INNOVATION
LOCATION
Market responsiveness has long been a
The unique geographical location of the
part of The Bahamas’ DNA as a forward-
Bahamas, just 50 miles off the coast of
thinking international financial centre and
Florida and positioned as the gateway
has been the basis of legislation creating
to the wider Americas, is an undeniable
innovative, client-centric products and
advantage for The Bahamas. Its proximity
services in a modern, compliant regulatory
to the U.S., Central and South America
regime. Such innovation can be seen in
places The Bahamas in an enviable
the country’s evolving and often ground-
position to serve both traditional and
breaking trust legislation. It led The
emerging markets and presents an
Bahamas to become the first common law
opportunity to link commercial and
jurisdiction to introduce foundations. It
financial interests.
services sector ensures that the integrity of The Bahamas as an international financial centre is maintained. As a sovereign nation for more than 40 years, successive governments have consistently demonstrated the country’s commitment to international best practices, cooperation in the administration of justice, international tax transparency, anti-money laundering and the countering of financial terrorism initiatives.
sparked the Bahamas Executive Entity and has thrust The Bahamas to the foref ront
In recent years, as more and more
of the investment funds industry with
individuals have chosen to “follow their
the introduction of SMART Funds and the
money” with respect to where they live
Expertise, innovation and location
Investment Condominium (ICON) fund.
and work, The Bahamas, with its tropical
are the pillars of financial services in
environment, has become the preferred
The Bahamas. Combined, they form
choice for many who yearn for an
a compelling reason to consider The
excellent quality of life whilst being able
Bahamas as the place to do business and
to manage their financial affairs. Most
will continue to guide the jurisdiction’s
importantly, individuals, family offices
pathway to be a provider of unparalleled
and institutions will find a warm welcome
financial products and client experience.
With this innovative spirit, it should come as no surprise that the country’s once-dormant insurance business has re-emerged as a sought-after destination for captives.
THE JURISDICTION OF CHOICE
when they come to The Bahamas as the country is committed to using its natural resources and cultivated assets to create
The innovation experienced in the sector is fuelled by a progressive investment climate that seeks to place financial services in the context of development.
an environment that is attractive in terms of both business and leisure. Few competitive jurisdictions can offer the business and lifestyle combination The Bahamas provides naturally. Moreover, the strong regulatory regime that characterises the jurisdiction’s financial
I N T ER N AT I ON AL I NVESTOR MAGAZ INE
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