Search results for : ibc
IBC payments decrease 8.8 per cent
July 17, 2011
IBC payments decrease 8.8 per cent
A 1,860 contraction in active Bahamas-domiciled International Business Companies (IBCs) to 42,745 reduced fee payments to the Government by 8.8 per cent - from $20.1 million to $18.3 million - in 2010, a Central Bank of the Bahamas report has revealed.
November 29, 2018
Bill requires IBCs to prove substantial economic presence locally
Commercial entities operating in The Bahamas now know what will be required of them to prove they have a substantial economic presence in The Bahamas - as is now required by international financial services watchdogs - and are not simply taking advantage of this country's [...]
The post Bill requires IBCs to prove substantial economic presence locally appeared first on The Nassau Guardian.
Tabled bills remove anonymity, exemptions for IBCs
November 29, 2018
Tabled bills remove anonymity, exemptions for IBCs
The government set the stage yesterday to become fully compliant with the international financial sector watchdogs' rules on how international business companies (IBCs) should operate when outside of the home jurisdiction of their beneficial owners, by tabling a number of bills that will change the [...]
The post Tabled bills remove anonymity, exemptions for IBCs appeared first on The Nassau Guard...
April 03, 2018
Turnquest: EU's call for more 'economic substance' in IBCs an opportunity
The European Union's (EU) call for proof of more "economic substance" in international business companies (IBCs) registered in The Bahamas presents an opportunity to attract more locally domiciled corporations, "if done right", Deputy Prime Minister and Minister of Finance Peter Turnquest suggested yesterday. Turnquest said [...]
December 23, 2016
IBC FirstCaribbean Donation helps sick Children Acquire Treatment
?We are thankful for this CIBC FirstCaribbean donation which will go toward the aid and medical care of children afflicted with heart disease or who need heart surgery,? said Thelma Johnson, president of the Sir Victor Sassoon Heart Foundation...
IBC pilot project live December 1
November 16, 2014
IBC pilot project live December 1
Attorney General Allyson Maynard-Gibson disclosed that the target date for the IBC Pilot Project in the Registrar General's Department, which will allow international business companies (IBCs) to be incorporated online, is December 1, with a similar pilot project for companies set to go a week later.
Speaking at the gala ceremony for the Bahamas Financial Services Board's (BFSB) Annual Financial S...
IBC directors urged: 'Ensure all deals legit'
March 05, 2012
IBC directors urged: 'Ensure all deals legit'
By NEIL HARTNELL
Tribune Business Editor
BAHAMIAN financial services professionals were yesterday urged to take their responsibilities as International Business Company (IBC) directors seriously and "make sure every transaction is legitimate", one well-known executive saying he had almost paid a hefty price over this.
Anthony Howorth (see letter on Page 2B), one of two Bahamas-based financial s...
Public liens make IBCs 'a bit unique'
January 25, 2012
Public liens make IBCs 'a bit unique'
By NEIL HARTNELL
Tribune Business Editor
THE ABILITY to file liens in the public registry against the shares and assets of International Business Companies (IBCs) makes these vehicles "a little bit unique and creates an advantage" for the Bahamas, a senior attorney noting they were "more regulated" than domestic companies.
Bryan Glinton, partner in the Glinton, Sweeting & O'Brien law firm, sai...
IBC Travel To Significantly Increase Bimini Airlift
August 03, 2011
IBC Travel To Significantly Increase Bimini Airlift
Bimini is slated to receive additional airlift capacity of around 1,000 passengers per month - the result of a partnership between the island's premier resort and IBC Travel. Scheduled to commence from August 15, IBC Travel is expanding its service to the island, adding Miami to its schedule for direct daily non-stop flight services to Bimini. Bill Lee, general manager of Bimini Bay Resort & Marin...
February 28, 2024
Op-Ed: Brave 'Papa Tax' Davis and his mid-year budget
Brave 'Papa Tax' Davis and his mid-year budget The mid-year budget communication has come and gone. As expected, the government sought to pat itself on the back and convince the populace that they are doing a great job as stewards of the people. It was apparent that the objective was to ensure that the populace [...]
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