Startups in The Bahamas.

  • political climate: moderately friendly;
  • economic climate: marginally friendly;
  • regions to focus: locally, USA, Canada;
  • industries to focus: tourism, entertainment, FinTech, health-care, real-estate;
  • major limitations: stagnating economy (GDP growth rate at 0%), relatively small GDP ($9 billion), high unemployment (at 12%), high costs of living / travel, geographical isolation, limited population (under 400 thousands), shortage of qualified high-tech work-force;
  • stimulus: low taxes, a concentration of high net-worth individuals, the large expatriates community, the developed tourism industry (60% of GDP), well developed infrastructure (fixed Internet penetration rate at 90%), high-income population (per-capita at $21,000).
  • opportunities: to develop an e-business aimed at HNWI users of fixed and mobile Internet in entertainment, real-estate and health-care sectors.

--

--

Angel Investor (20+ years), Serial Entrepreneur (14+ companies), Author (> 1M views), Founder of Evernomics, 40+ Countries

Love podcasts or audiobooks? Learn on the go with our new app.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store