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BFSB, government Canadian trade mission hailed as success

A Bahamian public-private delegation visited Toronto and Calgary in March to promote business opportunities with Canada. Bahamas Financial Services Board's (BFSB) "Bahamas Landfall" workshops were organized to coincide with a trade and investment mission led by Prime Minister Hubert Ingraham. 

Friday, April 15, 2011
Friday, April 15, 2011

More than 125 financial and business professionals from Toronto and Calgary attended the Bahamas Financial Services Board’s (BFSB) “The Bahamas Landfall: Rediscovering The Bahamas” events held in Canada at the end of last month.

“The twenty two individuals representing various Bahamian financial and business firms who participated in the Bahamas Landfall workshops had a unique opportunity for personal interaction with Canadian business colleagues,” says Wendy Warren, chief executive officer and executive director at BFSB. “These types of interactions are critical from a business development perspective.”

BFSB’s Bahamas Landfall workshops were organized to coincide with a Trade and Investment Mission to Canada led by Prime Minister Hubert Ingraham.

“The success of our Bahamas Landfall events would not have been possible without the government-led mission … and the great collaboration among the participating organizations,” says Warren.

Focal points of the trade and investment mission were luncheon presentations by the Prime Minister in conjunction with representatives from the Bahamas Investment Authority, the Bahamas Ministry of Tourism and Aviation, the Bahamas Maritime Authority and BFSB.

The Landfall seminars provided updates on developments in the international financial service industry in The Bahamas; Grand Bahama and the maritime sector; and residency and second home ownership. An update on the Tax Information Exchange Agreement (TIEA) between The Bahamas and Canada was also provided.

The seminars were made possible through strong corporate sponsorship support from Ansbacher Bahamas, ATC Trustees (Bahamas) Ltd, Butterfield Bank (Bahamas) Ltd, IP Solutions International, KPMG, Premier Fund Services, PricewaterhouseCoopers, RBC Private Wealth Management and Scotiabank.

BFSB will affirm its commitment to the Canadian market by participating in the STEP Canada National Conference, which takes place in Toronto June 2-3.

The Bahamas Landfall: Rediscovering The Bahamas

Bahamas Financial Services Board returns to Brazil for the fourth year running to represent The Bahamas at the Brasil Investment Summit (BIS). The BFSB is a Gold Sponsor of the event to be held in early May in Sao Paolo.

The Phase 1 Peer Review Report of The Bahamas has determined that The Bahamas has the necessary legal and regulatory framework in place to ensure the availability of ownership, identity and banking information; along with the requisite access to that information by The Bahamas’ Competent Authority. The Report also determined that The Bahamas has adequate mechanisms in place to allow for exchange of information with relevant partners. Download the government press release here.

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