Tanya McCartney, CEO & Executive Director, Bahamas Financial Services Board, reports:
It's not by chance that The Bahamas is the most successful international financial centre in the Caribbean today. More than 80 years of thought, effort and co-operation have produced ideal conditions for (Ultra) High Net Worth individuals, families and businesses to manage their wealth efficiently in comfort and style.
The country’s mature financial services industry, established infrastructure, progressive government, tax- neutral environment and luxury lifestyle have all been carefully cultivated to satisfy the specific needs of this most exclusive clientele. The many advantages of doing business in The Bahamas are as clear as the crystal waters surrounding the 700 islands of the archipelago:
Strategic Location
The Bahamas is situated at the Crossroads of the Americas, just 65 miles off the east coast of Florida. It's an ideal hub for regional investment and business in the Eastern United States and Canada, and much of Central and South America.
Political and Economic Stability
The Bahamas has an outstanding record of political and economic stability, progress and stewardship. With more than 280 years of uninterrupted parliamentary democracy, it has been an independent nation since 1973, and retains a Westminster-based system of Government and an English-based legal system.
Wealth and Asset Management Options
The Bahamas offer owners of capital a broad choice of financial institutions that deliver myriad services including banking, private banking and trust services, investment fund administration, capital markets, investment advisory services, accounting and legal services, e-commerce, insurance and corporate and shipping registries.
Physical Resources
The Bahamas has developed its land, premises and fit-for-purpose infrastructure with the singular focus of facilitating international business.
Human Capital
The Bahamas has a highly educated local workforce and a long tenure in financial services excellence which has created a deep pool of skill and experience that is recognised and trusted worldwide.
Expertise: Private Wealth Management
With more than 80 years of expertise in financial services, few jurisdictions offer the wealth management experience that The Bahamas has to offer. This heritage is the basis for the strong legal framework that has been cultivated for financial services, an investment climate that has been nurtured through years of maturity, and a stable and predictable business environment anchored by the thousands of Bahamian wealth management professionals who work side-by-side with expatriate colleagues in the more than 250 financial institutions that call The Bahamas their home.
Private wealth management continues to be the centre stage for financial services in The Bahamas facilitated by a diverse suite of products of which banking and trust services are the centrepieces.
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