations round regulatory predictability, the prime minister referred to the nation’s globally acknowledged administration of advanced monetary conditions, together with the FTX digital asset collapse.
“Our establishments held. Our regulators acted swiftly. Our courts operated transparently. That second turned a world proof level, not of failure. Nonetheless, of resilience,” he mentioned, highlighting the 2020 passage of the Digital Belongings and Registered Exchanges (DARE) Act, which he described because the world’s first complete regulatory framework for digital property, as a mannequin for The Bahamas’ proactive strategy to governance in rising industries.
For the reason that FTX fallout, the DARE Act has been additional strengthened to bolster investor protections and institutional oversight.
The federal government mentioned past tourism and monetary companies, The Bahamas is actively selling funding in renewable power, blue economic system industries, digital innovation, logistics, and climate-resilient infrastructure.
“We wish to be the place the place you pilot new fashions, scale profitable ventures, and anchor your Caribbean operations. Our job is to assist unlock your funding’s potential, not hinder it.”
Prime Minister Davis invited the worldwide enterprise neighborhood to interact with the nation as a collaborative associate in long-term prosperity.
“In at present’s local weather of uncertainty, The Bahamas affords greater than a pitch. We provide a partnership. Constructed on mutual respect, aligned pursuits, and a shared dedication to success,” he mentioned, noting that as the worldwide economic system continues to seek for a gradual floor, The Bahamas is presenting itself as an agile, investor-ready jurisdiction with a transparent roadmap and a authorities that’s prepared to interact.
“We’re a small nation, however we refuse to let that outline our ambition. The Bahamas is open for enterprise, and we invite the world to develop with us,” he added.
