Investment in restaurants and other tourist-related businesses that are not in hotels — long reserved for Bahamians — has been opened for foreign investment under the National Investment Policy.
Prime Minister Hubert Ingraham detailed amendments to the policy in the House of Assembly on Monday. Previous Hotel Encouragement Act amendments have allowed for restaurants and other tourist-related businesses in areas heavily frequented by tourists but not in hotels to be open to foreign investment, Ingraham said. However, an amendment to the National Investment Policy removes the restrictions against international investments in restaurants and entertainment facilities altogether.
The ...

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