The Bahamas Investor

...ors, trust officers and other specialists, I applaud you on your comprehensive approach in governing BFSB,” Minister Pinder said. Audience members listen to Minister of Financial Services Ryan Pinder speak at the Bahamas Financial Services Board Annual General Meeting, September 25, at the British Colonial Hilton. (BIS Photo/Eric Rose)......

...on to the House of Assembly this week, Minister of Financial Services Ryan Pinder said that the Bahamas government has agreed that the country shall achieve compliance under the United States Foreign Accounts Tax Compliance Act (FATCA) by negotiating and entering into a Model 1 Intergovernmental Agreement (IGA) with the United States Department of the Treasury . Minister Pinder said: “The government of The Bahamas has also agreed to the establishm......

...cturing juices in The Bahamas from Haitian agricultural produce.” Minister Pinder pointed out that the trade policy of the government, however, is not limited to the region. “Indeed, the government is working feverishly to complete the accession process to enable The Bahamas to become members of the World Trade Organization,” Minister Pinder said. “The Government’s primary objective is to secure further market access for Bahamian goods and service......

...Nassau Beach Resort. (BIS Photo/Eric Rose) Minister of Financial Services Ryan Pinder said last week that the financial services industry, and specifically the developments in what is regarded as international best practices in international financial services, has caused for increased compliance requirements on institutions and clients. “The lawyers here today have had to advise their institutional clients and industry clients on the evolutions......

...re the days of The Bahamas competing against Cayman and Isle of Man,” said Pinder, who spoke on trade and tax at the conference. “The shift has meant that The Bahamas must now compete against New York and Geneva.” For Pinder, a professional tax attorney, the last 20 years has shown that clients do business with this jurisdiction for some key reasons. “The answer is not what some in the international arena would have us believe,” he said. “Our clie......

...anaging director of Caystone Solutions Ltd; Minister of Financial Services Ryan Pinder; BFSB chairman Paul Winder. (Photo credit: Patrice Rose) Pictured: (l-r) Chief executive officer and executive director Aliya Allen; Achiever of the Year Christan Pratt, Credit Suisse AG Nassau Branch; Minister of Financial Services Ryan Pinder; BFSB chairman Paul Winder. (Photo credit: Patrice Rose) Pictured: (l-r) Chief executive officer and executive director......

...tentially make its way to The Bahamas, said Minister of Financial Services Ryan Pinder during a Bahamas Financial Services Board (BFSB) Landfall event held at the Conrad Hilton in Miami November 7. “We are forecasting significant exit mobility of capital,” said Pinder. “We believe that as a sovereign country with a well-regulated and respected banking system, one that is close to Miami, that we will be the recipient of significant amounts of capit......

...Minister of Financial Services with responsibility for trade and industry Ryan Pinder recently participated in the Caribbean Exporters’ Colloquium organized by the Caribbean Export Development Agency (CEDA) . Addressing government officials and industry leaders in the region, Minister Pinder called for regional economic integration. “In order for our people in the region to benefit and appreciate regional integration, we must be successful at eco......

...consultations to engage all stakeholders and interested persons, Minister Pinder added. Minister Pinder said the EPA would provide expanded opportunities for Bahamian businesses, both in the trade of goods and services. Also, he added, the National EPA Implementation Unit created within his Ministry, in partnership with the Bahamas Trade Commission, is tasked with the responsibility of ensuring the public and private sectors have the technical su......

...Financial Services Before assuming office as a Cabinet Minister last May, Ryan Pinder served as president of OL Private Corporate Counsel Ltd, where he worked as an international tax and commercial consultant. He previously held positions with the US-based commercial law firm Becker & Poliakoff, PA, as a managing shareholder of their Nassau office, and with Boies, Schiller & Flexner LLP, where he practiced as an attorney in Miami. Now a policymak......

...d be classified as Foreign Financial Institutions (FFI) under FATCA, noted Pinder. “That meant every single Bahamian trust would have to register with the IRS and it would be a public registry,” Pinder explained at the meeting held at the downtown Hilton November 7. It was a move The Bahamas could not endorse, said Pinder. “The Bahamas took a stand with the IRS. We said this was not what we would support. This is outside the scope of the intent of......

...ed that Prime Minister Perry Christie has accepted the resignation of Ryan Pinder as the Minister of Financial Services. Pinder will be taking up a senior executive position with Deltec International Banking Group in Nassau. Pinder will remain as a Progressive Liberal Party member of Parliament. In explaining his decision to return to the private sector at this time, Pinder indicated that the interests of his wife and children at this time were su......

Minister of Financial Services Ryan Pinder has said that the government is taking a “balanced approach” to ensuring the continued diversification of the economy. Making his contribution to the debate on the 2012/2013 Mid-year Budget in the House of Assembly March 4, 2013, he said that this approach would demonstrate fiscal responsibility, yet strives for opportunities and advancements for Bahamians. Pinder outlined three primary elements of this......

...ry 30, at the Pelican Bay Hotel , Freeport. Minister of Financial Services Ryan Pinder addresses the Grand Bahama Chamber of Commerce January 30, Freeport, Grand Bahama. (BIS Photo/Vandyke Hepburn) Minister Pinder spoke on the Copyright and Intellectual Property Acts that he will be presenting to parliament. The Chamber’s Economic Development Committee chairman Randy Thompson, left, and president Barry Malcolm, right, make a presentation to Minist......

...market, but also in the regional and international marketplace,” Minister Pinder said at the forum held at SuperClubs Breezes on Cable Beach. “The overall increase in trade flows, induced by the establishment of quality standards would benefit The Bahamas and the rest of the world economy.” Minister Pinder also noted that such a system can encourage fair competition in the marketplace and provide necessary consumer protection by preventing unsafe......