Bahamas: Wealth & Asset Management

Welcome to an exclusive exploration of financial excellence in the heart of the Caribbean...

At the heart of this edition is a simple yet powerful truth: The Bahamas is far more than a financial hub

We were delighted to be in São Paulo, where we had the opportunity to connect with members of Brazil's vibrant financial and advisory community.

The Foreign Account Tax Compliancy Act, known as FATCA, is causing problems for banking jurisdictions such as Cayman Islands, Panama or the Bahamas.

Smart Fund Model 007 (the "SFM Model 007") or the Super Qualified Investment Fund became available for use as of 22nd August, 2012.

The Companies (Winding up Amendment) Act, 2011 (the "Act") came into force on April 30, 2012.

In The Bahamas, new legislation continues to be introduced to stimulate further growth and development of the country's well-established financial services sector.

The Governor of the Central Bank describes The Bahamas as one of the more significant financial jurisdictions operating in the world of financial services in a number of areas, and says it is in a position to compete with some of the best in the world.

I give this paper with some difficulty today, understanding that in the balance, we are not accustomed to thinking that amongst our own, new ideas with profound global application are in any way possible. I say this because it is exactly the business I am in, which is to formulate new ideas applicable not only within our national limits, but also in the global international context. And, as a practical matter, I intend to use this occasion, as a sign of respect for your interest in ideas, to adv