Bahamas Prime Minister Philip Davis has made a robust pitch to worldwide buyers, highlighting his nation’s strategic benefits throughout remarks on the Bahamas Enterprise and Funding Discussion board, held in New York below the theme “Embracing Alternatives in Paradise.”
Addressing a room of worldwide enterprise leaders, Davis emphasised that The Bahamas affords a novel worth proposition rooted in fiscal self-discipline, authorized transparency, and long-term financial stability.
“The Bahamas affords Certainty, Certainty in our governance. Certainty in our authorized framework. Certainty in our enterprise surroundings. And Certainty in our course as a nation dedicated to stability, integrity, and sustainable development,” he instructed the viewers.
The Prime Minister famous that The Bahamas has attracted greater than US$10 billion in overseas direct funding (FDI), establishing a strong base of financial confidence and positioning the nation as a “beacon of stability” within the face of worldwide uncertainty.
He pointed to the nation’s robust democratic establishments, English frequent law-based authorized system, trusted monetary providers business, and tax-neutral funding local weather as main attracts for worldwide stakeholders.
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“Our authorities has intentionally centered on modernizing infrastructure, digitizing public providers, and eradicating bureaucratic pink tape to boost the convenience of doing enterprise,” Davis stated. “We don’t ask buyers to determine it out alone; we work with you, from inquiry to implementation.”
To streamline funding processes, the federal government has launched a brand new Funding Promotion and Facilitation Unit housed within the Workplace of the Prime Minister, serving as a single coordination level to speed up undertaking approvals and execution.
Davis additionally addressed considerations about regulatory predictability by referencing the nation’s dealing with of the FTX digital asset collapse, a disaster that examined the energy of The Bahamas’ institutional and authorized frameworks.
“Our establishments held. Our regulators acted swiftly. Our courts operated transparently. That second turned a worldwide proof level, not of failure. Nonetheless, of resilience,” he stated.
He pointed to the Digital Belongings and Registered Exchanges (DARE) Act, handed in 2020, because the world’s first complete regulatory framework for digital belongings, noting that it has since been enhanced to additional strengthen investor protections and institutional oversight.
Wanting past conventional pillars like tourism and monetary providers, Davis stated The Bahamas is actively courting funding in renewable power, blue economic system ventures, digital innovation, logistics, and climate-resilient infrastructure.
“We need 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,” he instructed the discussion board.
He closed his handle with a name for real collaboration, encouraging buyers to view The Bahamas as greater than only a vacation spot however as a associate in sustainable, long-term development.
“In immediately’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,” Davis stated.
“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.”
