´SAC´ Provides Additional Bahamas Advantage

The Segregated Accounts Companies (SAC) Act expands the legislative framework that strengthens The Bahamas' comparative advantage in the securities and capital markets areas.

An SAC may segregate each of its assets into separate accounts which are thereby shielded from exposure to losses or claims of creditors of the SAC itself, or on other accounts within the SAC. Also known as a Protected Cell Company, an SAC allows the compartmentalization of risks within a single corporate structure. As a result, the financial performance of an individual account does not affect any other accounts of the SAC itself.

In effect, the separate accounts of the SAC act like separate limited companies -- but all under common management -- reducing senior management time, capital requirements, administration and costs.