In August and September The Bahamas promoted the new ICON in [Brazil]( and Mexico. ICON is a new structure for the organization of an investment fund under Bahamian law. While ICON has no legal personality, it is deemed able to hold assets in its name when represented by its administrator. The liability of the participants may be limited by the terms of the regulations or unlimited.

Other entities like companies, trusts and partnerships may be converted to an ICON without dissolution, winding up or distribution of assets. Read more in our ICON guide [here](