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As one of the most progressive jurisdictions in the world for innovative and premier trust legislation, The Bahamas provides a robust and fertile environment for tailored structures that meet the most discerning needs of high net worth individuals and families. In The Bahamas, there is the ability to have perpetual trusts, protective trusts, trusts for purposes both charitable and non-charitable, private trust companies to administer the trusts of related settlers, trust substitutes such asfoundations and pure governance structures, like the Bahamas Executive Entity. The Bahamian trust is at once a model of robustness and flexibility. However, the trust is not a...

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There is a saying, “Imitation is the sincerest form of flattery”[1]. Indeed, private client hubs around the world have beencopying each other’s products for years, though with the best intent, to provide clients with a holistic set of tools to achieve their objectives. One might not call this innovative, but innovation can be found in even the minutest of changes, for example minor amendments to legislation or policy which can give afinancial center a competitive edge. Innovation also can be found in adapting an old idea in an innovative way, repurposing it for the benefit of the financial center’s clientele....

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It is not by chance that The Bahamas is amongst the most successful international financial centers in the region today.More than80 years of thought, effort and co-operation have produced ideal conditions for High Net Worth individuals, families and businesses, as well as fund-related companies to manage wealth efficiently in comfort and style. The country’s mature financial services industry, established infrastructure, progressive government, tax neutral environment and luxury lifestyle all have been carefully cultivated to satisfy the specific needs of the most exclusive clientele. The advantages of doing business in The Bahamas are as clear as the crystal waters surrounding the 700 islands...

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By Micha-Rose Emmett  In the wake of globalization, the doors have been opened to cross-border business and a multi-jurisdictional lifestyle. Those seeking to obtain or take up citizenship, or residence rights in another country, are simultaneously gaining entry to a wider array of countries. This provides individuals with greater freedom of movement and the ability to access a more international platform. Business-minded individuals will also look to alternative citizenship or residence as a means of opening themselves up to new and lucrative international business opportunities, and of expanding their global presence. It is public knowledge that a global class of highly skilled professionals,from...

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While the Commonwealth of The Bahamas and the People’s Republic of China established diplomatic relations in 1997, a robust relationship between the two countries -- created through trade, investment and the movement of people -- has existed for decades. Michael Craton and Gail Saunders (1998), in their seminal work on the modern history of The Bahamas, note that this relationship goes back to the late 1870s with the arrival of Chinese families in Nassau. Today Bahamians of Chinese descent occupy prominent places in industry, commerce, civics and philanthropy. The Bahamas and China continue to enjoy harmonious relations with deep cooperation...

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Anton Theuma, Director Paragon Europe. What could be better than doing business with a group of islands – the Maltese Islands - in a relaxed atmosphere, in ideal climate conditions, genuine food and meeting hospitable people? Situated in southern Europe, in the middle of the Mediterranean Sea, the Maltese islands offer the above and much more. The islands have been members of the European Union since 2004 but they also have excellent business relations with neighbouring regions such as North Africa and the Middle East.Paragon Europe: Your Business PartnerSet up in 2004, Paragon Europe (www.paragoneurope.eu) is a services -based company offering...

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Certainty and Security.  Malta is, as a civil law country within the European Union with a distinct Anglo-Saxon heritage, well placed to offer the benefits of both systems in a trust and foundation context. The Maltese Trusts and Trustees Act, together with the relevant provisions in the Maltese Civil Code, offers a robust framework for both trusts and foundations. Together with the Maltese Companies Act which regulates limited liability companies and partnerships, Malta can provide the legal entities and structures needed in international financing, wealth management, trading and other areas of business. International Finance Centre Malta has quietly emerged as...

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By David Richardson, Mid-Ocean Consulting Ltd.Foreign nationals planning on a move to the U.S. need consider pre-immigration planning to protect their assets from risk of attachment and the rising level of taxation on the wealthy. The following is a brief on planning that could exempt assets from such seizure and taxation.  Absent major tort reform, wealthy Americans (and increasingly, HMW individuals internationally), are seeing a rise in litigation to historically elevated levels; on a per capita basis, far greater than any other country in the world. And the increase shows no sign of abating. Added to which, increased taxation to...

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