The Bahamas Investor

...itional 60 in 2018 Added a record number of new clients, including leading financial services organizations and governments in the region Introduced Carib365, which allows Cloud Carib to keep client data in the Caribbean region – outside the US and Europe – thereby ensuring data privacy Announced service extensions into Panama, Barbados and Jamaica, and additional regional sites planned for Trinidad and Tobago, the Cayman Islands, and other Centra......

...and their technical teams, especially the Ministry of Finance, Ministry of Financial Services, Trade and Industry & Immigration and the Office of Attorney General & Legal Affairs, who worked along with the Bahamas Financial Services Board (BFSB ) and the Association of International Banks and Trust Companies (AIBT ) and other financial services industry partners, forming a high level technical working group dedicated to addressing this issue and t......

....” A new paradigm “Great strides” in the aviation sector has created a platform “for great economic growth and development throughout our country,” says Hanna-Martin. The first step in that direction was to correct a major deficiency. As the Civil Aviation Department celebrated its 70th anniversary in 2016, the government brought two landmark legislations to Parliament. Since its inception, the department had operated as both regulator and service......

...vironment, stronger infrastructure, and a more educated, sophisticated workforce is necessary for the country to sustain high growth and to become strong. “The government reaching back to the 1970s has consistently provided special incentives and encouragement to Bahamian entrepreneurs through various government agencies and by the passage of special incentive legislation.” “The establishment of The Bahamas Development Bank , The Bahamas Industria......

...spending also continued to show improvement, as evidenced by rising demand for foreign exchange for the purchase of goods and services from abroad. Given the level of construction activity, the onboarding of staff for Baha Mar, and some public sector recruitments, employment conditions improved over the six months to May 2017, pushing the jobless rate below double digit levels for the first time in almost a decade. Fiscal developments featured a f......

...executive director. “Landfall events were strategically conceived as a platform for conveying The Bahamas Advantage for private wealth and asset management, residency and international business, engaging multiple stakeholders.” Bahamas Landfall presentations will feature Bahamian practitioners and fund managers who will provide an update on investment funds in The Bahamas. Also to be featured will be the Bahamas Investment Condominium, known as th......

...luding a captive, in The Bahamas provides a financially safe and sound platform for those entities desiring to take advantage of the synergies within our financial services sector. Given The Bahamas’ rich history and success in the banking and trust sectors, the country has, over the last few decades, developed significant expertise in financial services and the related ancillary services, which can be leveraged by the international insurance sect......

Pictured: Minister of Financial Services Hope Strachan delivers opening remarks during the first information session of The Bahamas’ Trade Information Service Desk and Electronic Portal at SuperClubs Breezes January 18, 2017. (BIS Photo/Patrick Hanna) The Ministry of Financial Services conducted an information session on The Bahamas’ Trade Information Service Desk and Electronic Portal at SuperClubs Breezes January 18, 2017. The official launch o......

...iscuss the latest developments in all areas of The Bahamas’ broad range of financial services.” She continues, “Innovation is the catalyst behind The Bahamas Advantage for wealth management, asset management and other financial services. Whether it’s ground-breaking trust and foundation legislation, SMART©Funds, or our latest asset management product, the ICON, The Bahamas continues to sharpen its advantage as a hub for asset and wealth management......

...ation going through change as Tanya McCartney takes control of the Bahamas Financial Services Board. Her work, together with the Ministry of Financial Services, in promoting The Bahamas overseas is vital to the continued success of the jurisdiction as an international financial services centre. Talking about her marketing and trade missions abroad she says: “We look at the toolkit in terms of what products and services we have and the ones we want......

...lobal changes. Game-changing technology In a report last year, Minister of Financial Services Hope Strachan said The Bahamas needed to vary, diversify and most of all, fortify its banking sector by providing more banking licenses where qualified applicants exist. But technology has ripped up the geographical landscape and the traditional bricks-and-mortar model of private banking and wealth management. For example, a bank licensed in a Caribbean j......

...s World Bimini, including massages, facials, hand and foot therapies, nail services, salon services and make up artistry. To complement these highly personalized services, premier products will be available to enjoy long after departing the luxury boutique spa in Bimini. Guests can also take in unbeatable island views from the hotel’s fitness center, which offers the latest strength and cardio equipment. “The completion of our phase two opening br......

...dustry has always demonstrated her commitment to the sustainability of the financial services sector, no matter what hat she has been wearing at any given time. She has been an Ambassador of the industry and has taken time to give back to the sector and to the business community at large, while retaining a self-effacing persona that belies the giant of a woman that she is.” In 2001 when BFSB introduced its FSI Excellence Awards programme, Roberts......

...nt pace. If you know what [the production’s] needs are going to be you can foresee things and prepare for whatever delays come up and let the clients know why. But most of my clients travel the world and they are used to adjusting to different cultures, places and ways of life.” The client roster at Shake Productions, started in 2001 by Gonzalez and business partner Shane Hudepohl, reads like a “who’s who” of the world’s top magazines, fashion age......

...we share the same commitment. Resorts World will provide Bimini a Bahamian style hotel, which will offer more than 350 rooms and 25 villa suites. The hotel will provide 100 construction jobs for Bahamians and additional 350 permanent jobs for Bahamians and associates. After the expansion, the total employee count will be a total of 800 persons.”......