T h e Bah amas:
THE BAHAMAS: THE JURISDICTION OF CHOICE
THE BAHAMAS: THE JURISDICTION OF CHOICE Any country heavily engaged in
The financial services sector has been
The vital features at the heart of
financial services bears a responsibility
impressively resilient and progressive
what distinguishes The Bahamas as
and commitment to the international
in the face events such as Hurricane
an international financial centre of
community with which it is intricately
Dorian, the current COVID-19 pandemic,
significance are: Expertise, Innovation and
involved, the financial institutions
international initiatives, and in midst of
Location.
operating within its borders, the clients it
the continued and sometimes challenging
serves and its citizens which rely on the
evolution of the global industry.
sustainability of the industry for continued
Everything The Bahamas offers is defined by these three words. Everything that
economic development. The Bahamas is
None of these challenges has impeded
comprises The Bahamas’ value proposition
such a country.
the country’s financial services industry
and continued success as a leading
f rom conducting business and delivering
international financial services centre is
The Bahamas has always sought to
bespoke solutions to meet changing and
guided by these distinguishing factors.
provide superior financial products
diverse client needs. Robust business
and services and a world-class client
continuity plans that are in place with
EXPERTISE
experience. It has proven itself to
all financial institutions have allowed
With a track record spanning more
be nimble and responsive to global
business to continue both during
than 80 years in financial services, few
changes – always mindful of the need to
Hurricane Dorian last autumn and now
jurisdictions offer the wealth management
adhere to international standards with
as the world deals with COVID-19. The
experience that The Bahamas has to offer.
respect to compliance, cooperation and
foresight evidenced by vigorous business
This heritage is the basis for the strong
transparency. This is complemented by
continuity measures has clearly worked to
legal framework that has been cultivated
the fact that The Bahamas is not only
cushion the implications of these events
for financial services, an investment
somewhere that offers bespoke private
and reinforces why the country is seen
climate that has been nurtured through
wealth management, it is also a beautiful
by many as an ideal location for financial
years of maturity, and a stable and
place to live and work.
institutions and the services they provide
predictable business environment,
to their international client base. This
anchored by the thousands of Bahamian
adaptability has been especially evident
wealth management professionals
in the Bahamas’ response to international
who work side-by-side with expatriate
initiatives, which has ensured adherence
colleagues in the more than 250 financial
with the highest standards of compliance
institutions that call The Bahamas their
with every internationally agreed standard
home.
The Bahamas is the leading international financial centre in the Latin America and Caribbean region, respected for its expertise in fiduciary services.
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of conduct.
I N T E R N AT I ON AL INVE STO R MAGAZ INE