Money is safer in a rock hole these days than in the loan shark banks who pay no interest, really do not give loans, and nickel and dime your money to death with fees.

Money is safer in a rock hole these days than in the loan shark banks who pay no interest, really do not give loans, and nickel and dime your money to death with fees.

While your premise is fine. The other side of the coin is the government needs to stop pandering and encouraging people to enter into such businesses if they are only going to pull the rug from under them. They promise the world and want local production but, no real leg work is put into place for them to thrive. While the imported windows will now be imported cheaper with no extra burden on the importer I am sure the local manufacturer faces a hurdle of bureaucratic and regulatory hoops to jump through to bring in his raw material duty free. This adds to the cost of his local production. Why are finished good duty rates being dropped and local producers raw materials still facing 30-45% duty on their raw materials and having to go through all kinds of B.S. and expense to get the concession? Drop the rates on raw materials and get rid of the concessions all together. Make everyone's life easy.

Bahamians will soon need to go back to using gold and silver for money and just create old style banks with vaults to hold it in.

700 million unpaid fees, 700 million unpaid property tax. Seems like we need to play those numbers. It is just gross that the government treats me like a common criminal when I pay all my taxes and they want to extract more out of the people who actually pay and keep letting the slackers off. Not only do they want to get more money out of the complaint people they actually get in your way and make it harder and hard to conduct business and pay them taxes that are due. The Bahamas is not a real place.

I do allot of wire transfer payments to vendors but, every now and then be it the bank or for some reason, glitch, or whatever the payments will not go through and I have had to resort to check. This includes our new illustrious business license who credit card system does not work and the bill payment online via the bank would not work. If these people want to go cash and checkless then they really need to do major upgrades to digital/online payment systems. We are in the dark ages compared to other places for easy of transactons.

Makes perfect sense, now businesses can tote around thousands of dollars in cash to make payments that currently checks are used for that cannot be paid by other means. If people are not really using checks what is the drive/motive to eliminate them? Not everywhere takes credit cards including the government in many instances. The government itself pays most merchants with check.

I can walk into a US bank and have an account open in less than 30 min. In my own country I have to bring a suitcase full of documents and letters and wait days or weeks to get an account open. A business account getting opened is almost a joke only a masochist could enjoy opening a business account in The Bahamas.

NIB is nothing more than a tax

Go live in North Korea if you want to live in a police state.