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Private Trust Companies Strengthen Bahamas Wealth Management Leadership

Legislation Highlights

 

 

The Bahamas is a leading wealth management jurisdiction, one that meets the needs of clients and institutions through unwavering commitments by the Government of The Bahamas, financial institutions drawn from around the globe and a strong and committed talent pool dedicated to professional development and delivering high quality service.

Providing specific legislation addressing the manner in which Private Trust Companies may be established and operated in The Bahamas rounds out a series of steps undertaken in recent years to respond, in a comprehensive and competitive manner, to the estate planning needs of clients. These legislative initiatives have included the Foundations Act, Purpose Trust Act, Smart Funds and the amendment to the Perpetuities Act; all of which in combination with Private Trust Companies have solidified the country’s wealth management services.

Contents

  • Foreword
  • What is a Private Trust Company?
  • The Bahamas Approach
  • The Relationship Between Trusts, Foundations and PTCs
  • Key Highlights of Private Trust Company Legislation
  • Establishing a Private Trust Company
  • Ongoing Administration of PTCs
  • The Bahamas – Wealth Management Centre

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