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PDF: MOFSTII Industries Encouragement Act: Cartwright’s Bedding

PDF: UNCTAD 15 Conference: From Inequality and Vulnerability to Prosperity for All

Building on the theme of the UNCTAD14 conference, which emphasized the need to move from decision to action, UNCTAD’s 15th quadrennial conference, UNCTAD15, seeks a concrete decade of action in pursuit of the Sustainable Development Goals.

PDF: Building a Trade and Investment Partnership with Rising Africa

Published: 31 Aug, 2021 Many Caribbean countries mark Emancipation in the month of August. Indeed, the CARICOM Community celebrates this historical milestone on 1st August annually. During this time, we reflect on the end of slavery which will forever remain a stain etched on the collective conscience of humanity.

PDF: GATEWAY Magazine, Fall Edition 2021: “The Bahamas from A 360 Perspective”.

Please enjoy the GATEWAY Magazine, Fall Edition 2021 with insights on “The Bahamas from A 360 Perspective”. You can access the online version here: GATEWAY MAGAZINE FALL 2021.

MOFSTII FinTech Digital Assets Interview with Stefen Deleveaux and Dr. P. Jillian Bethell. 

Early this year, The Ministry of Financial Services, Trade & Industry and Immigration had a fascinating sit-down with Mr. Stefen Deleveaux, President Caribbean Blockchain Alliance and Dr. P. Jillian Bethell, Co-Founder & CEO, IslandBit Limited as a follow up to the FinTech and Digital Assets Symposium held in March, 2021.

PDF: Govt meets with stakeholders on implementation of global corporate income tax

The Bahamas took its first steps toward implementing a global minimum corporate income tax, after the government met with financial industry stakeholders to brief them on the adoption of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting.

PDF: Bahamas Endorses International Taxation Reform

PDF: 2021 Budget Communication 2021

Opalesque – How ‘Tiny’ Bahamas Beat Global Giants In The Central Bank Digital Currencies CBDC Race

Since 2019, The Bahamas is the global leader in e-money when it launched its “sand dollar” – a digital version of the Bahamas Dollar and controlled by the central bank – effectively beating China’s “digital renminbi” by six months.

Bahamas Can’T ‘Sideline Itself’ Over Tax Reforms

Gowon Bowe, Fidelity Bank (Bahamas) Chief Executive The Bahamas cannot afford to “sideline itself” by remaining aloof from international tax reform agreements, a prominent banker argued yester

Economic contribution from financial services sector grows 4.4 percent

The financial services sector’s contribution to government revenue increased by 4.4 percent in 2020, amounting to $164.4 million collected from taxes and fees, according to a financial services sector surve

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

G-7 nations reach historic deal on global tax reform

LONDON — The finance ministers of the most advanced economies, known as the Group of Seven, have backed a U.S. proposal that calls for corporations around the world to pay at least a 15% tax on earning

Bahamas ‘Can’T Alter Taxation On A Dime’

The Bahamas “does not have the luxury of changing its tax system on a dime”, a Cabinet minister argued yesterday amid escalating pressures for a minimum global corporate tax r

Manufacturing in The Bahamas Webinar: Concessions and Tax Breaks for Local Businesses

FinTech and Digital Assets Webinar

Bahamas delisted from FATF grey list

The Bahamas has officially been removed from the Financial Action Task Force’s (FATF) grey list of nations…

MOFSTII Report Remarks- Min. Elsworth Johnson

On Thursday, October 22nd, 2020, the Hon. Elsworth Johnson delivered a live report to the people of the Commonwealth of The Bahamas on the work of the Ministry of Financial Services, Trade & Industry and Immigration.

Department of Immigration launching three major initiatives in the coming weeks

The Ministry of Financial Services, Trade & Industry and Immigration is launching a number of Immigration-related improvements as the Ministry works to realize the government’s agenda for improving the ease of doing business and accelerating the digital transformation of government service

Improved trade between the Bahamas and UK to come as economic partnership agreement talks begin

Nassau, The Bahamas, July 29th, 2020— On Monday 27 July, the Government of The Bahamas and the British High Commission Nassau met to discuss increasing trade between the UK and The Bahamas, primarily through the domestic ratification of the CARIFORUM-UK Economic Partnership Agreement (EPA), signed in London in 2019.

Johnson: Trade could become third pillar of economy

Elsworth Johnson, minister of financial services, trade and industry and immigration, told an internet-based conference that the government is hoping to significantly reduce graft by eliminating cash payments for work, residency and other permit types.

