{
  "url": "https://openlegislation.uk/eu-decision-2010-669/annex/division-ANNEX",
  "json_url": "https://openlegislation.uk/eu-decision-2010-669/annex/division-ANNEX.json",
  "legislation": "eudn/2010/669",
  "legislation_title": "Council Decision of 27 September 2010 on the position to be taken by the European Union in the Joint CARIFORUM-EU Council established by the Economic Partnership Agreement between the CARIFORUM States, of the one part, and the European Community and its Member States, of the other part, with regard to the amendment of Annex IV to the Agreement by incorporating the commitments of the Commonwealth of The Bahamas (2010/669/EU)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2010-669",
  "path": "annex/division/ANNEX",
  "kind": "division",
  "number": "ANNEX I",
  "heading": null,
  "text": "‘Appendix to Annex IV E — The Bahamas\nDoes not include operation of electricity transmission and distribution systems on a fee or contract basis, which are to be found in ENERGY SERVICES.\nDoes not include transportation of natural gas and gaseous fuels via pipelines, transmission and distribution of gas on a fee or contract basis and sales of natural gas and gaseous fuels, which are to be found in ENERGY SERVICES.\nDoes not include transmission and distribution of steam and hot water on a fee or contract basis and sales of steam and hot water, which are to be found in ENERGY SERVICES.’\nSector or sub-sector\nDescription of reservations, limitations or exclusions\nALL SECTORS\nExchange control\n1.\nResidents need to obtain approval by the Central Bank to operate foreign currency or Bahamian dollar accounts and to acquire foreign currency assets, pursuant the Exchange Control Regulations Act and Finance Regulations. Non-residents have a right to operate foreign currency accounts.\n2.\nResident juridical persons may receive approval to operate foreign currency accounts to cover expenses directly incurred in foreign currency. Both non-resident juridical persons and foreign nationals may be approved to operate Bahamian dollar accounts to satisfy recurring expenses in Bahamian dollars.\n3.\nAll applications for the above-mentioned exchange control approvals must satisfy the requirements of The Bahamas’ National Investment Policy in terms of the sectors and activities in which foreign investments are permitted.\n4.\nFor the purposes of exchange controls, a “resident” is either a citizen of The Bahamas, or a licensed juridical person, either foreign or domestic-owned, that is permitted to engage in transactions with other residents. A non-resident is either a foreign national or an juridical person that is not permitted to do business with residents, irrespective of whether a physical presence in The Bahamas is maintained.\nLand holding\nForeign persons and juridical persons wishing to acquire real estate for commercial purposes must apply for a permit from the Investments Board. Foreign persons or juridical persons intending to acquire more than two contiguous acres of land for any purpose must obtain a permit from the Investments Board.\nInvestment\nThe Bahamas prohibits the exploration, exploitation and processing of radioactive materials, the recycling of nuclear fuel, the generation of nuclear energy, the transportation and storage of nuclear waste, the use and processing of nuclear fuel and regulation of its application for other purposes, as well as the production of heavy water.\nInvestments by foreign persons, with a minimum capitalization of USD 250 000, are approved by the National Economic Council (NEC) under terms of the National Investment Policy (NIP) on the basis of an economic needs and benefits test. Major criteria under the NIP include employment generation, skills development, regional development, local needs and environmental impacts. Joint ventures between Bahamian and foreign investors are also subject to NEC approval under the NIP on the basis of the economic needs and benefits tests outlined above.\nA. AGRICULTURE, HUNTING, FORESTRY\nAgriculture and hunting\n(ISIC rev 3.1: 01)\nNone\nForestry and logging\n(ISIC rev 3.1: 02)\nNone\nB.\nFISHING\n(ISIC rev.3.1: 05)\nAll vessels engaged in fishing within the Exclusive Economic Zone must be solely owned by Bahamian natural or juridical persons as indicated in the Fisheries Resource (Jurisdiction and Conservation) Act.\nC.\nMINING AND QUARRYING\nCertain activities in small scale mining may be reserved to Bahamian nationals.\nThe Bahamas reserves the right to grant approval for private or public exploration, mining, processing, importation and exportation of minerals.\nThe Bahamas reserves the rights in the exclusive economic zone, continental plateau and the seabed for prospecting and exploration.\nMining of coal and lignite; extraction of peat\n(ISIC rev 3.1: 10)\nNone\nExtraction of crude petroleum and natural gas\n(ISIC rev 3.1: 11)\nNone\nMining of metal ores\n(ISIC rev 3.1: 13)\nNone\nOther mining and quarrying\n(ISIC rev 3.1: 14)\nNone\nD. MANUFACTURING\nManufacture of food products and beverages\n(ISIC rev 3.1: 15)\nNone\nManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials\n(ISIC rev 3.1: 20)\nThe Bahamas reserves the right to adopt or maintain restrictions on small scale investment in this sector.\nManufacture of refined petroleum products\n(ISIC rev 3.1: 232)\nNone\nManufacture of chemicals and chemical products other than explosives\n(ISIC rev 3.1: 24 excluding manufacture of explosives)\nNone\nManufacture of machinery and equipment\n(ISIC rev 3.1:29)\nThe Bahamas reserves the right to adopt or maintain measures on investment in the production of weapons and ammunition.\nManufacture of furniture; manufacturing n.e.c.\n(ISIC rev 3.1: 36)\nThe Bahamas reserves the right to adopt or maintain restrictions on small scale investments in this schedule.\nE. PRODUCTION, TRANSMISSION AND DISTRIBUTION ON OWN ACCOUNT OF ELECTRICITY, GAS, STEAM AND HOT WATER(excluding Nuclear Based Electricity Generation)\nProduction of electricity; transmission and distribution of electricity on own account\n(part of ISIC rev 3.1: 4010)\nUnbound\nManufacture of gas; distribution of gaseous fuels through mains on own account\n(part of ISIC rev 3.1: 4020)\nUnbound\nProduction of steam and hot water; distribution of steam and hot water on own account\n(part of ISIC rev 3.1: 4030)\nUnbound",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Does not include operation of electricity transmission and distribution systems on a fee or contract basis, which are to be found in ENERGY SERVICES."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Does not include transportation of natural gas and gaseous fuels via pipelines, transmission and distribution of gas on a fee or contract basis and sales of natural gas and gaseous fuels, which are to be found in ENERGY SERVICES."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "Does not include transmission and distribution of steam and hot water on a fee or contract basis and sales of steam and hot water, which are to be found in ENERGY SERVICES.’"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2010/669/annex/division/ANNEX",
    "retrieved_at": "2026-11-01T15:15:58.701010+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}