The Bahamas International Securities Exchange (BISX) has announced that shares of Guarany Partners II Fund Ltd. SAC Class A Investor Shares (the “Class A Shares”) as well as Guarany Partners II Fund Ltd. SAC Class B Investor Shares (the “Class B Shares”) have successfully completed the BISX Mutual Fund Listing Process. As a result, these shares have now been added to the roster of funds listed on the Exchange. Guarany Partners is an open-ended investment fund.

The Bahamas has expanded a tax-free shopping scheme for tourists in order to remain competitive after the island-state introduced VAT at the rate of 7.5% last year.