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The 7 Best Places to Visit in the Bahamas

The 7 Best Places to Visit in the Bahamas

The Bahamas chain of 700 islands is located in the Atlantic Ocean. This destination is a paradise for all beach...

Impact Of Covid On The Bahamas

Impact Of Covid On The Bahamas

Though the world is opening, and coping with the speed, the pandemic has shifted our approach. The priorities have changed,...

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Why are the Bahamas Looking Towards Blockchain?

Why are the Bahamas Looking Towards Blockchain?

Bahamas government is taking various steps to boost the local jobs and the economy. Since the country is known for its excellence among the Caribbean countries, it is looking forward to being the silicon of the Caribbean. In this regard, the country aims to make the nation a technology hub and integrate blockchain. Whether that’s the domestic or the international investors, it is looking forwards to make the country the blockchain hub in the region.

Technology is one of the best to come in the modern age. The country views blockchain as the technology of the future and as it has already been adopted by various technology companies, a sizeable investment will not go to waste. In addition to that, the government intends to make technology another factor of the economy, and help it to diversify it. It will not just bring innovation, but create more jobs, and assist the government to lessen the unemployment rates in the country.

Why are the Bahamas Looking Towards Blockchain?

Since the new technology will need new innovative workers and technicians, the young people who leave the country to seek jobs elsewhere can find them at home. This will generate more income for the region, and a sense of security for the young people.

In this regard, the reports are that Freeport can be this hub of the new technology. It’s the second largest of the country islands, which also has a bustling business environment. In addition to that, the country’s favorable laws in taxation, and income tax are some of the best reasons that will appeal to the investors. In this case, the preference will be given to those who choose the Bahamas as their center for their data centers and allow the operation from there. Though the consensus hasn’t been reached on various things, it appears as the country is on the fast-track mode.

In addition to that, the Bahamas will also diversify and make lenient its various legislator framework to facilitate the industry smoothly. In matters of the Visa, the country will offer a fast-track visa process that makes it more convenient, and easier for those coming to invest in the region. In addition to that, the government of the country will also be sponsoring the students that are interested in studying the IT sector. The efforts are already in place to promote blockchain-based companies. Besides that, it will also serve as a bridge to introduce the country’s digital currency. Since this is the technology that will be used to transact the digital currency.

Why are the Bahamas Looking Towards Blockchain?

The government intends to make sure that the service costs can be reduced to offer the Bahamians the best banking experience. Since the population is scattered across the 21 islands, banking services become scarce. So, in this case, the adoption of digital currency and the blockchain will be a boon. In addition to that, the reduction of cash is likely to reduce money laundering as well as other illegal financing activities.

Why The Bahamas Is A Great Destination For Visiting

Great Destination

There’s a lot that one can do in the Bahamas. There are hundreds of islands that need to be mapped for a perfect trip. However, budgetary expenses are something that must be kept in mind while planning. So, in this case, the shopper will do better if they plan the trip thoroughly. So, there’s no need to decide anything in a rush, but with caution, and preparation. You will never run out of enjoyment. When it comes to the weather, it is known for a lot of diversity. Where there is the sunshine, there’s also the rain, but there’s nothing to be concerned about as the country offers you various things to enjoy.

Why The Bahamas Is A Great Destination For Visiting

There are duty-free goods or markets that one can check out. In addition to that, what’s best than to check or sit by the pool if one is in a resort. There are also cultural activities that are happening in the town. There are also spas, cold pools, and also many resorts that are the best to rest. The country will keep you on your toes, and you will find an excuse to rest. In addition to that, seafood is something that has a unique reputation. Enjoy and relish the best seafood in the country with a lot of varieties. Whether you are looking for a classic or something with a twist, Bahamas has everything that you will love. Across the 700 islands, there’s a lot to explore and have fun. Every island will offer you something unique, and different. There are beaches and foods that you won’t be disappointed with.

