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News & Press - Sep 23/18

 

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Bahamas signs TIEA with Japan

Deputy Prime Minister and Japanese Ambassador sign Tax Information Exchange Agreement in Nassau last week, bringing the total number of TIEAs inked by the Bahamian government to 23. This is the second agreement finalized with a major Asian economy, following one with China. 

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TheBahamasInvestor.com
Tuesday, February 1, 2011
Tuesday, February 1, 2011

Vastly outstripping the number of Tax Information Exchange Agreements (TIEAs) required by Organisation for Economic Co-operation and Development (OECD) member nations, The Bahamas last week officially concluded a tax treaty with Japan.

The requisite number of TIEAs stipulated by the OECD for international tax compliance is 12. The Bahamas has now signed TIEAs with 17 OECD members and nine members of the G-20.

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FATCA comes into effect January 1, 2013, and will have an impact on all foreign institutions that have any dealings with US clients directly or indirectly 

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TheBahamasInvestor.com
Wednesday, January 26, 2011
Wednesday, January 26, 2011

As the US continues its global initiative for greater transparency and compliance in regards to the financial dealings of its citizens, increased regulations are becoming an occupational hazard for financial services providers in offshore jurisdictions. The latest raft of compliance measures addresses operational accounting methods and will come into force on January 1, 2013.

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Top realtor predicts growth

Last year had its challenges, but Bahamas Realty founder, Robin Brownrigg, is optimistic signs of growth will start to show in 2011. The veteran realtor says that prudent lending by Canadian banks insulated the island nation from the worst of the crash. 

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TheBahamasInvestor.com
Wednesday, January 26, 2011
Wednesday, January 26, 2011

Despite a recent drop in house values and sales, the future looks bright for the Bahamian real estate sector, according to industry leader Robin Brownrigg, president and founder of Bahamas Realty.

Despite a tough year financially last year, Brownrigg believes that the sector is poised for recovery and has weathered the storm well–partly due to its reliance on Canadian rather than US banks.

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Leading local petroleum company says island nation may still have hidden reserves 

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TheBahamasInvestor.com
Thursday, January 20, 2011
Thursday, January 20, 2011

A petroleum company remains confident that The Bahamas could prove to be an untapped well for oil and gas discoveries, although decades of sporadic explorations have met with negligible success.

“The potential for supergiant fields is present, possibly half a billion barrel fields and greater,” says Dr Paul Crevello, Bahamas Petroleum Company Plc (BPC) chief operating officer.

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Winterbotham Trust Company celebrates its twentieth anniversary in style, as it looks to expand its presence in Asia 

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TheBahamasInvestor.com
Thursday, January 20, 2011
Thursday, January 20, 2011

Winterbotham Trust Company Ltd founder Geoffrey Hooper established the financial services firm in 1990, after spending many years in banking in Spain and Latin America. It was while working in Uruguay for Lloyd’s Bank that the banker saw an opportunity to branch out on his own, initially targeting two niche markets: back office accounting and basic banking services.

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The Bahamas Investor relaunches Internet site 

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TheBahamasInvestor.com
Thursday, January 13, 2011
Thursday, January 13, 2011

In an effort to bring investors the most relevant, up-to-date and easily accessible information about living and working in The Bahamas, Etienne Jr Dupuch Publications Ltd has completely overhauled The Bahamas Investor magazine’s website thebahamasinvestor.com.

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Construction of $30-million, state-of-the-art sports stadium in Nassau is on schedule, as Chinese workforce overcomes obstacles 

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TheBahamasInvestor.com
Tuesday, January 11, 2011
Tuesday, January 11, 2011

The new, state-of-the-art, $30-million Thomas A Robinson National Stadium is nearing the final phase of construction, according to project manager and former Bahamas National team sprinter Iram Lewis.

“Considering the official groundbreaking ceremony only took place in July 2009, it is incredible how far we have come in such a short space of time,” he says.

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Modern facility in Freeport marks key stage in college's Family Island development, as Nassau campus library construction continues 

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TheBahamasInvestor.com
Tuesday, January 11, 2011
Tuesday, January 11, 2011

With little fanfare, classes began January 10 at The College of The Bahamas’ (COB) new $10-million Northern Bahamas Campus (NBC) in east Grand Bahama.

The 50-acre development is a part of the 220 acres granted to the college by the Grand Bahama Port Authority.

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Targeting wealth management, investment funds, captive insurance events and conferences, the Bahamas Financial Services Board travelled the world in 2010, promoting the jurisdiction to specific markets. 

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TheBahamasInvestor.com
Friday, January 7, 2011
Friday, January 7, 2011

Conference participation has become a proven and effective strategy for the Bahamas Financial Services Board (BFSB) to have direct interaction with decision makers, as well as presenting the overall depth of the Bahamas financial services industry. Last year was no exception, with BFSB and many of its members involved in no less than 20 events around the world.

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A new entity, launched New Year’s Day, combines resources of two organizations to increase effectiveness, and strengthen advocacy for local businesses. 

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TheBahamasInvestor.com
Friday, January 7, 2011
Friday, January 7, 2011

On January 1, 2011, the Employers Confederation (BECon) and the Bahamas Chamber of Commerce (BCOC) consolidated to form one organization.

The new entity, called the Bahamas Chamber of Commerce and Employers Confederation (BCCEC), became the only national private sector advocacy organization whose membership is open to all employers and businesses in The Bahamas, regardless of size or sector.

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