The Bahamas Investor

...ters, including transportation, safety and security, and issues related to financial services. Prime Minister Minnis will attend day one of the inter-sessional meeting February 26, 2019. The Prime Minister will also take part in a bilateral meeting with the president of the Republic of Estonia Kersti Kaljulaid. Minister Henfield will represent Prime Minister Minnis on day two of the inter-sessional meeting, along with High Commissioner Rahming and......

...l themselves of an accountant’s services until they are forced to do so by financial issues, their bank, or some other financial institution. When the economy is under pressure, they are even less inclined. “While it is understood that most small businesses would view the expense associated with accounting/ bookkeeping services as one they cannot afford, I would say it is an expense that you cannot afford not to bear,” she says. “Whether it is an......

Director of Financial Services at the Ministry of Financial Services Nicola Virgill-Rolle speaking at MLRO Day 2013. (Photo Harry Cutting/©Dupuch) Following the announcement that The Bahamas will follow a Model 1 Intergovernmental Agreement (IGA) when complying with next year’s Foreign Account Tax Compliance Act (FATCA), the Ministry of Financial Services said yesterday that decision was taken to reduce the burden on the private sector and safegu......

...mas. It would put us out in front in the region, round out a full range of financial services that the country could provide and open up the field of aviation to so many new possibilities. Like other visions introduced earlier than they were likely to become reality, further talk of an international aircraft registry was shelved along with the very thorough report that had been commissioned by the BFSB and prepared by international consultants SH&......

...e of services. Open architecture means being able to offer ‘best of breed’ financial services even if they’re not your own. Secrecy is old; it’s probably dead. It’s no longer a chief differentiator. It’s about the expertise and the tax efficiency and the market you share with other onshore and offshore centres.” At the same time, the reality is that banking profits are under pressure, and more countries are offering tax amnesties or imposing withh......

...groundwork for the country’s presence at the Dubai Expo 2020. The Bahamas Financial Services Board (BFSB) will host a Bahamas Landfall event in Dubai on 18 November, in addition to sponsoring STEP Arabia, as stakeholders assess interest in this new market. “It is a promotional tour to size up the potential appetite and interest that those players have in The Bahamas,” says Patrick Feuz, executive chairman of Gonet Bank & Trust Ltd which will be a......

...isual aid used in show-and-tell presentations by the country’s Minister of Financial Services and Investments, Allyson Maynard Gibson, is a map of The Bahamas mounted on foam-core and spiked with more than 80 multi-colour push-pins. Almost every major island is stuck with one or more pegs–each denoting a project in development, approved for development or under review by the NEC. The scale of investment ranges from mega-projects like the Cable Bea......

...five business units –a fully licensed Cayman Islands Trust Company, Holdun Financial Services, Holdun Investment Partners, Holdun Wealth Management and the Holt Foundation. This gives clients access to the full gamut of services including tax planning, accounting, trust services, estate planning, international asset protection and portfolio analysis. All services are available from its Bahamas branch, which was established in 2014 and has just rel......

...the needs of foreign and domestic investments. With specific regard to the financial services sector, the government is doing its part to ensure the sector remains internationally competitive and adequately and prudently regulated. To this end the government has actively pursued, among others, the following initiatives: 1. development of a School of Business at The College of The Bahamas; 2. staffing of overseas Bahamas missions with officers who......

...January 2015. The airline fully provides “door to door” and “door to dock” services to the Florida-Caribbean market. Ryan Custureri, General Manager, Tropic Ocean Airways says: “There have been an increasing number of requests for more direct aviation services due to the long delays and hassles when flying commercially. We are very excited to respond our guest’s demands and offer an unparalleled service with the same high quality safety standards......

...meeting on Tuesday, there were a number of meetings with the Deputy Prime Minister and Minister of Finance Peter Turnquest, as well as other colleagues, concerning issues related to Grand Bahama.” “We are hitting the ground running. There are a lot of things that need to be done and so I just feel excited and ready to work.” Thompson further explained that the newly-appointed Cabinet is ready for the task at hand and Prime Minister Hubert Minnis......

...to extend personal greetings and a warm welcome to The Bahamas,” the Prime Minister said. The Prime Minister said that he viewed the occasion as another chapter in the development of solid, mutually beneficial relations between both countries. “The visit of Robert F Kennedy Jr–a passionate activist and environmentalist–to The Bahamas is especially significant, as he is able to join in the celebrations of the legacy of his late uncle.” Robert F Ken......

...re at this parade thus far, the quality of work has already sky-rocketed.” Minister Johnson noted that what was done to develop sports tourism in The Bahamas, must now be the focus in developing cultural tourism. He said that he and Tourism Minister Obie Wilchcombe are working as one to make this dream a reality. “Look at all of the accomplishments we’ve had together in terms of sports tourism in The Bahamas, including Popeye’s Bowl, the Tiger Woo......

...erving in my first hundred days in my second non-consecutive term as Prime Minister and Minister of Finance of The Bahamas. I also maintain responsibility for relations with the Bahamas Telecommunications Co (BTC) , the regulator URCA , and the Telecommunications Sector Policy. Since I will not be here tomorrow morning for the Ministerial Forum, I thought I should give you an update as well as challenge your thoughts and deliberations. The advent......

...esses development, will be spent right here in Grand Bahama.” Deputy Prime Minister and Minister of Finance Peter Turnquest (pictured) also congratulated the CEO of Elnet, and the principals on the success of the business over the past 10 years. “We know, based upon the history of this company and based upon your vision for Elnet, that this new endeavour will be very successful, and will continue to contribute to this island in a significant way,”......