Besides that, you can also hire boats to take you across the islands. That alone makes it more exciting. However, if you’re more into finding time to reflect, then the miles of beach in the Bahamas are just for you. You have plenty of islands to explore, and there is a lot to explore for inner peace. You should make the smaller island your preference as they have a low number of people, and you can find the space that you’re looking for. There’s also a great opportunity to see the aquatic life. You can take a guided tour in the country that will offer you an excellent chance to witness some of the exquisite sea creatures. There are dolphins, sea turtles, and sharks for a start. There are a lot of ways to reach the country, however, you can also take the direct way. But whatever you decide, there’s no stopping the fun.

Why The Bahamas Is A Great Destination For Visiting

It’s equally important to mention that you must understand the country’s pandemic rules. Since the Bahamas is battling with the pandemic, and it’s necessary to scan people, some restrictions have been put into place. You will need to make sure that you are vaccinated, or at least have the negative RT-PCR results with you. This will be instrumental in obtaining the visa from the embassy.

New Customs Fee On Hold, Ministry Of Finance

New Customs Fee On Hold, Ministry Of Finance

In a recent set of developments regarding the customs, the government announced yesterday that there will be a temporary revocation of the Bahamas Customs Department processing fee. The fee was approved in the 2021/2022 budget. The developments come there has been an allegation of misconduct, and the processing fee is extracted from the inaccurate practices.

In further explanation, the government said that there will be a processing fee levied on the goods when they enter the country. In addition to that, the fee was put in place to support the customs department, however, with the unfair practicing approach, it has been levied, and altered.

New Customs Fee On Hold, Ministry Of Finance

The representative further stated that the fee will be levied on the individuals that declare the taxable goods on the C17 and C18 forms as well as the baggage declarations. Commenting on the errors that have happened in the past, Comptroller of Customs Dr. Geannine Moss said that the fee that has been charged to the people due to unfair means is being rectified.

He further said that the fee is being collected by the customs department and then deposited in the treasury. “We are mindful that some have been charged unfairly, and we will make the provisions for the rectification. The representative further said that while the fee was being lifted, they were making sure of the training, and its proper implementation. In addition to that, those coming into the country can declare their goods online, and pay for them. In this regard, the ministry of finance had introduced the Exempt App that will allow the people to declare and pay for the fees electronically.

The fee will either be charged electronically or at the manual entry point. However, the earlier lack of information led to some people being unfairly charged. In this regard, the ministry had made sure to take the steps to rectify the errors, and made sure that the new approach is better. The electronic app will allow the users to declare, and pay the amount without any hassle. Further in reaction to the app, the ministry sought information about the app, they said “The app was approved and proposed by the Customs Department New Providence”. Though the previous usage of the processing fee threw the public into a pickle, this time the ministry seeks to make it more convenient. In this regard, proper training will be provided, and educating the public will be the priority.

In addition to that, electronic payment makes the payment more appealing as the people entering the country can download the app, and make the payment. However, the payment can also be accepted at the manual entry point. Ministry seeks to make the process as smooth as possible, so in this case, as the fee is being suspended, the administration will be investing in educating and training the staff as well as the public regarding the fees, and how to approach it in the best possible way to avoid any embarrassing situation.

Travel Restrictions That You Will Experience In Bahamas

Travel Restrictions Experience In Bahamas

The Bahamas is one of the exquisite tourist destinations, however, the current pandemic has wreaked havoc on the current inflow of the tourist. Though the country is accessible to international tourists, there have been certain limitations in the country to flatten the curve.

In a UN report, the Bahamas was one of the countries that were warned about the drastic impacts of the pandemic on the economy. The report went far as warning that there can be economic chaos in the country. However, this has been avoided by the government that made sure that there were innovative steps to assess the situation. In this regard, the unemployment benefits to the citizens have been a boon to the population. This was lauded in a World Bank report that placed it on the top of the Caribbean nations.

