New Condo-Hotel Tax Announced

In the 2022/2023 Budget Communication, the Government communicated its intention to introduce a new tax which will affect high...

European Court of Justice Decision on Public Beneficial Ownership Registers

The Ruling is a much-welcomed decision for The Bahamas as it gives credence, on an international scale, to the...

Real Estate Transactions: Legislative Amendments

In the 2022/2023 Budget Communication presented by The Right Honourable Prime Minister Philip Davis QC, MP, the Government communicated...

ROBA Deadline is Fast Approaching

If your Legal Entity has not complied with ROBA by 19 August 2021 you could be liable for a fine...

Bahamas Legislative Update: Protection of Depositors (Amendment) Act, 2020

The Protection of Depositors (Amendment) Act, 2020 (the “PODAA”) came into force on 1 September 2020. The PODAA was...

Financial Services Industry in The Bahamas Welcomes New Act

The introduction of the Banks and Trust Companies Regulation Act, 2020 (the “Act”), which repealed and replaced the Banks...

Real Property Tax Forgiveness Program

On 1 March 2021, during the Fiscal Strategy Debate, the Most Honourable Dr. Hubert Minnis, Prime Minister & Minister...

New Legislation Welcomed for the Execution of Deeds in The Bahamas

The Property (Execution of Deeds and Documents) Act, 2020 (the “PEDDA”) came into force on 11 December 2020. The...

Digital Assets Regulation Enacted in The Bahamas

In order to keep pace with the provision of financial technology, the D.A.R.E Act has been enacted to regulate...