Spotlight News

VAT FAQs for the Financial Services Industry

The Bahamas Financial Services Board (BFSB), in collaboration with the Association of International Banks & Trust Companies in The Bahamas (AIBT), today released VAT FAQs for the financial services industry.

CEO Aliya Allen noted that these were prepared jointly with AIBT, and approved by…

Seychelles Deepens Commitment to Fight Offshore Tax Avoidance and Evasion

The OECD has reported that today the Seychelles became the 85th signatory of the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. The signing of the…

Strengthened Global Securities Markets - Drivers of Economic Growth

During a meeting in Seoul this week, the Board of the International Organization of Securities Commissions (IOSCO) discussed and progressed policy, organizational and strategic issues. In particular, it pushed forward its work on securing strong,…

New Era of Economic Prosperity

The Rt. Hon. Perry G. Christie, Prime Minister and Minister of Finance, presented his mid-year Budget Statement to Parliament today. He maintained, “the engines of the national economic machine are being primed to propel us forward to a new era of economic prosperity.” He reported…

IBFS 2015 – Recap

The Bahamas Financial Services Board (BFSB) has wrapped up its latest International Business & Finance Summit (IBFS), a event targeting leading stakeholders in the sector. The 2015 IBFS was held at the Grand Lucayan resort in Grand Bahama, February 5-8.

Prime Minister the Rt. Hon. Perry…

CIBC FirstCaribbean Private Wealth Management Office Opens in Nassau

CIBC FirstCaribbean Private Wealth Management has opened an office in Nassau at the Goodman’s Bay Corporate Centre; already located there is the bank’s Bahamas-based Trust Company. The West Bay Street office is the second one to open regionally.

Marking the occasion was a January…