Travel Restrictions Experience In Bahamas

The nation is open for the touristy crowd, but there are various kinds of restrictions that have been placed. In matters of crowded places, the visits are required to maintain the necessary protocols to ensure that the pandemic is kept in check. Various countries have advised their citizens to maintain utmost caution while visiting any country, and in this case, the government of Bahamas has also offered assistance and information.

The tourists are advised to be vaccinated so that they can be exempted from the on-arrival tests. However, in case of no vaccination, the RT-PCR negative results can be used to get a Health Visa from the Embassy.
The visitors are required to go through the test three days before arrival in the country. In addition to that, the country has launched the Clean and Pristine certification program that entails hygiene, sanitation, and health monitoring at various public spaces such as checkpoints, as well as hotels. These also include cleaning and social distancing protocols. The face masks are required, and in absence of that, the violation may attract a fine of $250, or jail time.

Travel Restrictions Experience In Bahamas

Though the inflow in the hotels has decreased due to the pandemic, the administration has made sure that the testing facilities are available in the hotels as well. In this regard, if a tourist is sating for more than four nights, they will be required to go through Covid testing on the fifth day.

Travel Restrictions Experience In Bahamas

The results will be delivered in 60, or fewer minutes. In addition to that, there is a limit of people entering the shops, or in a public space. Furthermore, those entering the country can declare the goods that they’re bringing electronically, and pay for them. However, the payments can also be made at the manual checkpoints. The development in the public parks and the covid-centric response of the government will certainly be a boon in handling the issue at hand. As the world is opening up, the country is set to receive tourists, given that the nation generates more than half of its GDP from tourism.

Education Minister Brushes Aside Union Strikes

Education Minister

Commenting on the operation of the schools in the country, the education minister Jeff Floyd has said that he wasn’t concerned about the comments made by the Bahamas Union of Teachers President Belinda Wilson who said that they will take an action on the inability of the schools to operate, or if there is a delay in the increments.

The comments came after the reports of the BUT president sending the voice notes to teachers inquiring about the operation, and readiness of the schools. In this regard, the minister said that they are yet to receive a reply from the Union regarding the assessment due to the Covid situation in the country. The minister said that the schools are set to open from August 23 for teachers, councillors, as well as other staff. He further stated that he has received nothing in writing to comment on the issue.

“I have been informed of the meeting that is expected to take place. I’m waiting for the details” she further added. In addition to that, the minister said that the mismanagement, and the lack of communication between the education officials, and the union has further led to the confusion of the operation of the process. It has led the teachers to be apprehensive of the return to the schools as far as Covid is concerned.

Education Minister

Commenting on the reaction of the staff when the schools aren’t ready, the minister advised the teachers to not enter the schools, but remain outside the school, maintaining the social distancing just in case the schools aren’t ready. In further relief regarding the increments, Wilson said that she has received the details about the increments and the payments will be made this month. She further said that if the demands aren’t met, then they must be ready with the industrial action regarding it.

However, Mr. Lloyd stated that he wasn’t concerned regarding the comments and that the schools will be operating from this month. The schools on the island will start the offline classes whereas the others will be having the blended learning in place due to the Covid-19 situation, he further added. Pointing towards the strategic plan of 2020/21, Lloyd said that the same plan remains in place for this year as well.

He further commented on the operation of the schools on the island and said that face-to-face learning will take place on the southern island.

Education Minister

“Islands, where there is a spike of Covid, will be required to go through the blended learning. I have said it, and I don’t understand why it’s not understandable, but I understand, and we have been in communication with the authorities” He added. authorities.”

