Bahamas Establishes HK Maritime Office

by Phillip Morton, Investors Offshore.com

11 November 2010

The Bahamas government has announced the opening of an office in Hong Kong to be a regional base for the Bahamas Maritime Authority.

Welcoming the office's opening, the Bahamas' Prime Minister Hubert Ingraham said: "Today, the Bahamas is a vibrant and growing maritime centre. It is estimated that maritime affairs now represents a vital 20% of our economy. We believe that this city of Hong Kong is a critical location from which we can support and grow this important sector. We also believe that Hong Kong - a leading financial services centre in this region - is an important market from which we may not only grow our visitor numbers but also attract additional persons to our second home market and as investors in other segments of our economy be it tourism, financial services or light industries and manufacturing."

The BMA office was noted as the first commercial venture by the Bahamas in the Far East. The first Honorary Consular presence was established in Hong Kong some 13 years ago, followed by the establishment of a career Consular Office in 1998.

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