Bahamas Landfall events are the signature promotional activity for BFSB. We see it as an opportunity to articulate why The Bahamas should be the jurisdiction of choice for financial services. While the COVID 19 pandemic has impeded our ability to visit you at home, we thought it was important to keep you abreast of developments in the financial services sector. As always, BFSB is here to answer your questions and guide your understanding of the bespoke client solutions that our service providers can deliver.
SESSIONS: INVESTMENT FUNDS | FINTECH DEVELOPMENTS | ECONOMIC SUBSTANCE & PERMANENT RESIDENCE
BAHAMAS LANDFALL - DAY 1
- Overview of Bahamas Investment Funds Regime
- The Bahamas SMART Fund
- The ICON Fund
INTRODUCTION: The past year has been a challenge for us all , but the Bahamian financial services sector has proven to be quite resilient. The sector continued to provide an exceptional client experience despite the challenges posed by the global pandemic. In fact, there have been a number of developments in the financial services space that we are pleased to share with you through this virtual Bahamas Landfall series.
EXPERTISE: With an 80 plus year track record in financial services, few jurisdictions offer the wealth management experience that The Bahamas has. This heritage is founded on the strong legal framework that has been developed for financial services, a welcoming investment climate that has been nurtured through years of maturity and a stable and predictable business environment. The financial services sector is anchored by a highly trained and qualified cadre of Bahamian professionals who work side-by-side with international colleagues who bring experience and a vast network for business development in the more than 250 financial institutions that call The Bahamas their home. The investment funds regime has undergone a complete overhaul and we invite you to watch this video for insights and practical guidance.
BAHAMAS LANDFALL - DAY 2
- Bahamas Government Digitization Programme
- Digital Assets and Registered Exchanges Legal and Regulatory Framework
- FINTECH Opportunities in The Bahamas
- Why Should Someone consider the Bahamas for FINTECH?
INNOVATION: Market responsiveness has long been a part of The Bahamas’ DNA as a forward thinking international financial centre. It has been the basis of legislation creating innovative, client-centric products and services in a modern, compliant regulatory regime. Such innovation can be seen in the country’s evolving and often ground-breaking trust legislation. It led The Bahamas to become the first common law jurisdiction to introduce foundations.
It sparked the Bahamas Executive Entity and has thrust The Bahamas into the forefront of the investment funds industry with the introduction of SMART Funds and the Investment Condominium (ICON) fund. In the current digital environment, The Bahamas remains an innovator with the launch of the world’s first central bank digital currency – the sand dollar This is coupled with the introduction of a clear legal framework to facilitate compliant digital assets business in line with our overarching mandate to protect investors, ensure market integrity and reduce systemic risk.
BAHAMAS LANDFALL - DAY 3
ECONOMIC SUBSTANCE & PERMANENT RESIDENCE
- Economic Permanent Residence:
- EPR Criteria
- Family Offices
- Commercial Entities
- Economic Substance Requirements:
- Overview of CESRA
LOCATION: Our unique geographical location is an undeniable advantage for The Bahamas. Our proximity to the U.S., Central and South America places The Bahamas in an enviable position to serve both our traditional and emerging markets and presents an opportunity to link commercial and financial interests.
In recent years, as more and more individuals have chosen to “follow their money” with respect to where they live and work, The Bahamas has become the preferred choice for many who yearn for an excellent quality of life whilst being able to manage their financial affairs. We have the expertise and infrastructure to support the creation of real economic presence and substance.