He further said that the health authorities have taken precautionary measures to ensure the operation of the schools. To avoid the loss to the students, the minister said “We have had the programs for the summer for the previous year students, and same instructions will be in place as well. The prescriptions have been instructed that you must maintain the social distancing, mask up, 12Sq Ft. distance. There’s nothing new in how we are about to conduct the upcoming school year”

Health Minister’s Assistant And Driver Give Back The Payments

Health Minister’s Assistant

NASSAU, BAHAMAS — The honorarium payments to the personal assistant and the driver of the health minister had created an uproar, however, the Ministry of Health Reward Wells has confirmed that the pair has returned the money at his request. He further rebuked the social media saying that the pair were issued $1,158.40, and not $5000 that had been doing rounds on the social media. In addition to that, he also stated that he didn’t receive an honorarium, and a selected committed decided who got the payments.

“Today, I have asked both my driver and personal assistant to return the payment that was given to them by the government,” he said. “My brothers and sisters, I would like to say that I made no recommendation on the honorariums” he added.

Furthering commenting on the separate committee that oversaw the selection he said

Health Minister’s Assistant

“The names of the persons that received an honorarium were recommended by a separate committee”
“The committee had to make the decisions on the criteria that have been set for those who volunteered for the March 19 to June 18, 2020, and for those who later joined the fight in the ministry of health”.

In addition to that, he further said that he will ask the cabinet to get the list reconsidered, He will take the list of the people who were nominated to receive the honorariums for the cabinet to review. These developments come as the healthcare workers who were left out from the list of the honorariums called in sick on Monday that affected healthcare services across the institutions.

It’s to mention that the government had approved honorarium and death benefits of $1,040,600. Out of these funds, $400,000 were approved as death benefits for the representatives of the workers who passed in the line of duty and $640,600 who volunteered in the first wave of Covid. In addition to that, Wells said that those who joined the fight later were also to be compensated. In this regard, the government had approved an additional $3Million in the 2021-22 budget to cover 1700 healthcare workers.

The minister further said that the government distributed $200,000 in death benefit to the families of Nurse Sherrilyn Charlton-Bain and Marion Burrows-McKinney to assist their families and honor their courageous work in the field. Commenting on the issue, the minister said,
“Once the legal formalities have been done, the government of Bahamas will be issuing two more cheques to the two more families that are remaining”.

He further commented on the payments being dispersing. As of August 3, according to the minister, the payments began to 308 doctors, 644 nurses, 111 emergency medical services staff, and 669 non-clinical staff. This also includes laboratory technicians, clerical, transport, administrative, security, and other staff. The minister in further appreciation thanked all the frontline and non-front line workers for their contribution and assistance in helping to fight the virus. The comments of the health minister taking the names to review come as many workers left out are calling sick to protest.

Know About Buying Property In The Bahamas

Know About Buying Property In The Bahamas

Working in the Bahamas is something that has no replacements. The sandy beaches and the exquisite islands will appeal to anyone. However, when it comes to the property, there are a lot of factors that need to be understood. Investing in any country needs thorough research, and when it comes to the Bahamas, it has more than enough opportunities for you to invest in a lot of sectors. The country attracts millions of tourists in a single year, and this continues to rise. In addition to that, the policies of the country are favourable to the investors, and they have access to financial institutions as well. The country offers benefits to the investors in terms of taxation laws and is one of the factors that has led to its investing popularity.

In the case of the rentals of the properties, there are two kinds; common and short-term. This will cover the holiday as well as the vacation. For a start, the tenant will be required to pay the security deposit, the first-month advance, and the last months. However, the terms can be negotiated between the tenant and the owner under mutual terms. There are no government regulations, and the agreement is more pro-tenancy. In the case of the tenancy in sufferance, the landlord can have the police called, and that doesn’t even require the court order.

International Persons Landholding Act

Know About Buying Property In The Bahamas

For foreigners who are looking forwards to invest in the country as well as rent out their property, they will need to register their property with the Bahamas Investment Authority. It will include various kinds of fees that will be required to pay.