Despite cuts promotions and new hires planned for Immigration Department

NASSAU, BAHAMAS — Notwithstanding a nearly $5 million reduction for wages and salaries in the Department of Immigration’s budget, Minister of Immigration Elsworth Johnson said the department plans to acquire between 60 and 100 additional immigration officers in the upcoming fiscal per

Immigration Detention Plans

ZNS (via Youtube.

Govt Not Hostage To WTO Target dates

Elsworth Johnson, minister of financial services, trade and industry and immigration, told an internet-based conference that the government is hoping to significantly reduce graft by eliminating cash payments for work, residency and other permit types.

Detention Centre On Inagua Still Govt Plan

Elsworth Johnson, minister of financial services, trade and industry and immigration, told an internet-based conference that the government is hoping to significantly reduce graft by eliminating cash payments for work, residency and other permit types.

Budget Communication by Minister Elsworth Johnson

Elsworth Johnson, minister of financial services, trade and industry and immigration, told an internet-based conference that the government is hoping to significantly reduce graft by eliminating cash payments for work, residency and other permit types.

Immigration promotions in the works

eNews (via Youtube.

2020/2021 Budget Debate Immigration promotions

ZNS (via Youtube.

Ministry of Financial Services Remains ‘Open for Business’

FOR IMMEDIATE RELEASEFrom: Bahamas Information ServicesMay 22, 2020 Ministry of Financial Services Remains ‘Open for Business’ By Betty Vedrine NASSAU, The Bahamas — Minister of Financial Services, Trade & Industry and Immigration, the

Immigration: Minister Addresses 350 Bahamian financial services industry executives

Elsworth Johnson, minister of financial services, trade and industry and immigration, told an internet-based conference that the government is hoping to significantly reduce graft by eliminating cash payments for work, residency and other permit types.

Govt. making significant progress on tax residency legislation

NASSAU, BAHAMAS — Substantive progress is being made on the tax residency certificate legislation, according to Elsworth Johnson, Minister of Financial Services, Trade & Industry and Immigratio

More Than 350 Set To Attend Financial Services Briefing

More than 350 financial services executives had confirmed they will attend tomorrow’s government briefing that will be led by remarks from Prime Minister Dr Hubert Minnis. The virtual symposium is being staged by the Ministry of Financial Services, Trade and Industry and Immigration, and will begin at 10a

RUSSIAN NON-RESIDENT AMBASSADOR PAYS COURTESY CALL ON MINISTER SYMONETTE

NASSAU, Bahamas (BIS)– His Excellency Andrei A. Guskov (right), Non-Resident Ambassador Designate of the Russian Federation to the Commonwealth of The Bahamas, paid a courtesy call on the Hon. Brent Symonette, Minister of Financial Services, Trade and Industry and Immigration, on Friday, February 15, 2019 at the Ministry. (BIS Photo/Raymond A. Bethel, Sr.) Source: Bahamaschronicl

US Department of State Officials Pay Courtesy Call on Minister Symonette

NASSAU, The Bahamas — Officials from the US Department of State paid a courtesy call on Minister of Financial Services, Trade & Industry and Immigration, the Hon. Brent Symonette (second left), on August 23, 2018. Source: ENew

Bahamas Red Cross Executives Pay Courtesy call on Minister Symonette

The President and Executives of the Bahamas Red Cross Society paid a courtesy call on Minister of Financial Services, Trade & Industry and Immigration the Hon. Brent Symonette on Monday morning at the Ministry. Source: BahamasLocal.

US Embassy Charge d’Affaires Paid a Courtesy Call on Minister Symonette

US Embassy Charge d’Affaires Ms. Stephanie Bowers paid a courtesy call on Minister of Financial Services, Trade & Industry and Immigration the Hon. Brent Symonette on Monday, March 26, 2018 at the Ministry. (BIS Photo/Derek Smith) Source: BahamasLocal.

Ambassador of Austria pays courtesy call on Minister Brent Symonette

Nassau, The Bahamas – Ambassador of Austria to The Bahamas, His Excellency Wolfgang Walder (right) paid a courtesy call on the Minister of Financial Services, Trade & Investment and Immigration the Hon. Brent Symonette at the Ministry’s offices, November 16, 2017.

Deputy Chief of Mission of Israel to Belize and The Bahamas Pays Courtesy Call on Minister Symonette

NASSAU, The Bahamas — Deputy Chief of Mission of Israel to Belize and The Bahamas, Mr. Alon Lavi paid a Courtesy Call on the Minister of Financial Services, Trade & Industry, and Immigration, the Hon. Brent Symonette at the Ministry on Monday, 16th October, 2017. (BIS Photo/ Kristaan Ingraham) Source: Bahamas.Gov.

