The Bahamas Investor

...ts, alongside foreign investment related projects, led by the commencement of the “core” phase of the Baha Mar mega resort project on Cable Beach, New Providence. Central Bank monitors economic conditions as part of its monetary policy mandate, to assess whether money and credit trends are sustainable relative to levels of external reserves required to protect the value of the Bahamian dollar and, if not, the degree to which credit policies ought......

...legation to events in mainland China, Hong Kong and Singapore from the end of October to the beginning of November. The strategic promotional tour starts in Hong Kong with a “Bahamas Landfall” breakfast and lunch presentations on the October 25-26. The group will then attend the China Offshore Summit in Shanghai October 26-27. The conference has been designed to explain to China’s top financial intermediaries how they can benefit from the unique a......

...ancing needs. Forward-looking statements are generally identifiable by use of forward-looking terminology such as “may,” “will,” “should,” “potential,” “intend,” “expect,” “endeavor,” “seek,” “anticipate,” “estimate,” “overestimate,” “underestimate,” “believe,” “could,” “project,” “predict,” “continue” or other similar words or expressions. These forward-looking statements reflect our current views about future events, including the Yucaipa transa......

...l investors. Mr. Reichenberger also introduced The Hon. Ryan Pinder, M.P., Minister of Financial Services, who told attendees that he appreciated their interest in better understanding the opportunities of doing business in and with The Bahamas, encouraging all those in attendance to engage with Team Bahamas “to better understand the synergies and advantages, especially in the context of private banking, wealth planning, and capital structuring.”......

...s are now far more discerning about the risks they wish to take, the types of investments they wish to make and the costs they wish to incur. Initiatives in other parts of the globe can also affect the services provided and are often aimed at challenging or dismantling other offshore jurisdictions. One such initiative is the European Union (EU) tax on offshore savings, which requires countries to either levy a withholding tax on offshore savings o......

...tors.” BFSB’s chief executive officer Aliya Allen says: “The rising demand for alternative investments is driving the creation of more user-friendly, turn-key investment fund solutions for complex money management.” “The Bahamas has earned its reputation for ingenuity in the private investment funds space with the introduction of the SMART Funds regime, which is made up of distinct, risk-adjusted, fund templates designed to facilitate investment f......

...ound regulatory environment, market sensitive legislation and the presence of some of the most highly regarded financial institutions in the world, The Bahamas is not only a viable choice for these institutions and their clients, but continues to be a leader in the global financial services marketplace. Bio Wendy Warren Wendy Warren is Chief Executive Officer and Executive Director of the BFSB, an organization devoted to increasing the quality and......

...nsurance planning can provide cradle-to-grave tax efficiencies. Structures for investments A final observation that can be made on recent trends is that the offshore insurance industry has stepped away from the investment management aspects of the business where traditionally it has been relatively unsuccessful. Recognizing this and allowing the banks and investment houses to handle asset management has considerably enhanced the international insu......

...n mind that taxation can be a very complicated discipline within the realm of estate planning. For this reason, this article is not intended to infer or provide any form of tax advice: Obtaining personalized advice from competent professional counsel is strongly encouraged and, in many cases, required. What we do illustrate is the high standard and progressive nature of fiduciary capabilities in The Bahamas, along with its innovative statutory reg......

...rybody. That’s the beauty of The Bahamas,” says George Damianos, president of Lyford Cay Properties, Sotheby’s International Group, a luxury real estate specialist. “The variety … it’s so diverse. If someone says, ‘I’ve got teenage kids who want to eat in restaurants and dance in discos,’ well, where else would you put them but Paradise Island? Or if they say, ‘We don’t want to see a McDonald’s or a Kentucky Fried Chicken sign,’ where do we direct......

...et can keep a level of privacy and flexibility over investment strategies. For professional investors, flexible regulations and an income-tax-free jurisdiction make it easier to administer funds and keep costs down. Probably the biggest draw to The Bahamas for a fund sponsor is the brand-name infrastructure of financial services support here, which includes global names in private banking and administration from Switzerland, North America and arou......

...all I can say is to speak to a few of the people already here. You’ll hear that, at all levels, they’re enjoying the same quality of service or, in some cases, better. Bio Allyson Maynard Gibson Allyson Maynard Gibson is Minister of Financial Services and Investments in The Bahamas. Before joining government, she was a leading lawyer in the area of trust and estate planning as former managing partner of Nassau-based Gibson and Company.......

...nd independence as being key drivers of LATAM business to The Bahamas. The Minister of Financial Services Hope Strachan in her first address to an international audience as Minister of Financial Services, highlighted the government’s commitment to the financial services sector and her own Ministry’s active role in ensuring that the policy framework supports its further growth and expansion. “While many countries in Latin America have achieved grea......

...el James Smith Kevin Seymour, President Grand Bahama Chamber of Commerce Maurice Moore Cassietta McIntosh The Committee will carry out its duties in collaboration with and the support of the consulting firm of McKinsey and Company. It will be assisted by a technical team from the Office of the Prime Minister, the Ministry of Finance and the Office of the Attorney General. The Ministry for Grand Bahama would coordinate administrative support. My Go......

...other events. Forward-looking statements are generally identifiable by use of forward-looking terminology such as “may,” “expect,” “anticipate,” “estimate” “believe,” “project,” or other similar words or expressions. These forward-looking statements reflect our current views about future events and are subject to risks, uncertainties, assumptions and changes in circumstances that may cause our actual results or other future events to differ materi......