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RECENT SECURITIES LEGISLATION establishing a sophisticated investment fund vehicle called an Investment Condominium ("ICON") under Bahamian law, is an example of The Bahamas’ enduring commitment to financial services, one extending as far back as the 1930’s.

The Higgs & Johnson Guide to Authorised Purpose Trusts ("PTs") in The Bahamas explores the unique nature of PTs, their characteristics, and their most common uses.

I give this paper with some difficulty today, understanding that in the balance, we are not accustomed to thinking that amongst our own, new ideas with profound global application are in any way possible. I say this because it is exactly the business I am in, which is to formulate new ideas applicable not only within our national limits, but also in the global international context. And, as a practical matter, I intend to use this occasion, as a sign of respect for your interest in ideas, to adv

The Executive Entities Act, 2011 (the "Act") came into force on 1 February 2012 in The Bahamas. The Act was designed to facilitate the creation, operation, management and termination of a new private wealth structure, the Executive Entity (the "BEE").

The first offshore operations in the Western Hemisphere were established in The Bahamas in 1936 by British and Canadian interests to provide management services for the investments of wealthy clients. These operations eventually became a wholly owned subsidiary of the National Westminster Bank, which was consolidated into the private banking operations of its parent company.