Establishing a business in the Bahamas – A guide for Non-Bahamians
All non-Bahamians/Foreign investors seeking to do business in The Bahamas must obtain prior approval from the Bahamas Investment Authority (BIA).
The Bahamas Investment Authority (BIA) handles foreign/non‑resident investment approvals and concession applications.
The BIA’s Project Proposal Guidelines list the type of information and documentation that investors should provide when submitting proposals, consistent with the National Investment Policy. The government generally views more favourably proposals that prove adequate financing, demonstrate investment experience, create local employment and support overall economic development.
If you’re a non‑Bahamian or permanent resident wanting to start a business in The Bahamas:
- You must submit a Project Proposal to the Bahamas Investment Authority (BIA).
- Minimum capital investment: BS$500,000.
- The business must not be in an area reserved for 100% Bahamian participation.
The BIA will process the application and submit the same to the national Economic Council for determination.
Industries Reserved for 100% Bahamian Ownership
As per official BIA guidance, the following business areas are reserved for Bahamians only, meaning foreigners cannot invest unless special exemptions are granted (rare and usually involve a Bahamian partner):
- Wholesale & retail operations
- Real estate brokerage and property management
- Restaurants (including fast food and cafes)
- Nightclubs and bars
- Domestic newspaper and magazine publishing
- Security services
- Small-scale farming
- Landscaping
- Auto and appliance repair services
- Import/export businesses involving local consumer goods
- Domestic transport (taxi, buses, ferries)
- Beauty salons, barbers, and spas
- Construction and maintenance services (general contractors, electricians, plumbers)
However, in some cases, if your business falls into these sectors but is large-scale or offers significant benefits (e.g. employment, technology, Family Island development), the government may consider exceptions—especially with a strong Bahamian partnership.