Bahamas Legislative Framework
The Constitution of The Bahamas is based on the Westminster Model, allowing for three distinct branches under the Governmental Structure. These include The Executive Branch, The Legislative Branch, and the Judicial Branch.
Overview of Legislative Framework
- A Trusted Common Law System: The Bahamian legal system is rooted in English common law, providing a familiar and reliable framework for international business. This foundation offers predictability, transparency, and consistency—qualities that are highly valued by investors, financial institutions, and multinational families.
- Independent Judiciary and Privy Council Appeal: The Bahamas maintains an independent judiciary, upholding the rule of law and ensuring fair, impartial dispute resolution. The country’s final court of appeal is the Judicial Committee of the Privy Council in London, providing an additional layer of assurance for clients seeking the highest standards of legal recourse.
- Strong Privacy Laws and Client Confidentiality: Client confidentiality is a hallmark of The Bahamas’ financial services sector. Robust privacy laws protect sensitive information, while strict regulatory standards ensure that data is handled with the utmost care. This commitment to confidentiality enables clients to structure their affairs with confidence, knowing that their privacy is safeguarded within a well-regulated environment.
