Introduction to The Bahamas:

The Commonwealth of The Bahamas, one of the largest financial centres in the world, is directly accessible from a number of major cities. It shares the same time zone as New York, Toronto, and Miami, making it especially convenient for international investors and businesses operating out of those North American business centres.

One of the jurisdictions most notable attributes is the complete absence of income tax. Capital gains and estates are equally free from taxation, making The Bahamas an attractive place to conduct business. The Bahamian government has shown itself committed to meeting the evolving needs of the international community. The local currency, the Bahamian dollar, is fixed at par to the U.S. dollar.

CIBC has been active in the area since 1957. Today, CIBC Trust Company (Bahamas) Limited employs an experienced team of professionals and offers a comprehensive range of services including trust and company administration mutual fund administration, the management of banks and trust companies, and a full range of discretionary investment services.