Markets

Ingraham Modifies Foreign Investment Restrictions, Residency Requirements

By: Caribbean Journal Staff - April 20, 2011 - 9:29 am

Restrictions preventing foreign investment in restaurants and entertainment facilities have been lifted by Bahamian Prime Minister Hubert Ingraham, who also announced a new minimum dollar requirement for foreign direct investment. The prime minister attributed the changes to a series of developments over the past several years. The changes also include the provision that persons who purchase homes in the Bahamas in order to obtain accelerated consideration for permanent residency must pay at least $1.5 million for their homes. [Nassau Tribune]

The Caribbean’s Hottest New Restaurant Is at a Centuries-Old Fortress in St Kitts

It’s one of the most stunning locations in the Caribbean: Brimstone Hill, the towering fortress in the mountains of St Kitts, a centuries-old UNESCO World Heritage Site. And now it’s the home of the hottest new restaurant in the Caribbean. […]

Jamaica Just Got an Upgraded US Travel Advisory: “A Great Step Forward”

Last year’s US Travel Advisory led to a slowdown in tourist arrivals to Jamaica. But in what’s hoped to be a major shift, the US State Department just upgraded Jamaica’s rating. Jamaica’s travel advisory has improved from Level 3 to […]

Martinique: The Caribbean Island Most Americans Still Overlook

caribbean island american's haven't discovered

The beaches. The food. The rainforests. The bakeries. The art. The Caribbean island of Martinique remains one of the great undiscovered destinations in the region for American travelers, and now it has regular flights this summer from Miami. Americans, you […]

Bahamas Expanding Health Care Network

Above, from left: Health Minister Dr Hubert Minnis and Prime Minister Hubert Ingraham (BIS Photo/Patrick Hanna) By the Caribbean Journal staff The opening of the new Inagua Community Health Centre in Matthew Town, Inagua is part of a number of […]

Bahamian PM: I Will Protect Atlantis Jobs

Above: Bahamian Prime Minister Hubert Ingraham (BIS Photo) By the Caribbean Journal staff With Nassau’s Atlantis resort in limbo after investment firm Brookfield Asset Management canceled its decision to take control of the resort in November, Prime Minister Hubert Ingraham […]

Bahamas Bids Farewell to US Ambassador

Above: Bahamian Foreign Minister Brent Symonette, US Ambassador Nicole Avant and Robin Symonette (BIS Photo/Kris Symonette) By the Caribbean Journal staff The Bahamas is bidding farewell to US Ambassador Nicole Avant, who has completed her two-year term and will be […]