The Bahamas Investor

...from Google, Microsoft, Hewlett Packard and others. As the keynote speaker for the summit, Prime Minister Minnis took time to sell The Bahamas, particularly Grand Bahama, to tech companies present as a favourable place in which to set up business. He noted that the government of The Bahamas has embarked on a mission to establish Grand Bahama as a world-renowned technology hub. “Today, through this first ever Grand Bahama Technology Summit, we are......

...pment and long-term employment, business and entrepreneurial opportunities for the island’s residents, said Prime Minister Minnis. The project could mean approximately 2,000 to 3,000 jobs for Grand Bahama, he noted. The South Abaco development will include branded hotels and a full-size golf course, and is expected to employ approximately 600 people during the construction phase and 600 during operation. “The project will provide a variety of entr......

...to be held in Grand Bahama November 9-10, 2017. (BIS Photo/Andrew Miller) Minister of State for Grand Bahama in the Office of the Prime Minister Kwasi Thompson says he plans to make Grand Bahama the centre of a technology hub in The Bahamas. The Minister’s remarks came during a press conference at Pelican Bay resort October 16, 2017 to announce a technology conference in Grand Bahama November 9-10, 2017 at the Grand Lucayan . “The technology indu......

...Prime Minister in Freeport. The announcement came following a meeting with Minister of State for Grand Bahama Kwasi Thompson and Parliamentary representatives in Grand Bahama. The PM went on to note other government initiatives to spur the local economy. “The Office of the Prime Minister, Grand Bahama, is actively engaged in the establishment of the Grand Bahama Investment Unit. This unit will be a one-stop shop for investors, improving the ease o......

...ew Holness; Prime Minister of St. Kitts and Nevis Dr Timothy Harris; Prime Minister of Belize Dean Oliver Barrow; Prime Minister of Barbados Mia Amor Mottley; and Prime Minister of St. Vincent and the Grenadines Dr Ralph Gonsalves. Pictured: (second row, from left) Prime Minister of The Bahamas Dr Hubert Minnis; Premier of Montserrat Donaldson Romeo; Premier of the British Virgin Islands, Dr Orlando Smith; President of Suriname Desire Delano Boute......

...an States and the Ministry of Economy of the Government of Guatemala. Hon. Ryan Pinder, Minister of Financial Services with responsibility for international trade participated in the discussions. The delegates identified hindrances to business and trade between countries of CARICOM and Central America. They noted that though the respective countries were geographical neighbours, there was a lack of connectivity, the cost of doing business across t......

...f Financial Services, who also has responsibility for international trade, Ryan Pinder, held discussions with director general of the World Trade Organization (WTO) Pascal Lamy October 24 in Brussels. The Minister discussed the way forward for The Bahamas’ accession to the WTO. The two heads also discussed the steps taken by the Bahamas government since its second accession Working Party Meeting with members of the WTO in Geneva in June of this ye......

...sdictions such as The Bahamas, according to Minister of Financial Services Ryan Pinder , who says the country is a well-regulated, robust environment for investors. Addressing the Global Financial Summit at Atlantis Paradise Island Thursday, Minister Pinder stressed that The Bahamas has been judged compliant with international best practices by the Organisation for Economic Co-operation and Development (OECD) and: “Our only crime is having a compe......

...Services officially launched its new trade policy yesterday, with Minister Ryan Pinder telling the Bahamas International Investment & Business Forum (BIIBF) that the government was committed to pursuing a “value added trade strategy.” The initiative involves bringing products into The Bahamas, adding value, and then exporting the goods. Minister Pinder said the strategy would “provide the catalyst for sustainable economic growth in The Bahamas” an......

Pictured: (top) Minister of Financial Services Ryan Pinder with deputy director general of the World Trade Organization David Shark, during a courtesy call at his Ministry, on April 9, 2014. From left: Legal affairs officer in the Accessions Division of the World Trade Organization Juneyoung Lee; David Shark; Minister Pinder; Bahamas permanent representative to the United Nations Office and other international organizations in Geneva Rhoda M Jack......

...e in Geneva June 20 and 21. Newly appointed Minister of Financial Services Ryan Pinder, will travel to London to participate in the Landfall event there. “We are very pleased to have the Minister’s involvement in London,” said Aliya Allen (left), BFSB chief executive officer and executive director. “His presence and participation will send a strong message on the importance of the financial services industry to The Bahamas and the government’s com......

...s International Trust Company or BITCO, owned by a banking consortium. The financial services entity, however, takes its name from a 1989 acquisition, which saw BITCO sold to the Ansbacher Group of Companies, a provider of tailored financial solutions for the wealthy. Ansbacher changed hands four more times, finally being acquired by AF Holdings in 2009. The purchase presented an opportunity to accelerate the financial services provider’s growth.......

...ooperation in tax matters. The Bahamas would facilitate the provision of information for purposes of foreign revenue laws where a tax treaty has been entered between The Bahamas and the relevant foreign jurisdiction. In compliance with the Organisation for Economic Co-operation and Development (OECD) standard for transparency and cooperation in tax matters, The Bahamas has a number of these treaties, called a Tax Information Exchange Agreement (TI......

...e Cayman Islands as an exempted company limited by shares and specifically formed for the Fund.   Initially, the Fund’s directors have designated one class of Participating Shares for offer to investors, being Class A shares.  The Directors of the Fund have significant banking, fund management, lending and real-estate experience. Media Contact: Sharell Carroll SageEden Media Group, (242) 356 0646, info@sageedenmedia.com   News distributed by PR Ne......

...orld stage, we have not been that far behind,” he says. FATCA requires all Foreign Financial Institutions (FFIs) to enter into an agreement with the US Treasury to disclose information on certain US clients. The financial sector in The Bahamas has been readying itself for the changes for the past year, with several institutions voicing concerns at the wide scope of the act. A revision of the regulations presented in guidelines released in February......