Bahamas: Wealth Management

Are individual shareholders ‘transferors' for the purposes of the UK's transfer of assets abroad regime?

Since 2001, international organisations such as FATF have pressured offshore financial centres like the Bahamas to pass legislation to increase transparency within our financial services sector.

THE BAHAMAS AND THE UNITED STATES OF AMERICA FOREIGN ACCOUNT TAX COMPLIANCE AGREEMENT BILL, 2015 was passed by the Bahamian Parliament on 7th August 2015 and now only awaits the Assent of the Governor-General before becoming an Act of Parliament.

Are individual shareholders ‘transferors' for the purposes of the UK's transfer of assets abroad regime?

The Bahamas is a part of the British Commonwealth and your IBC (International Business Company) can be incorporated in an economically and politically stable country, where income, capital gains, inheritance and transaction tax is not imposed for a period of 20 years from the date of incorporation.

A Bahamas International Business Company can be incorporated in three days.

The 'great wealth transfer will see $84 trillion- plus move between generations over the next two decades. High-net-worth individuals (HNWIs) are looking to wealth...

On July 10th, 1973, The Bahamas achieved a historic milestone by transitioning from a 300-year-long colony to an Independent Nation.

The Bahamas Financial Services Board partnered with Global Fund Media Group/Hedgeweek to host our annual Bahamas Spotlight event in London (U.K.) at Six Park Place...

Are individual shareholders ‘transferors' for the purposes of the UK's transfer of assets abroad regime?

On July 10th, 1973, The Bahamas achieved a historic milestone by transitioning from a 300-year-long colony to an Independent Nation.

Industry stakeholders welcome today's decision and the positive impact we anticipate that it will have on the financial services sector and on investor confidence generally.