‘The Bahamas’ financial services industry is stable and governed by a sound regulatory regime’ The European Union’s Economic and Financial Affairs Council completely removed The Bahamas from its List of Non-Cooperative Jurisdictions for Tax Purposes, at their meeting in Brussels today. In a statement this morning, the EU confirmed that The Bahamas has implemented the … Read More
AIBT & BFSB Joint Response – The Bahamas Off the EU Blacklist
BFSB and AIBT welcome the news of The European Union’s Economic and Financial Affairs Council’s complete removal of The Bahamas from its List of Non-Cooperative Jurisdictions for Tax Purposes, at their meeting in Brussels today. This was done in recognition of The Bahamas having implemented all of the necessary reforms to meet the EU criteria … Read More
Bahamas Open for Business as Financial Services Sector Turns Sights on Middle Eastern and Northern African Market
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
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
Bahamas Financial Services Industry tells the LatAm Market that The Bahamas is Open for Business whilst hosting two events in Brazil
The Bahamas Financial Services Board in collaboration with the Ministry of Financial Services hosted two successful briefings in Rio De Janeiro and Sao Paulo, Brazil on October 14th and 17th. The Hon. Elsworth Johnson, Minister of Financial Services, Trade & Industry and Immigration addressed attendees and reaffirmed that The Bahamas is open for business and … Read More
UPDATE ON IMPACT OF HURRICANE DORIAN – BAHAMAS OPEN FOR BUSINESS
FOR IMMEDIATE RELEASE From: Bahamas Financial Services Board Date: September 3, 2019 Declaring the impact of Hurricane Dorian on the Northern Bahamas, “an historic tragedy,” Prime Minister the Most Hon. Dr. Hubert Minnis led a NEMA press conference at The National Emergency Management Agency (NEMA) headquarters, yesterday September 2, 2019 as Dorian continued to impact … Read More
INDUSTRY INSIGHT: A Bahamas LatAm approach driven by innovation
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
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
FAQs on The COMMERCIAL ENTITIES (SUBSTANCE REQUIREMENTS) ACT, 2018 (“CESRA”)
FAQs on The COMMERCIAL ENTITIES (SUBSTANCE REQUIREMENTS) ACT, 2018 (“CESRA”)
BFSB Hosts Its Annual International Business & Finance Summit (IBFS) In Bimini
The Bahamas Financial Services Board hosted its annual International Business & Finance Summit (IBFS) at the Hilton Resorts World Bimini on February 28th through March 2nd. Delegates heard from both local and international speakers. This year’s theme was, “Balancing Change with Continuity” which focused on giving delegates insight into the current regulatory environment and key … Read More