Search Result for: exemption

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Tony Romo Makes PGA Tour Debut in Dominican Republic

By the Caribbean Journal staff Former Dallas Cowboys star quarterback Tony Romo hit the big leagues in another sport on Thursday when he teed off in the Corales Puntacana Resort and Club Championship on Thursday, the first-ever PGA Tour event […]

Why Apple Leisure Group is Bullish on the Dominican Republic

By Alexander Britell Another day, another new hotel project. If it seems like the Dominican Republic is dominating the hotel investment sphere in the Caribbean, that’s because it is. While the country has long been the most popular Caribbean tourism […]

A Major New U.S.-Bahamas Aviation Agreement

The Bahamas and the United States have reached a “landmark and historic agreement” which will exempt Bahamian aircraft operators from payment of overflight flees to the U.S. Federal Aviation Administration, Bahamas Prime Minister Perry Christie announced. “Under international laws and […]

Why the Caribbean Is Drawing Investment from China

Why the Caribbean is so attractive to Chinese investors By Dr Johnny Hon Op-Ed Contributor The Caribbean has been close to my heart for many years. I love the islands’ beautiful environments, their amazing people, and their rich, diverse culture. […]

How to Move to Punta Cana

It’s the most popular tourist destination in the Caribbean: Punta Cana, the beach-filled paradise on the eastern coast of the Dominican Republic. And while it’s filled with a host of great, mostly all-inclusive properties, the country’s tourism hub is also […]

How to Move to St Thomas, US Virgin Islands

It’s a dream for many — picking up and moving to the Caribbean. And every year, many people do just that. Of course, moving to any island has its own benefits and challenges — and we’re here to help. Our new […]

Cuban Cigars: This is the Film to Watch

By the Caribbean Journal It’s one of the most sought-after luxury products in the world: the Cuban cigar. But due to the decades-long freeze between the United States and Cuba, cigars have remained a seductive mystery to millions. The recent rapprochement […]

Bahamas Planning to Introduce 7.5 Percent Value Added Tax in 2015

Above: Bahamas Prime Minister Perry Christie By the Caribbean Journal staff The Bahamas is planning to introduce a new 7.5 percent value added tax, the government announced this week. The tax will be a single VAT rate across the board, […]

Jamaica’s Path to Prosperity

By Dennis Chung CJ Contributor Jamaica’s January fiscal numbers reveal a concern that many of us expressed at the start of the International Monetary Fund agreement: that achieving the primary surplus target is going to be very challenging. The numbers […]

Cayman Enterprise City Economic Zone Signs 100th Company

Above: a rendering of the future home of Cayman Enterprise City By the Caribbean Journal staff The Cayman Enterprise City special economic zone in Grand Cayman has signed its 100th company, CEC announced this week. The knowledge-based economic zone has […]

Where Do Businesses Pay the Lowest and Highest Taxes in the Caribbean?

Above: Port of Spain (CJ Photo) By the Caribbean Journal staff Last week, we launched our series on Business in the Caribbean by looking at the number of days it takes to set up a business in most of the […]

Cayman Enterprise City Courts Tech Sector in United Kingdom

Above: Cayman Enterprise City By the Caribbean Journal staff The Cayman Enterprise City special economic zone has begun a campaign to court tech and media companies in the United Kingdom. The economic zone project says it is looking for companies […]

Investing in Haiti

By Ilio Durandis CJ Contributor THERE IS nothing more important to Haiti at this moment than new investments and modernization of the business sector. However, talking about investing in Haiti is not the same thing as having direct investment in […]

The Caribbean’s 10 Best Duty-Free Shopping Destinations

It’s the best kind of shopping: when there are no taxes involved. Whether you’re looking for jewelry, electronics, fine spirits or souvenirs, duty free shopping is abundant in the Caribbean. Here are our picks for the 10 best duty-free shopping […]

Haiti and Cote d’Ivoire Sign Pair of Cooperation Agreements

Above: Haiti Prime Minister Laurent Lamothe and Cote d’Ivoire Prime Minister Daniel Kablan Duncan (Photo: OPM Haiti) By the Caribbean Journal staff Haiti and Cote d’Ivoire have signed a pair of cooperation agreements, according to the office of Haiti Prime […]

