BFSB Chief Awaits Talks Over ‘Structural Reform’

A senior Bahamas Financial Services Board (BFSB) chief executive yesterday said she anticipates wide-ranging talks on “overall structural reform” to make the economy more resilient will take place shor

Bahamas leads OACPS panel discussions on EU blacklisting

BRUSSELS, BELGIUM — The Organisation of African, Caribbean and Pacific (OACPS) responded to the resolution of the 111th OACPS Council of Ministers to organize a virtual seminar on Tax Matters and Anti Money Laundering (AML) and Countering the Financing of Terrorism (CFT) to discuss the state of play of member states and brainstorm on a

Govt Mulling $1m Investment Floor For Permanent Residency

Minister ELSWORTH Johnson in Parliament (Minister of MOFSTII) Photo Credit: Tribune The government is eyeing a $1m minimum for investors to qualify for economic permanent residency by making non-real estate investments in The Bahamas, a Cabinet minister revealed last night.

IMF: Bahamas among regional OFCs attracting $4.3B from China

A new International Monetary Fund (IMF) working paper has revealed that China has channeled more than $4 billion into Caribbean-based offshore financial centers (OFCs), including The Bahamas. The paper, titled “Chinese Investment in Latin America: Sectoral Complementarity and the Impact of China’s Rebalancing”, revealed that in 2019, Latin America and the Caribbean (LAC) attracted

Bahamas Can’T Be ‘Burnt’ Over 15% Corporate Taxes

The government yesterday pledged it will not be bullied by this weekend’s 15 percent minimum global corporate tax deal amid warnings that The Bahamas cannot afford to be “burnt” by any knee-jerk response The Ministry of Finance, in a statement responding to the agreement announced by the G-7 (group of seven) finance ministers, indicated it