observer2 7 years ago on Minnis: Financial sector is 'dying'
Minnis: Financial sector is 'dying'
BahamaPundit, my points are valid and not a pile of crock. Please read the comments from the Bahamas Chamber of Commerce published in the Nassau Guardian this morning. Small mutual fund administrators, specialty healthcare, import/export clearing companies, equipment rental can now all be "automatically" work permitted after 14 days of not hearing from the Immigration Department.
Bahamapundit, you also don't seem to care that Bahamians are hamstrung from unencumbered access to global capital markets in order to even compete with the foreigners who are not impacted by exchange controls. But then again, like a said....the bill is made by a self serving government. The PLP is no different.
observer2 7 years ago on Minnis: Financial sector is 'dying'
Minnis: Financial sector is 'dying'
Tal you are spot on. Foreigner's will now be able to come into the Country without expressly issued work permits just because the Ministry of Immigration will never be able to issue anything in 14 days. No need for business licenses either.
Insanity is doing the same thing over and over and expecting a different result. When was the last time a foreign investment made the Bahamas better? Freeport? Baha Mar? Our Lucaya? Container Port?
Letting in thousands of foreigners will only increase the deficit because we don't have income tax. The foreigner will be using more BEC, more Water and Sewerage, more government services, more PMH for their servants (no need for them to get health insurance - PMH is free to all), more roads, more Haitians, more Bahamasair....all of which will blow the deficit wide open.
In case anyone is keeping track the deficit is increasing at a rate of $1 billion a year.
If I were a foreigner I would come to the Bahamas as well. With no income tax and subsidized electricity, water, no licenses, no regulation, open up whatever business I like, take all the fish from the ocean and have utter contempt for Bahamians.
Well_mudda_take_sic 7 years ago on Minnis: Financial sector is 'dying'
Minnis: Financial sector is 'dying'
Foreigners, perhaps like yourself, have a keen interest in all of our natural resources except our people.