Puerto Rico’s Padilla Looking at Energy, Tourism in Economic Push

Above: San Juan (CJ Photo) By the Caribbean Journal staff Puerto Rico Governor Alejandro Garcia Padilla is looking at reforming the country’s energy policy and harnessing the potential of tourism as part of his economic push. Puerto Rico recently passed […]

Privatization of Puerto Rico’s Luis Muñoz Marìn Airport Moves Forward

Above: Luis Muñoz Marìn Airport By the Caribbean Journal staff A plan to privatize Puerto Rico’s Luis Muñoz Marìn International Airport is moving forward, following approval by federal regulators. United States Department of Transportation Secretary Ray LaHood approved the plan, […]

Bahamas, Canada Talk Aviation

Above: Canadian Ambassador Robert Ready and Bahamian Foreign Minister Fred Mitchell By the Caribbean Journal staff Bahamian Foreign Minister Fred Mitchell met with new Canadian Ambassador Robert Ready in Nassau Friday to accept the latter’s credentials. The two sides discussed […]

Haiti’s Lamothe Concludes Vietnam Trip

Above: Haiti PM Laurent Lamothe in Vietnam (Photo: OPM Haiti) By the Caribbean Journal staff Haiti Prime Minister Laurent Lamothe is returning home following the conclusion of a visit to Vietnam. The three-day trip, which included meetings with the country’s […]

Dominica Prime Minister: No Plans to Remove Valued-Added Tax

Above: Dominica Prime Minister Roosevelt Skerrit (UN Photo/Marco Castro) By the Caribbean Journal staff Dominica has no plans to remove or create an exemption for the country’s value-added tax, according to Dominica Prime Minister Roosevelt Skerrit. To do so, he […]

Turks and Caicos Passes VAT Bill

Above: the Turks and Caicos House of Assembly By the Caribbean Journal staff Acting Turks and Caicos Islands Governor Patrick Boyle has signed the territory’s VAT Bill into law. The controversial measure followed last week’s vote at a Consultative Forum, […]

IMF: Grenada’s Economy Shows Signs of Fragile Recovery, But Risks Remain

Above: Downtown St George’s (CJ Photo) By the Caribbean Journal staff Grenada’s economy is showing signs that a “fragile recovery” may underway, although “significant” downside risks remain, according to the International Monetary Fund. An IMF mission visited Grenada form May […]

Op-Ed: Taxing Jamaica’s Future

By Ramesh Sujanani Op-Ed Contributor There is no doubt that Jamaica is one of the world’s most taxed countries (in more ways than one). Nominal incomes for low-to-middle income individuals, after taking out the exemption level, (which has been revised […]

St Lucia Prime Minister Explains VAT

Above: St Lucia Prime Minister Dr Kenny Anthony By the Caribbean Journal staff St Lucia Prime Minister Dr Kenny Anthony explained the soon-to-be-implemented Value Added Tax in his budget address this week, clarifying a set of goods and services that […]

Op-Ed: Saving Jamaica’s Youth

By Kent Gammon Op-Ed Contributor There is far too much of a large proportion of youth in Jamaica that is being reared destructively. At midday on any day of the working week one only need to go to Portia Simpson […]

Interview with Jamaican MP and Former Foreign Minister Anthony Hylton

Over the summer, Jamaica approved a ban on the sale and trade of scrap metal in the country, with Commerce Minister Dr Christopher Tufton citing a “correlation between increased demand, high metal prices and the rise in metal theft.” An […]

Op-Ed: Cayman Islands Attorney General Samuel Bulgin on Ethics in Public Life

Ethics, Integrity and Accountability in Public Life By Hon. Samuel Bulgin, QC, JP Caribbean island nations are no longer solely laid back retreats for those seeking sun, sand and sea. We are world-ranked financial centres, and our tourism industries demand […]

Jamaica Tables Building Code Overhaul

A bill to establish the Building Act 2011, a sweeping overhaul of Jamaica’s building code, has been tabled in the House of Representatives. The bill would repeal to acts, both of which are more than a century old: the Kingston […]

Jamaica’s Cruise Industry Is Growing, Buoyed by Royal Caribbean and Disney