Bahamas Open for Business as Financial Services Sector Turns Sights on Middle Eastern and Northern African Market

December 4, 2019By @BahamasFSBBFSB News, Industry News, Latest

The Bahamas Financial Services Board in collaboration with the Ministry of Financial Services hosted a successful briefing in Dubai, UAE on Monday November 18th. The Hon. Elsworth Johnson, Minister of Financial Services, Trade & Industry and Immigration, who led the Bahamas delegation, in his opening address informed attendees that: “Bahamians are warm people who value … Read More

Bahamas Financial Services Board Sponsors STEP Arabia in Dubai

November 27, 2019By @BahamasFSBBFSB News, Education & Training, Events, Latest

The Bahamas Financial Services Board and The Ministry of Financial Services attended the Society of Trust & Estate Practitioners Conference on Sunday November 17th on onboard the historical Queen Elizabeth 2 which is permanently moored in Port Rashid, Dubai.  The conference was well attended with over one hundred and thirty-five registered delegates. The delegates were … Read More

INDUSTRY INSIGHT: A Bahamas LatAm approach driven by innovation

July 18, 2019By @BahamasFSBLatest

Industry Insight articles are paid-for content written by or on behalf of sponsors. Only five years ago, the Bahamas launched an innovative piece of legislation, the Investment Condominium Act 2014, enhancing the jurisdiction’s fund product offerings. This legislation, the first of its kind in any international financial center (IFC), targeted Brazilian multi-market funds. The Bahamas Investment Condominium … Read More

UPDATED CRS-AEOI INTERESTED APPROPRIATE PARTNER LIST AS AT MAY 24TH 2019

May 28, 2019By @BahamasFSBLatest, News

On Friday May 24th, 2019 the Competent Authority published the attached updated list on CRS/AEOI Exchange Partners. Please be guided accordingly with respect to your 2019 reporting. Questions/Queries: All portal queries should be directed tohelpdesk@taxreporting.finance.gov.bs For queries related to the site and/or information on the reporting obligations please submit emails to information@taxreporting.finance.gov.bs    Official Notice: Please see … Read More

Legislative Developments – December 2018

January 25, 2019By @BahamasFSBIndustry News, Latest

ADDRESS BY HON KEVIN PETER TURNQUEST (28 NOVBEMBER 2018) BUSINESS LICENCE AMENDMENT BILL 2018 COMMERCIAL ENTITIES (SUBSTANCE REQUIREMENTS) BILL 2018 Movement for Commercial Entities – 10 December, 2018 Movement for ROBO NON-PROFIT ORGANISATIONS BILL 2018 PENAL CODE (AMENDMENT) BILL 2018 REGISTER OF BENEFICIAL OWNERSHIP BILL 2018 REMOVAL OF PREFERENTIAL EXEMPTIONS BILL 2018

Statement from the Hon. K. Peter Turnquest, Deputy Prime Minister and Minister of Finance Regarding Financial Sector Reform

January 3, 2019By @BahamasFSBBFSB News, Industry News, Latest

In an effort to enhance the Financial Services Sector, the Government of The Bahamas is developing a new framework aimed at strengthening industry regulations and protecting revenues to the Public Treasury. By demonstrating our commitment to global standards, we are working to maintain The Bahamas’ competitive edge as a global leader in the financial services … Read More