More than 125 financial and business professionals in Toronto and Calgary were told how the Tax Information Exchange Agreement (TIEA) between The Bahamas and Canada enhances business opportunities in The Bahamas for Canadians during seminars conducted by the Bahamas Financial Services Board (BFSB) in late March.
The TIEA update was provided during BFSB's Bahamas Landfall: Rediscovering The Bahamas workshops in the two Canadian cities, organized to coincide with a Trade and Investment Mission to Canada led by the Rt. Hon. Prime Minister Hubert Ingraham.
The Bahamas Landfall: Rediscovering The Bahamas events also provided updates on developments in the international financial service industry in The Bahamas; Grand Bahama and the maritime sector; and residency and second home ownership.
Focal points of the trade and investment mission were luncheon presentations by the Prime Minister in conjunction with representatives from the Bahamas Investment Authority, the Bahamas Ministry of Tourism & Aviation, the Bahamas Maritime Authority and BFSB.
“The twenty two individuals representing various Bahamian financial and business firms who participated in the Bahamas Landfall workshops had a unique opportunity for personal interaction with Canadian business colleagues,” said Wendy Warren, BFSB's CEO and Executive Director. “We believe that we not only made great strides in making the Canadian market aware of business opportunities in The Bahamas but that we will see some business transpiring out of Canada.”
The Landfall seminars were also made possible through the strong corporate sponsorship support which included Ansbacher Bahamas, ATC Trustees (Bahamas) Limited, Butterfield Bank (Bahamas) Limited, IP Solutions International, KPMG, Premier Fund Services, PricewaterhouseCoopers, RBC Private Wealth Management and Scotiabank.
BFSB will affirm its commitment to the Canadian market by participating in the STEP Canada National Conference which takes place in Toronto June 2 and 3.