The Bahamas Investor

...ield says the most popular areas are the Exumas and Abaco, while in New Providence the western side of the island and Paradise Island are hotspots. New developments such as One Cable Beach are attracting business, as well as old stalwarts in the market such as Lyford Cay, Old Fort Bay, Sandyport and Delaporte Pointe. Wherever they end up, these new residents quickly become part of the community. Wallace-Whitfield says that falling out of touch wit......

...of experience and both typically move expeditiously on projects presented by foreign direct investors. For many foreign investors, capacity and proximity are extremely important factors in a jurisdiction, and luckily The Bahamas is not lacking in either of those arenas. Areas of opportunity There is no denying the potential for innovative projects on The Bahamas’ Family Islands for the savvy, creative investor. Growing sectors such as technology......

..., A.I. and fintech; resulting in social and economic impact to The Bahamas by simply using something rotting away in our waters,” added Arnett. About PO8 PO8 is a marine archaeology startup utilizing blockchain technology to excavate underutilized sunken treasures and artifacts from ocean floors, generating untapped sources of revenues for funding social programs, creating jobs and jumpstarting local economies – all while protecting marine habitat......

...A better regulatory environment for local firms means a better environment for foreign investors as the two groups often run into the same obstacles. And a poor score on the World Bank rankings can translate into reputational damage, given the highly competitive environment within the Caribbean region where many island nations are directly competing for FDI. Addressing the Business Opportunities in the Caribbean conference in May 2018, Minister of......

...ectory of family office services, professionals and associated businesses, for example, would be immensely helpful. Practicality dictates decisions once it is established that a jurisdiction meets the compliance and transparency requirements and can provide the active management, oversight, fiscal, regulatory, residency and immigration requirements. Anticipating family office needs and making it easier to connect to the professionals and services......

...rt is not conclusive but it is also very helpful for giving the client the comfort that a qualified professional considers that he has (or has not) acquired a domicile of choice in some other place. Such reports often set out what else a client needs to do to make it more likely that their change of domicile assertion will be successful. Ultimately, only the courts can make a binding determination of a person’s domicile, but absent a pre-clearance......

...A acquired The Pointe property in December 2014, it marked a new direction for the company’s plans in The Bahamas. Having already established a presence in the large resort sector thanks to Baha Mar, CCA was looking to create something right in the heart of Nassau and mine the overlooked potential of the downtown core. “We understand the value of downtown projects,” says Daniel Liu, CCA senior vice-president and president of The Pointe. “The downt......

...iences of this nature that the financial sector provides. It comes across, for example, in the ways that we endeavour promote modernised delivery channels for services that do not impose the same product constraints as a physical banking network. It also comes across in simplified regulations to make it easier for all persons inside our borders to have access to legitimate banking services–whether they are employed or not; and whether they are Bah......

...t was edgy. It was catchy. It was award-winning. And it was written and performed by a cool, chic, laidback and sexy superstar with Bahamian roots. But they had little hope that Lenny Kravitz would go for their idea. Match made in heaven It had been almost seven years since the last Bahamas brand campaign and they had to go big. So the group figured they had nothing to lose by asking. The problem was, no one knew how to reach Kravitz. No one, that......

...redited investors the flexibility to choose an investment manager they are comfortable with. Of course, in the case of funds marketed to retail investors, the licensing standard is obligatory in order to address investor protection concerns. The new investment funds legislation also sets out standards for the appointment of custodians to a fund and significantly addresses the activities of the fund operators. Minimum standards with respect to the......

In a country famed for flashy, billion-dollar megaresorts funded by foreign investors, Andros stands out as a model for sustainable ecotourism, with its hundreds of miles of winding wetlands, rare wildlife and small resort industry largely developed by locals. Click here to read or browse this feature using Turn-Page/Ezine mode. “Andros represents a living island in terms of the amount of biodiversity that’s there naturally,” says Benjamin Pratt,......

...d condo projects that offer perhaps the most compelling buying opportunity for foreign investors. Megaresort developments such as Atlantis Paradise Island and Baha Mar on Cable Beach, which is scheduled to be completed by the end of this year, come with a sense of stability that a global brand elicits, while also providing a steady return on investment through managed rentals. Atlantis Paradise Island’s 497-unit condo complex, The Reef, is the pri......

...rm nature of the projects. In the islands, this financing can be harder to come by, with many international equity and debt investors seeing projects in the islands as too small or too risky for their investment appetites. Location and remote settlements are also a major challenge. Islands are by their very nature more difficult to access, and in the case of The Bahamas, we have 700 islands and cays of which more than 20 receive government service......

...st offshore for various reasons, whether for succession planning, the need for discretion or simply diversification. While every jurisdiction aims to provide the investor with something that is unique, The Bahamas’ main strength lies in its ability to offer a comprehensive range of products that can satisfy the needs of diverse investors—from trusts to captive insurance for the private individual, and from investment companies to SMART funds on th......

...uld collapse and that earnings would shrink substantially in virtually all companies, ran for the exit doors. Those were uncertain times and, as is typically the case when things start to go bad, people only expected the situation to get worse. 2009: the turnaround While the early months of 2009 continued to see sharp declines in global stock prices, massive stimulus packages arranged by global governments and their central banks started to have a......