Bahamas, The

Ease of Doing Business in

Bahamas, The

This page summarizes Doing Business 2015 data for the Bahamas. The first section presents the Ease of Doing Business rank (out of 189 economies) and the distance to frontier (DTF)** measure, overall and by topic. The second section summarizes the key indicators for each topic benchmarked against regional averages.

Economy Overview

Region Latin America & Caribbean
Income Category High income
Population 377,374
GNI Per Capita (US$) 23,489
City covered Nassau
Doing Business 2015 Rank Doing Business 2014 Rank*** Change in Rank
97 96 down -1

Doing Business 2015 DTF** (% points) Doing Business 2014 DTF** (% points) Change in DTF** (% points)
61.37 61.07 down 0.30
Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

Starting a Business


The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2015 Rank 95 DB 2014 Rank*** 88 Change in Rank down-7
DB 2015 DTF** (% points) 84.12 DB 2014 DTF** (% points) 84.10 Change in DTF** (% points) up0.02

Information on new business density and number of newly created firms with limited liability can be found at Entrepreneurship Database.

Indicator Bahamas, The Latin America & Caribbean OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

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Procedures (number)
7.0 8.3 4.8

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

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Time (days)
23.5 30.1 9.2

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

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Cost (% of income per capita)
10.2 31.1 3.4

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

View methodology
Paid-in min. capital (% of income per capita)
0.0 3.2 8.8
No. Procedure Time to Complete Associated Costs
1 Search for a company name and reserve the proposed name online Less than one day (online procedure) no charge
2 A lawyer prepares and notarizes the company documents (memorandum and articles of association) 1 day on average Usually about USD 650 (USD 100 to public treasury + USD 550 register of company)
3 Stamp duty on the memorandum paid to the Public Treasury 1 day USD 100 stamp duty is payable on the first USD 5,000 authorized capital of the company and USD 5 for every additional USD 1,000 authorized capital
4 File the company documents at the Companies Registry 10 days USD 300 for the memorandum + USD 30 for the articles of association + USD 4 (per page) for a copy of the memorandum and the articles
5 Obtain the National Insurance Number from the National Insurance Board 1 day no charge
6 Register the company for a business license at the Valuation/Business License Department of the Ministry of Finance 10 days USD 100 (flat fee)
* 7 Obtain a company seal 2 days on average (simultaneous with previous procedure) USD 35
  * Takes place simultaneously with another procedure.

**The distance to frontier score shows how far on average an economy is at a point in time from the best performance achieved by any economy on each Doing Business indicator since 2005 or the third year in which data for the indicator were collected. The measure is normalized to range between 0 and 100, with 100 representing the frontier. Read more...

***Last year's rankings are adjusted. They are based on 10 topics and reflect data corrections.

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