The Bahamas Investor

...market with a ship that will capture the imagination of travelers looking for a one-of-a-kind vacation experience.” “Every trend we are seeing in China tells us we can achieve real long-term competitive advantage and appealing returns on our investments in this fast-growing market by accelerating our presence there,” Goldstein said. “We will have to be nimble, but the ability to move fast is one of our strengths.” Goldstein said the company was a......

...allocation among Brazilian, as well as global, pension funds, E&F, family offices and fund of funds, hedge fund regulation in Brazil and key considerations in operational and manager due diligence and economic and hedge fund strategy trends in Brazil, Argentina, Uruguay, Colombia, Mexico, Chile and Peru. BFSB chief executive officer Aliya Allen (left) says: “Our sponsorship and participation in this conference is in line with the consistent inter......

...s, where the impact of Irma is still being assessed. “There is no shortage of need for us to fill, given the scope of the hurricane’s impact. We know that there will be a considerable number of displaced employees who can benefit from skills training while properties are being restored. Hospitality studies programmes in the schools need to be re-outfitted and strengthened, there are visitor centres at airports which were destroyed; the islands’ ho......

...global efforts to protect financial markets from abuse. Automatic Exchange of Information (AEOI) Among the issues financial services practitioners are contending with is the move to automatic exchange of information, particularly for matters related to taxation in other jurisdictions. The initial standard in this regard was the Exchange of Information on Request, espoused by the OECD-hosted Global Forum on Transparency and Exchange of Information......

...have become accustomed [to], we need to not only attract a certain amount of foreign direct investment, we must do so on an annual basis and in competition with the rest of the Caribbean and Latin American region as well as with many states, municipalities, cities and towns within the United States.” Over the years, the country has been relatively successful in attracting those investments by extending a range of incentives to the foreign investo......

...ers hedged their bets, drawing on a Bermuda good luck omen. They wet the roof of their corporate office with a liberal dash of black rum. “LOM’s central objective is to provide great service with understandable and solid investment strategies in order to deliver consistently good performance,” said the group’s president. “We believe that this is what will succeed in the offshore world. That’s our goal and that’s what we deliver.” Pictured: LOM Hou......

...o this. I am especially pleased to announce, therefore, that the thousands of former Bahamian employees of Baha Mar will receive the following outstanding amounts due to them: unpaid salaries, severance pay, accrued vacation pay, and notice payments due to termination. Additionally, sums deducted from employees and former employees’ salaries and pension contributions will be repaid. Further, Bahamians holding commercial leases and concessions will......

...ontrol over the operations than would be allowed under normal corporate trustee arrangements. Family office. The family office concept uses the private trust company structure as a platform for the broader-based services to be provided for the family. Other applications. IBCs can include joint venture, patent and e-businesses.......

...recorded numbers in 2016. The cruise passenger performance mirrors the performance of tourist arrivals, as it grew strongly (4.6 per cent) in the first half of 2017, but contracted marginally (-0.4 per cent) in the second half of the year. Indeed, cruise passenger arrivals fell dramatically in September by some 20 per cent. However, growth resumed in October, which saw a 2 per cent increase. Visitor expenditure Consistent with increases in stay-o......

...ransferable skills, which is why financial services appeal to a wide range of professionals from other industries. “Particularly since the recession, we have seen persons signing up for our courses who, for example, worked in tourism and already have good people skills, but no experience in banking. We can give them the formal training to help them transition from other sectors.” The institute also offers career coaching, so that potential student......

...ominium (in the investment funds context) was a “pooling of funds intended for investments in a diversified portfolio composed of financial assets and other instruments available on the financial market.” The Bahamas ICON provides an alternative legal structure for investment funds; one that is inherently familiar to those in Brazil and indeed those in countries that have similar civil law constructs. It was this commitment to building products th......

...Domenica have also granted citizenship to wealthy foreigners on the basis of investments. “There are some very high class jurisdictions that are doing this,” said Jafri, who suggested that making residency more accessible for wealthy foreigners could bring “a real major economic benefit.” Requirements could be tailored for The Bahamas’s specific needs, he added, such as requiring investment in certain sectors. Bahamian law currently grants reside......

...missions to Dubai and Abu Dhabi, MCR is pioneering efforts to raise the profile of The Bahamas property market in lucrative emerging markets. “We are shifting a lot of our marketing dollars into places such as China,” says Terrinique Pennerman, marketing manager at MCR. “We know that the Chinese are savers and want a return on investment. They are moving into the Americas and The Bahamas to buy property–the money is there.” Eyeing a share in that......

...ent. Bahamas Financial Services Board chief executive officer Aliya Allen, Minister of Financial Services Ryan Pinder, and Michelle Neville-Clarke of Lennox Paton will provide an update on the wealth and asset management services and products in The Bahamas, including the new Investment Condominium launched in August. Allen says: “BFSB has chosen to partner with Latin Markets in Miami, as well as in the region, because its platform provides a comp......

...d become such an attractive locale for ultra HNWIs.” This is all good news for those offering luxury investments and high-end services in The Bahamas. Islands for sale With about 700 islands and cays, an island in The Bahamas is an attractive investment for the ultra rich for a host of reasons. “For some people, a private island means status, for others, they want the ultimate retreat,” says John Christie, vice-president of marketing for H G Chris......