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Import to the Bahamas
The Bahamas is an archipelago of over 700 islands in the Atlantic Ocean. The region’s tech landscape has growth potential, driven by governmental aid, a robust infrastructure, and a growing emphasis on innovation. While challenges exist, the technology sector is rapidly progressing toward positive future growth.
Tax
Up to 13%
Duties
Up to 20%
Lead Times
6-7 weeks
Restricted Items
Secondhand Goods, Country of Origin Restrictions
Best Carrier Option
Freight Forwarder
Non-Working Days
Saturday, Sunday, and Public Holidays
Prominent Language
English
Export from and Import to the Bahamas
The Bahamas share maritime borders with Cuba, Haiti, the United States, and the Turks and Caicos Islands. This makes it a prime destination for trade, commanding the gateway to the Gulf of Mexico, the Caribbean Sea, and the entire Central American region. The Bahamas is also part of multiple trade agreements, such as the Caribbean Basin Economic Recovery Act (CBERA), which increases trade and fosters a dynamic economy.
The Bahamas has a high economic outlook and performance, and is open to trade, with 80% of its GDP coming from trade relations. The government has also implemented various plans and initiatives to transform the country into a “global digital assets hub.” The customs department has further implemented an initiative called “Click2Clear,” an online platform enabling importers to access customs through a single point, allowing greater efficiency.
Population
0.403 M
Biggest Industry by Export
Textiles
Capital City
Nassau
Biggest Industry by Import
Machinery
Specialized Solution for the Bahamas
We have years of expertise managing tech exports and imports to more than 200 destinations. Our experienced team possesses deep knowledge of the nuances of Bahamas trade compliance, ensuring our clients receive the highest service and support. Our Delivered Duty Paid solution covers the whole import process, removing the seller’s burden. It ensures the clearance of goods, import formalities, and calculation of all duties.
Although the Click2Clear electronic single window helps facilitate trade, you must still obtain the correct documentation to register. We can help by gathering all necessary information and ensuring all regulations are in place for successfully importing goods.
Unique Pain Points for the Bahamas
Importing and exporting goods in the Bahamas involves strict permits and various compliance requirements that one must navigate. These regulations are designed to ensure the safety and quality of goods entering and leaving the country, protect intellectual property, and promote fair trade practices. When non-compliant with these, delays, penalties, seizure of goods, and criminal sanctions may all be implemented.
The Bahamas also has considerably high tariffs, which add extra costs and hurdles when dealing with imports. TecEx is continuously updated on tariffs and can help navigate all shipments through any changes, finding the best possible solution.
The region encounters various infrastructural challenges, which are primarily accounted for by frequent natural disasters that disrupt the supply chain, making importing into the Bahamas increasingly more risky.
Countries Associated with the Bahamas
Asia
China
North America
The US Virgin Islands
Navigating the Specific Compliance Regulations for the Bahamas
Liability Cover
With the risk of infrastructure damage due to natural disasters, TecEx Liability Cover will remove all added stress. If anything goes wrong, our Liability Cover service will cover the value of goods during the transportation process into the Bahamas from start to finish. TecEx also highly monitors Supply Chain Risk management by identifying, mitigating, and monitoring all risks within the supply chain during imports into the Bahamas.
Customs Clearance
Importing into the Bahamas requires various customs documents. This includes Commercial Invoices, Packing Lists, and Import Declarations. The information on these documents must be accurate and precise to avoid delays and financial penalties.
We also have various warehousing hubs worldwide, including the TecEx Miami Hub. We use these hubs when necessary to ensure the most efficient and effective import into the Bahamas while still taking care of and handling all customs clearance.
Your global trade solution for the Bahamas
Fill in the form to get in touch with us, and our experts will contact you with customs compliance solution for the Bahamas to suit your needs.