What are the requirements for a New Annual Business?
•    Proof of Bahamian Citizenship (Valid passport) or permanent residency with right to work.
•    Approval from the Bahamas Investment Authority for non-Bahamian and foreign owned companies.
•    Certificate of Incorporation (with proof that shares are 100% beneficially owned by Bahamians); receipt of current company registration or Current Certificate of Good Standing.
•    National Insurance Board (N.I.B.) letter of good standing along with copies of owner’s personal N.I.B. cards.
•    Lease/rental agreement or proof of ownership of property (copy of conveyance) for office Space along with approvals from:
a.    Department of Physical Planning (zoning).
b.    Ministry of Works/Building Control Section (inspection) and;
c.    Department of Environmental Health.
d.    Police approval (for sale of alcoholic beverages and music & dance activities).

NB: It should be noted that the above requirements are needed for all businesses; however, additional requirements are needed for regulated businesses, for example attorneys and custom brokers.