The application fee is $25, the application for a permit is $25, and you can get the permit for $500. However, there is a variety of fees for the certification of registration. For lesser than 50k, or equal, you will need to pay $50. If that’s between $50k – 101, then a fee of $75. More than that will have $100. The category of the permit will determine the fees that will be levied and required to pay.

In addition to that, the homes that are owned by the foreigners will need to apply for a permit to operate on a rental basis. Some taxes will be levied, and they are as follows:

If the property is between $250K and 500k, then a tax of 0.75, however, if the market value is lesser than $250k, it will be exempted. Properties that are above $500k, will need to pay 1%. In addition to that, an additional 10% of the hotel guest tax will be collected from the tenants of each room.

Know About Buying Property In The Bahamas

Taxes when you are purchasing a home:

• Whether the property is being bought or sold, stamp tax, as well as value added tax, will need to be paid. This is as follows:
• On Real Estate: 2.5% Stamp Tax.
• If the transaction is over $100,000: 7.5%
• 7.5% will also be charged in services including appraisals, commissions, and other kinds of mandatory legal fees.

Expanded Animal Science Program

Bahamas Animal

The government of the Bahamas is making sure that the country’s commitment to education and science is prioritized. In this regard, the state has taken some drastic steps to up the education in the country. In addition to that, the government has taken aggressive measures to adopt modern technology, and invest in researches that further lead to the upliftment of the area. In this case, the students of the Bahamas Agriculture and Marine Science will have a different topic added to their school menu. These will be the eggs that are offered by the chicken grown at BAMSI.

Bahamas Animal

Commenting on the step, DR. Raveena Hanna said that the addition to the menu will add more to the knowledge of the students as well as it will make the cafeteria choices more delicious and add a twist to the menu. In addition to that, the BAMSI was given 115 Brown Chicken in May by the ministry of agriculture and marine resources. It’s equally important to mention that the ISA chicken that was given by the ministry is a variant of the Rhode Island red chicken that is sold commercially.

Bahamas Animal

Ms. Roberts further commented and said that the addition will further diversify the syllabus, and allow the teaching of animal science. She said that the administration is currently teaching animal science, and in that case, it will be great to have all kinds of animals on the farm. Besides that, the eggs will be added to the mean as well. It will promote a healthy lifestyle, and in case of excess, it will be sold to the community.
“They will not require to buy the eggs for the cafeteria, and eggs will offer the students a chance to educate research, and train” she further added.

Bahamas Animal

In this regard, Assistant Director Andrew Pinder said that the ministry is intending in providing baby chicks to those who are included with the table egg production. The BAMSI farm administrator Lennie McDonald also said that he had been busy preparing for the arrival of the chicks. He said that the chicken house has already been constructed, and the administration is busy in constructing the water bins for drinking water.

He further said that they had a lot of materials, but they had to make sure that it was safe to proceed. According to him, the chicks will occupy a quarter of the building until they increase in numbers. He said that they are proceeding. With the end of this week, they will have the chicks moved from the current location to the house that is built for them. This will make it convenient as they will have the water source, and lightning is being taken care of. He also said that they were very excited to jump into the poultry, and how the eggs can be produced. He called it something big for the BAMSI.

Traveling In The Bahamas Can Be Affordable

Traveling In The Bahamas Can Be Affordable

The Bahamas is known for its islands and exquisite scenes that you won’t get elsewhere. The country has a reputation among the world for offering you the best that you can get. However, in the past few years, the country’s luxurious reputation has been increasing. It has also been part of various movies, and campaigns. The government of the country takes drastic steps to make sure that the nation attracts a sizeable number of tourists everywhere. However, in this case, there has been a setback in the last two years due to the advent of the pandemic. In this regard, the government has taken some drastic steps to assess the situation.

Traveling In The Bahamas Can Be Affordable

 

In addition to that, the country sets out to be an appealing destination for every kind of traveller. Since there is a diversity in cultural and historical places in the country, the trip can be a little expensive for people with a low budget. This can start from 80USD and up to 200$ per day. Since there are 700 islands in the country, then it will surely be a luxurious ride. However, the trip can be planned in a better way, and various ways will cit the price in the island. After all, we a4e talking about the Bahamas where there is no dearth of doing things.

