Is it difficult finding qualified personnel in the industry?

Category: Professional Services

Answer:

The Bahamas has a large, diverse and well-qualified cadre of professionals, trained for the most part in North America, Europe and the West Indies. In the financial services industry, this wealth of local expertise means The Bahamas can offer long-term working relationships -- a critical factor in international investment management services. The industry and the Bahamas Government have committed to continuing and expanding training opportunities for young Bahamians in private banking, trust services, accounting, information technology, insurance, law, management, and foreign languages.

In the support services area alone, there are some 600 attorneys actively practising in The Bahamas, and over 350 accountants.

The Bahamas has an abundance of skilled labour, generally, and one of the most highly educated populations in the Western Hemisphere. The adult literacy rate is over 95%.