Business
Haiti open for business: targeting up to $600 million in foreign investment in 2013
Haiti is offering a variety of incentives for foreign businesses, including a 15-to-20 year exemption from income tax.
There is also no capital gains tax or stamp tax.
The BCCEC has remained vocal concerning collaboration between the economies of the Bahamas and Haiti.
The chairperson of the BCCEC has called for the end of the embargo on agricultural goods, arguing the food bill for both countries can be drastically reduced if the proper safeguards are in place.
“The government of the Bahamas should put in place its own inspection protocols and expedite the removal of these restrictions. Ending the embargo will not only reduce the cost of products of Haiti imported into The Bahamas and improve trade, but taking it to a logical conclusion, it might help the economy of Haiti and our relations with Haiti by improving commerce,” Cooper explained.
While Ambassador Mevs acknowledges these particular opportunities, he highlighted the importance of the construction sector as well. There are over 10 million citizens of Haiti in the country, he noted, and the economy is poised to grow 5 percent each year.