Traveling In The Bahamas Can Be Affordable

In addition to that, it will also depend on ion the itinerary of the tour, and how they approach the trip. The money has to be managed, and the expenses have to be planned. So, before one embarks on the trip, the planning needs to be done. This will also include the amount that is required to reach the country. In addition to that, the country will require you to go through a lot of health protocols, and made sure that you aren’t infected with the virus. So, the visitors will be required to produce the vaccination documents or the negative RT-PCR results to apply for a health visa. Besides that, the government has made sure that the covid testing can be carried in the hotel property as well. In this regard, the properties have been asked to make sure of the execution.

Traveling In The Bahamas Can Be Affordable

Furthermore, the tourists are also required to buy health insurance during their stay in the country, and the covid testing will be covered by that. Keeping all the imports and expenses in mind, the trip to the Bahamas can be made a little cheaper. There are various things that you can do in the country. These include Atlantis Island, seeing the exotic wildlife, the straw market, woodworking, Queen’s staircase, or Spray fountains. The experience is mesmerizing, and you will be offered a trip that will be unique. You can also find the appealing, and excellent resorts that you will book. On top of that, the indigenous cuisine will be something that you will relish as the country has a huge variety of exquisite food choices, and mouth-watering dishes to enjoy.

Bahamian Policies Regarding Tourism

Bahamian Policies

The Bahamas is known for its exquisite touristy destination and an experience that can’t be replicated. Of late the government has been investing a lot in excelling the industry in the country and attracting the crowd to the nation. However, there has been certain set back in the last two years, especially the advent of the pandemic. This has not only shifted the priorities but as well as exposed the vulnerabilities of the industry. The country generates 40% of its economy from the tourism industry. It attracts an average of US$1.3 Billion from the more than three million of the visitors that head towards the country. The industry has been seen growing in the last couple of decades, especially after 1995 when the average hotel occupancy by the tourists increased. In addition to that, the country has been listed as the most popular destination in the world, and it also ranked number 8 in 1994. Not just fr0om North America, but the tourist come from various regions such as Western Europe, South America, Japan, and South Africa.

Bahamian Policies

Besides that, the country maintains a favourable growth rate among the neighbouring nations making it an appealing cruise ship destination. Though the Covid-19 restrictions have made the country go on a backtrack, as the world opens up, the government of the country is taking all necessary steps to make the country ready to host the tourists. In this regard, certain limitations have been removed as well as the process has been made smooth. In addition to that, the customs are much better now, and the administration makes sure that there aren’t any unfair charges. On top of that, the electronic medium for the payments for those coming in the co0untry makes it more convenient.

Bahamian Policies

Regarding the government hotels, they have mostly been privatized to increase, and excel services compared to the 92 when the government of Bahamas controlled and operated 20% of the hotels. These including various popular names such as Ambassador Beach Hotel and the Royal Bahamian Hotel on New Providence. International investors have been invited to furnish and operate the properties, such as the Italian, Danish, and others. state ownership has dropped to 5%.

Besides that, the government has exempted the companies investing in hotel development from the property tax. The policy has been in place since 1989, and this has led to exponential growth in the sector. The lenient policies and excellent approach to the industry have allowed the nation to develop the sector. To further boost the economy, and attract tourists, the government has taken more aggressive steps, that intend to develop the infrastructure in the country. This includes:

Bahamian Policies

• The developments, and upliftment of the public parks, green zones, and the international airport.
• Investing in the development of the roads, water systems, harbors, and public property in general.
• Electrification, and enhancing modern communication in the country.
Though there is a lot to be done in the country, and the current issue of the pandemic has put a lot of things on hold, the expectations of the country were high.

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