Ambassador of Italy pays courtesy call on Minister of Financial Services & Immigration

NASSAU, The Bahamas — H.E Armando Varricchio, Ambassador-designate of Italy paid a Courtesy Call on the Minister of Financial Services & Immigration, the Hon. Brent Symonette at The Ministry of Financial Services & Immigration on Monday, 16th October, 2017. (BIS Photo/Kristaan Ingraham) Source: TheBahamasWeekly.

Remarks by Minister of Financial Services at 2017 Nassau Conference

Ladies and gentlemen, a pleasant good morning. It gives me great pleasure to extend greetings to mark the opening of the Nassau Conference. My Ministry recognizes the significant impact The Association of International Banks and Trust Companies has on the financial services industry.

Ernst & Young Executives pay courtesy call on Minister Symonette

Ernst & Young executives paid a courtesy call on Minister of Financial Services, Trade & Industry and Immigration the Hon. Brent Symonette at the Ministry on September 1, 2017.

Members of the Guyana-Bahamas Association paid courtesy call on The Hon. Brent Symonette

Members of the Guyana-Bahamas Association paid a courtesy call on Minister of Financial Services, Trade & Industry and Immigration the Hon. Brent Symonette, August 23, 2017, at the Ministry’s offices. Source: BahamasLocal.

BTHA representative meet with Minister

Representatives from the Bahamas Tourism and Hotel Association (BTHA) meet with the Minister of Financial Services, Trade & Industry, and Immigration. Source: NassauGuardian.

Courtesy Calls on Minister Symonette with STEP Bahamas Team

NASSAU, The Bahamas — The Society of Trust and Estate Practitioners (STEP) paid a courtesy call on Minister of Financial Services, Trade & Industry and Immigration the Hon. Brent Symonette, July 21, 2017 at the Ministry’s offices. Source: Bahamas.Gov.

Chinese Ambassador visits FS Minister

Ambassador of the People’s Republic of China to the Commonwealth of The Bahamas Huang Qinguo paid a courtesy call on the Minister of Financial Services, Trade & Industry and Immigration Brent Symonette at the Ministry’s offices, July 13, 2017. Source:TheBahamasInves

Courtesy Calls on the Minister of Financial Services Aliv CEO Damian Blackburn

NASSAU, The Bahamas — Members of Aliv executive team paid a courtesy call on Minister of Financial Services, Trade & Industry and Immigration, the Hon. Brent Symonette and senior members of the Ministry at its offices, recently. Source: Bahamas.Gov.

AIBT holds AGM

The Association of International Banks and Trust Companies in The Bahamas (AIBT) held its Annual General Meeting June 22, 2017 during which co-chairman Bruno Roberts recapped a busy and productive year for the industry association. Source: TheBahamasInvestor.

Bahamas Insurance Association Calls on Minister of Financial Services

The Bahamas Insurance Association (BIA) recently called on the Minister of Financial Services, Trade and Industry and Immigration, The Hon. Brent Symonette. Having recently held its AGM, the new executive team of the BIA, led by chairman, Emmanuel O. Komolafe, sought to meet the new Minister and introduce the BIA and its objectives. Source: BahamasLocal.

Bahamas Institute of Financial Services pays courtesy call on Minister Brent Symonette

The Bahamas Institute of Financial Services paid a courtesy call on Minister of Financial Services the Hon. Brent Symonette on Thursday, May 25, at the Ministry. Source: BahamasLocal.

Deltec Bank & Trust Ltd. courtesy call

NASSAU, The Bahamas — Deltec Bank & Trust Ltd. executives paid a courtesy call on the Minister of Financial Services, Trade & Industry and Immigration the Hon. Brent Symonette, May 25, 2017. Source: Bahamas.Gov.

Haitian Ambassador Pays Courtesy Call on Minister Symonette

Haitian Ambassador to The Bahamas His Excellency Jean Victor Geneus, left, paid a courtesy call on the Minister of Financial Services, Trade & Industry and Immigration the Hon. Brent Symonette at the Ministry’s offices on June 29, 2017. Source: DiveExuma.

Bahamas Cabinet Ministers Sworn In (2017)

NASSAU, Bahamas — Fourteen men and one woman took the oath of office on Monday during a ceremony at Government House in The Bahamas, bringing an end to speculation over who would make up the new Cabinet. Source: TheCarribeanRadio.comDate: Tuesday, May 16, 2017 Full Article: https://www.thecaribbeanradi

New Cabinet Sworn In (2017)

Free National Movement Members of Parliament forming the new government of the Commonwealth of The Bahamas were sworn in as Cabinet Ministers by Governor General Dame Marguerite Pindling at Government House May 15, 2017. Source: TheBahamasInvestor.comDate: Tuesday, May 16, 2017 Full Article: http://www.thebahamasinvestor.