The Bahamas - An Ideal Port of Call
The establishment of the Bahamas Maritime Authority in 1995 created a dedicated professional body with greater flexibility to manage the already established Bahamas Register of Ships and is the prime reason why The Bahamas is now the leading registry for cruise ships. The 1,500 plus Bahamian-flagged vessels, owned by some of the world's major shipping and cruise line companies, all serve as a testimony to the Bahamas' maritime heritage and leadership.
The legislative and judicial systems in The Bahamas are closely modelled on that of the United Kingdom and are therefore familiar to most ship owners, banks and lawyers. At the same time, Bahamian sovereignty which came with independence in 1973, assures the most flexible approach without compromising legal security.
With the major improvements in financial services legislation over the past 20 years and keen attention to the requisite regulatory requirements, The Bahamas is an important player in delivering international financial services
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