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Recent Bahamian companies’ law reform that took effect during 2012 introduced the shadow director concept.

To recap, the ICON is intended to be an alternative to a traditional company, unit trust or exempted limited partnership vehicle for use in relation to investment funds.

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.