The Bahamas Investor

...s should be alerted that, in this new era of accountability and transparency, this government will adopt a zero tolerance approach to those who do not pay their taxes. We will be fair and transparent in our enforcement efforts but we will also be decisive,” said Turnquest. Pictured: Cabinet ministers arrive at the House of Assembly for the Budget Communication, May 31, 2017. (BIS Photo/Derek Smith)......

...ips representing some 42 million gross tons.” Investors can therefore gain comfort from the fact that The Bahamas is no newcomer to the industry. A partnership with regulators and government led by the Bahamas Financial Services Board is also a healthy feature of the financial services marketplace that has allowed for innovative ideas such as the SMART fund* and other key legislation to be developed in recent times. Big names Many high-calibre fin......

...resents about one-tenth of the owner’s net worth. So a $20-million vessel, for example, is generally owned by a person with $200 million in the bank. “Many of the world’s high or ultra high-net-worth individuals (defined as having wealth between $30-$50 million) own yachts,” Fair explains. “We want to have a jurisdiction that offers them a one-stop shop for all of their needs.” One of the country’s leading accounting and professional services firm......

...l Place. (BIS Photo/Yontalay Bowe) Pictured: Heads of Agreement signing for the redevelopment of Nassau Cruise Port, August 28, 2019, at Festival Place. (BIS Photo/Yontalay Bowe) For more detail, read/download the press release here: Agreement signed for $250M major redevelopment of Nassau Cruise Port (163kB)......

...here,” he says. “I was on the board of the bank so I had been continuously coming to The Bahamas for many years. I was looking for this change. It was good timing in terms of where my life is today.” Bahamian hub Last year marked the 40th anniversary of Pictet’s presence in The Bahamas. In that time, the office has grown from three staff members serving a handful of local high-net-worth clients to 72 staff providing services to clients throughout......

...f linkages founded on common aspects of history. It was a sentiment shared by the High Commissioner, who pointed to the parliamentary democracy of both countries, Commonwealth membership and common use of the English language. Moreover, India–like The Bahamas–is a member of the Group of 77, Group of 15 and the Non-Alignment Movement. “As members of the global community with many of the same development challenges, our two countries share the highe......

...excess of $1 million, or making an individual income of $200,000 annually, for example. “This provision ensures that the triggers for licensing and regulation are oriented to the protection of those most vulnerable, and needing perhaps the greatest protection from a regulatory perspective – ordinary persons for whom an investment gone wrong as a result of misconduct or other infractions of securities laws will have the greatest financial impact.”......

...lar SMART Funds in The Bahamas, as a sophisticated, low cost and flexible wealth planning tool for Brazilian families. The whitepaper covers: The Brazilian tax system and foreign exchange system related to funds held abroad Specific Mandate Alternative Regulatory Test (SMART) funds and Brazilians Obstacles faced by the Brazilian hedge funds industry. Heuseler will be participating in a panel session at the Latin Family Office Forum 2011 on managin......

...ures in a matter of days. FOCOL’S Chairman, Sir Franklyn Wilson said the year’s challenges not only put the company to the test, but also made it stronger. “It was really challenging,” he said. But out of it came some wonderful benefits for the company, quite candidly, because it provided the company an opportunity to perform at a level that the country had never seen and did not know we could do.” Read/download the full report here:  FOCOL REPORT......

...ed in the registry of foundations. This information has been updated. View/download the latest changes in the 2017 Investor’s Resource Guide. Foundations may be used for most purposes for which trusts and companies are presently used: estate planning, tax planning, preserving family wealth, segregating assets, perpetuating corporate governance philosophy, subordinating debts, separating voting and economic benefits, investing in private companies......

...155 relief flights in the aftermath and NAD waived all landing and parking fees for those humanitarian efforts. In addition to fee waivers for humanitarian flights, NAD, along with airport manager Vantage Airport Group in partnership with LaGuardia Gateway Partners created a $30,000 fund to directly support the families of NAD employees impacted by the storm. NAD also contributed $10,300 from its Give Change terminal collection box initiative to t......

...ount of any reasonable and necessary attorneys’ fees and expenses incurred by former directors Robert Friedman, Jeffrey Gault and Andrew Sasson in defending the partially settled litigation, subject to their assignment to the Company of any claims they may have against the Company’s insurers relating to any such unpaid amounts. The Company does not anticipate that the net amount of all payments it might ultimately be required to make, after recove......

...Washington DC, and similar agreements with Guernsey and Aruba, signed on August 8. At press time, The Bahamas had signed a total of 27 TIEAs. The Bahamas TIEA with Spain will come into force on August 17, 2011; the TIEA with Japan is due to come into force on August 25, 2011. scotterill@dupuch.com......

...ousehold appliances,” Wang said. The Caribbean region is seen as a gateway for foreign investors to tap into the US market because of its proximity to North America. In recent years, Chinese companies have been accelerating their investments in the region and promoting trade ties. One of the biggest projects is the Baha Mar resort in the Bahamas, being built by China State Construction Engineering Corp, China’s largest construction company. CSCEC,......

...e this fantastic skill. Mediation is an activity that is not only designed for commercial and business enterprises, but also looks at the community, education, health, etc,” says Dingle. “It’s a way of speeding up a resolution of problems with people at every level.” Participants must master core, soft and higher level skills including the ability to describe how the mediation will work; identify the issues; summarize information, manage relations......