The Washington-based Center for Freedom and Prosperity Foundation this week released a study, reportedly based on government data, demonstrating that there is no link between so-called tax havens and money … Read More
Canadian Taxation of Offshore Trusts & Foreign Investment Entities
There has been a one-year delay announced in the effective date for Canadian income tax proposals relating to non-resident trusts and foreign investment entities. Draft income tax legislation to implement … Read More
Trust Business Substantial Contributor to International Financial Services
Local Agencies Co-Sponsor STEP Caribbean Conference Financial services contribute significantly to the economy of The Bahamas. And, according to Central Bank Governor Julian Francis, registered banks and trust have assets … Read More
Bahamas Business Outlook 2002
The eleventh annual Bahamas Business Outlook 2002 will be held on Monday January 28, 2002 at the Nassau Marriott Resort. This year’s theme is “In Search of New Ideas”. The … Read More
RBC Global Private Banking Now In Freeport, Grand Bahama
RBC Royal Bank of Canada’s Main Branch in Freeport now has an RBC Global Private Banking Officer in office every Wednesday, providing enhanced investment services for clients and investors based … Read More
Higgs & Johnson Opens Lyford Cay Office
Nassau law firm Higgs & Johnson now has an office in Lyford Cay, operating from the Deltec Bank building. To be manned with an initial staff of 10, including three … Read More
Bank of The Bahamas Achieves Milestone In Operating Performance
At its recent AGM, Bank of the Bahamas officials reported that the Bahamian institution had generated significant growth in core business activities, with resulting profits. Gross revenue was up 11.6%, … Read More
Bahamas Attorney General Elected Deputy Chairman of CFATF
The Hon. Carl Bethel Attorney General & Minister of Justice The Attorney General of The Bahamas has been elected Deputy Chairman of the Caribbean Financial Action Task Force. CFATF is … Read More
Anti Money Laundering Seen As Integral Part Of Fight Against Drug Terrorists
Addressing a US-Bahamas Narcotics Joint Task Force Meeting during December, the newly appointed American Ambassador to the Bahamas, Richard Blankenship, indicated that the fight against drug trafficking includes not just … Read More
New Financial Force In The Caribbean
Last July, Barclays and CIBC announced that discussions were underway to combine their Caribbean retail, corporate and offshore banking operations. This intention has been confirmed now with the signing of … Read More