The Bahamas Investor

...07. “I thought God worked wondrously to allow us to win an election and to come back to oversee the second [and] third completing phase of something that we had conceived of and we had actually commenced,” said Christie whose government swept to power on May 7 this year. “This is just a part of an overall vision to complete the tourism product on the island of New Providence.” According to Minister of Transport and Aviation Glenys Hanna Martin the......

...burdens and rigorous standards in transparency. “With this new world order comes new opportunities for The Bahamas,” she said. “The battle for Latin America is heating up. It sparked a turf war on a global scale. There is a race on and that race is to position your centre as the hub for Latin America.” Allen said the LatAm region was benefitting from a growing population of ultra-high-net-worth individuals and called it “lower hanging fruit than A......

...ment’s proposed introduction of value added tax (VAT), saying that it is a complex issue that needs careful consideration. Since it was created last month, the coalition has been “quite active” according to its co-chair Gowon Bowe, who said its first few tasks had been writing a letter to the Prime Minister setting out private sector concerns and submitting a report to the Ministry of Finance detailing the macro-economic factors involved. Bowe sai......

...obligations.” Although much remains to be done before The Bahamas is FATCA compliant, Nottage stressed that the country was making progress and benefitting from a strong compliance enviroment saying: “The Bahamas is ahead of the curve. The future is bright.” Accountants’ Week runs November 11-14 and features such speakers as Minister of State for Finance Michael Halkitis, Financial Secretary in the Ministry of Finance John Rolle and chief executiv......

...or for companies and investors into the US,” he said, particularly when it comes to IP, business financing and other corporate matters. However, these cross border transactions require the consideration of other jurisdictions’ policies and legislation, he said. “You are not alone anymore in the world. You have connections with other jurisdictions and other jurisdictions may impact your business when they implement some rules,” said Vanacore. This......

...he law would impact the jurisdiction. “We had 10 countries from the region come to The Bahamas to participate and subsequently have bilateral discussions with the Treasury on FATCA,” said Pinder, a tax attorney who once practiced out of Miami. “That was a landmark event which The Bahamas led. The Bahamas is clearly the regional leader in the financial services.” At the April conference financial services practitioners quickly recognized that a sig......

...both institutional and individual investors. According to Timothy Colclough, co-deputy chair of BFSB, and vice president and head of Trust & Fiduciary Services at Butterfield Bank (Bahamas) Ltd , when it comes to wealth management, “you want to make sure that the jurisdiction has regulatory robustness and that any structure put in place will stand the test of time.” tblair@dupuch.com......

...g able to look down into the water is gorgeous.” Watch the full video interview with Michelle Woods at SuperYachts.com.......

...ing company Parcus Group announced that it has a contract with Bahamas Telecommunications Company (BTC) to deliver service creation, product development and product management training and consulting. “Winning this contract proves the benefits and credibility of our commercially developed and proven service creation model for our service provider customers, which delivers rapid solution development and higher product quality at a price that yields......

.... The Bahamas continues to create a financial services jurisdiction that’s comparable to alternatives offered elsewhere in the developed world, he said. However, new laws and practices emanating from the US and other leading players in the financial arena continue to adversely impact this offshore centre. “It has been critical for The Bahamas not to choose the path of least resistance and create an ‘adequate’ financial services product, one that o......

...international arena would have us believe,” he said. “Our clients are not coming to The Bahamas because of what has now become irreverent terminology–words like ‘secrecy’ or ‘tax minimization.'” Rather, Pinder said, clients come for a host of special assets the jurisdiction offers. According to the Minister, these selling points include sovereignty; sensible, flexible regulation; and government and regulators’ commitment to ensuring that The Baha......

...d Sir Lynden’s daughter, Monique Pindling-Johnson in her remarks. With the completion of the third and final stage, the airport increased in size by 24 per cent. It is now capable of accommodating 50 per cent more passengers, with a capacity of more than five million. It employs 2,600 locals. The airport partnered with the National Art Gallery of The Bahamas to feature 12 art cases within the international departure and arrival corridors. The exhi......

...up steam. That’s true on the Bahamian island of Eleuthera, where a new project called French Leave Harbour Village has already completed several units. To learn more about what’s going on in Eleuthera and the Bahamas, CaribJournal.com talked to Eddie Lauth, CEO of Shaner Bahamas, which is developing French Leave Harbour Village, a 37-unit project that the company says is the first group of “authentic” cottages to be developed on Governor’s Harbou......

...rs we’ve seen a growth in interest from the rest of the region. So we have competition from Jamaica, from the Dominican Republic, from Antigua, all the other countries in the Caribbean, and of course now being the number one industry in the world the truth is we’re competing with the world. “We have to find creative ways to promote each island, because it’s not just Nassau or Paradise Island, it’s not just Grand Bahama, and the only thing that is......

...o bear, but it pays off in the long run.” “Once the system is running it becomes very comfortable and allows you to run your business better.” As the countdown continues to the VAT implementation date, the government is working with the Bahamas Institute of Chartered Accountants to deliver training, workshops and seminars throughout the country. Representing the private sector, the BCCEC has formed a coalition for tax reform that will report to go......