Bahamas Fund Industry
Financial services is a significant sector of the Bahamian Economy. Accounting for approximately 20% of The Bahamas’ GDP, the financial services industry is a mature, highly sophisticated and highly successful sector. Constant vigilance as regards to legislation and compliance together with an innovative approach has kept the jurisdiction ahead of the competition in many fields.
As one of very few truly independent and sovereign territories operating as an International Financial Center, the value that The Bahamas offers is in:
- Delivering superior service in structuring and tailoring financial services products to meet client needs.
- Providing expertise and innovative ideas in the area of trust and private banking, capital markets and family office business.
- A common law judicial system with the highest Court of Appeal being the UK Privy Council.
- A large cadre of experienced, educated and skilled professionals.
- A neutral tax platform in which there is no income, capital gains and inheritance taxes.
- Commitment to compliance with OECD standards and EU criteria