The Bahamas Investor

...York, I can be on the 7pm flight and be in my bed in downtown Manhattan before 11pm for business meetings the next day,” Hammerer explains. “There’s no point coming here just to save taxes. You could go to Guernsey to save taxes. What we talk about is the life here,” he says. Protecting your assets Even if tax considerations are no longer the number one reason to invest, there are important estate planning and wealth management advantages open to......

...agement section. “I think that we are on the cusp of a very dynamic period for financial services,” she adds. Things are also beginning to look up on Grand Bahama, according to Ian Fair, Grand Bahama Port Authority (GBPA) Ltd chairman. With past ownership battles behind it and a new executive team in place, GBPA is looking towards future investment, whilst renegotiating with government on renewing the terms of the Hawksbill Creek Agreement. The co......

...environment, which is an important contributor to investor confidence. The financial services sector of The Bahamas is a tight-knit community of professionals who are seeking to improve the environment in which we live and conduct business. By working closely together and lending each other support and encouragement, we have established The Bahamas as a leading offshore destination. Bio Alyson Yule Alyson Yule is managing director of Banca del Sem......

...inclusive of captives, as part of its strategic and business development efforts for a number of years now. The organization regularly participates in international conferences such as CICA and RIMS, and hosts annual insurance-relevant industry briefings and seminars. The scholarship initiative was launched this year, in collaboration with the Bahamas Insurance Association and the Insurance Institute of The Bahamas , both of which appointed repres......

...ng director of the Latin Trade Group meets with Hope Strachan, Minister of Financial Services, March 5, at the Ministry of Financial Services in The Bahamas. Hilary Vartanian, executive vice president and managing director of the Latin Trade Group met with Hope Strachan, Minister of Financial Services, March 5, at the Ministry of Financial Services in The Bahamas. The purpose of the meeting was to provide an update on preparations for the Sino-Ame......

...in 2006, 2008, and 2009. In addition, the bank executive was named Bahamas Financial Services Board Executive of the Year in 2006; is the Honorary Consul for the Dominican Republic; vice president of The Bahamas Institute of Bankers; an international member of the Young Presidents’ Organization; chairman of St Augustine’s College, a local private high school; and, if that wasn’t enough, he is also married to a former Miss Bahamas. Not bad for a bo......

...r offshore banking and investment, the next biggest economic driver is the financial services industry, which accounts for 15 per cent of GDP. The construction industry drives 10 per cent of GDP. Agriculture and fisheries comprise less than five per cent of the economy. Mineral resources are salt and aragonite. Population Estimated at about 325,000 in 2005, with annual growth of 1.8 per cent. Nearly two-thirds of the population resides in Nassau.......

...e maritime industry. The shipping MD highlighted the potential of business for financial services providers and the maritime industry in The Bahamas as a whole. “I propose that the Bahamas Maritime Authority, which has 1,539 ships on its registry partner with the [financial services] industry on policies and procedures and all the things that you do well. You can offer a cluster of services to the shipping and maritime industry.” Listen to the ful......

...managed by the Cellular Liberalisation Task Force under the leadership of former Financial Secretary, Mrs. Ruth Millar; we have progressed through to the selection of a successful applicant; and finally, the award of a licence to NewCo2015. NewCo2015 is a company that, in its broadest sense, is jointly owned by the people of The Bahamas through HoldingCo Ltd on the one hand (as majority equity owner), and Cable Bahamas on the other. It is a publi......

...d capacity to the region, along with important new routes. The network is backed by the most comprehensive enterprise SLA in The Bahamas, ensures optimal performance, redundancy and reliability for any size business, including enterprise-level.......

...ome for any taxable year foreign-source earned income (ie, wages or salary for services performed outside the US) an amount equal to the product of $80,000 and the inflation factor determined under section 1(f) (3) of the IRC; $91,400 for taxable years beginning in 2009. Exclude from gross income a portion of the housing expenses paid for by his employer, or In the event such expenses are not paid for by his employer, deduct such expenses (subject......

...ty to maximize efficiencies and reduce costs. Bahamas Food Services is one of the largest full-line foodservice distributors in the Bahamas. As part of its plan to double the size of its Nassau warehouse, Bahamas Food Services is deploying RedPrairie WMS and WFM solutions to replace manual processes, increase inventory visibility and accuracy, expand workforce management capabilities, and optimize all aspects of operations.......

...standards, which exceed those required by the U.S. Coast Guard and OCIMF. For more information, please call Kevin Lenz at SPT (+1 713 266 8000) or visit http://www.sptmts.com Boilerplate information: SPT Inc is a fully dedicated ship to ship (STS) cargo transfer company operating with global reach and provides fully certified, ship-to-ship and ship-to-shore transfer solutions, backed by 33 years transfer experience. In the last 20 years, SPT has......

...greement," continued Mr. McTaggart. "In addition, the rates charged by WAC for sewerage services now include a monthly energy adjustment charge that allows WAC to increase or decrease its sewerage charges to reflect monthly changes in energy costs. This new energy adjustment charge is also functionally similar to the energy adjustment charge contained in our 1990 License agreement. And finally, WAC's base water and sewerage rates were immediat......

...rance and investment products through three sales divisions: Home Service, Financial Services, and Group Life and Health. This integration and migration project, which will span over a 2-3-year period, will initially focus on the Home Service products, and will eventually extend to other individual and group insurance products. Oracle Insurance Policy Administration is a rules-based solution for individual and group business that supports policy i......