Bahamas IP: Trademarks, Patents, Industrial Designs, Copyright and Domain Names

Bahamas IP: Trademarks, Patents, Industrial Designs, Copyright and Domain Names

The Bahamas, officially the Commonwealth of The Bahamas, is an independent, English-speaking country consisting of 2,387 rocks, 661 cays and 29 islands. It is located in the Atlantic Ocean southeast of the United States; northeast to east of Cuba, Hispaniola (Dominican Republic & Haiti) and north to east of the Caribbean Sea; and west to northwest of the Turks and Caicos Islands. The closest island to the United States is Bimini, which is also known as the gateway to the Bahamas.

The climate of the Bahamas is subtropical to tropical, and is moderated significantly by the waters of the Gulf Stream, particularly in winter. The Bahamas is classified as an upper middle-income developing country and has the third highest per capita income in the western hemisphere (after the United States and Canada).

Tourism is the primary economic activity, accounting for about two thirds of the gross domestic product (GDP). Offshore finance is the second largest industry, accounting for about 15 per cent of GDP. The government continues to promote tourism and financial services while aiming for greater diversification through agriculture, fishing, manufacturing and e-commerce. There are no income, corporate or capital gains taxes. Government revenues are derived from import tariffs, excise taxes, property taxes, stamp taxes, business licenses and fees.