The Bahamas Investor

...proposed by China, which would enable citizens of both countries, holding valid passports and valid Canadian, British, American or Schengen visas to travel from here to China, without a visa. “This next step is a great demonstration of the trust we place in each other as sovereign governments, and of the confidence we have, that closer cooperation to encourage tourism and greater cultural exchange will not only promote understanding at a governme......

...s or less to start a new business. This will be available to all low-risk businesses. It will be valid for 90 days, which means entrepreneurs can be up and running while they work to complete the full business licence process,” said Marlon Johnson, Financial Secretary. The fee for starting a new business has also been removed, eliminating another barrier for entrepreneurs. Read/download the press releases here: (Continue) New Year to bring several......

...Asset Package sale. Within our Global Marine Terminals segment, strong performance by our Buckeye Texas Partners facilities, which benefited from annual fee escalations and continued operating efficiencies during the quarter, was partially offset by the continued impact of challenging market conditions in the segregated storage market. Our Buckeye Merchant Services segment continued to generate strong utilization across our portfolio of assets an......

...and timely identification of US beneficiaries; and proper US tax planning for foreign trusts with US beneficiaries in the trust documents. Other issues include identification of US anti-deferral regimes for foreign corporations in which US beneficiaries may have an indirect interest through a foreign trust, and exit strategies from ownership of these foreign corporations. Definitions under US tax law. To fully grasp these issues and the complexit......

...of Tourism persuaded two Florida airports to keep the system in place on a test basis, which was approved by the Minister of Finance and immediately embraced by those airport operators, said Prime Minister Minnis. “Florida has the largest number of private pilots in the United States and the third largest number of registered aircraft,” the Prime Minister told members of the Bahamas Hotel and Tourism Association (BHTA ), which held its annual gene......

...ss class service in order to get where they are going faster, with greater comfort and with a heightened level of privacy. The booming private aviation industry has created opportunities for Bahamians to fill this market niche and meet the needs of this elite clientele. In New Providence, Million Air, with its international network and global name recognition, has emerged over the past 10 years as the preferred port of entry for those who fly priv......

...cross a range of other products and services opportunities. I will do this by examining three main themes: firstly, I will talk about The Bahamas and what it offers you as a partner in this region; Secondly, I will consider The Bahamas as a country with considerable potential to achieve more in this region; and Thirdly, I will discuss some of the structures that are being put in place to enable us to explore our opportunities for working together......

...at improving the efficiency and reliability of electricity for The Bahamas for years to come,” saidSidney Hinton, chief executive officer of PowerSecure. Under the terms of the MSA, in addition to PowerSecure receiving a baseline annual management fee of $2 million, BPL must achieve pre-defined key performance indicators (KPIs) related to cost reductions, reliability improvements and customer service enhancements in order for PowerSecure to receiv......

...the region’s largest banks. The Bahamas-based Bazard had responsibilities for compliance and anti-money laundering matters in 15 jurisdictions. Bazard led a team of seven full-time and eight part-time professionals, situated throughout The Bahamas, the Caribbean and Belize. “Cheryl’s promotion into one of the most unique and demanding compliance roles in this region is in recognition of her accomplishments at CIBC (Bahamas) Ltd,” said Terry Hilts......

...find time for some adventure, riding a Harley Davidson to the Grand Canyon for example or zip-lining in Costa Rica. “When I do retire, the first item on my list is to do absolutely nothing. When I get bored of that, which will probably be in a week, I will travel a bit more.” When she is not planning her next great adventure, Thompson intends to stay connected with the sector, continuing to inspire young accountants and devoting time to causes clo......

...ct, otherwise the license could be withdrawn. This gave my client enormous comfort. He also recognized that the people he wanted to make the decisions of the private trustee company would not want to carry out the administration of the company. The Bahamas was perfect since there were plenty of trustee administration companies that could provide this service in a contractual arrangement that could be reviewed on an annual basis. At any time a trus......

...ime. For more delicious eats, vacationers can also head to Skipper’s Grill for complimentary lunchtime favorites like salads, sandwiches, tacos, burgers, fresh fruit and desserts. Small Hands on Deck at Captain Jill’s Galleon and Splashaway Bay Perfect Day at CocoCay features an array of exciting features for kids of all ages. From three dry slides and 16 water cannons, to rope features and a splash pad, Captain Jill’s Galleon is an interactive pl......

...stments which offer more user-friendly, turn-key investment fund solutions for complex money management. It provides industry participants with the means to provide clients with innovative, progressive and flexible structuring solutions via a regulated vehicle, domiciled in a premier international financial centre. For example, where investment funds are essentially private arrangements such as private equity or a family office fund, they will now......

...asino and Cantor Sports app directly to their smartphones via the resort’s website. Cantor Gaming president and CEO Lee Amaitis said entering the growing mobile sports wagering industry would be very beneficial to The Bahamas tourism industry. “With a very progressive government, a very progressive Gaming Board and a world class resort like this, you are going to see a lot of people coming down here. Our investment is going to return us significan......

..., Counsel and Attorneys-at-Law, Nassau; head of the litigation and dispute resolution practice area, and the financial services & regulation practice area. He has served in the Judiciary in various capacities since his admission to The Bahamas Bar in 1979. Moree has also served on various boards, committees and commissions. His areas of practice include: civil litigation, commercial litigation, trust and private client matters, banking and commer......