New Legislation Changes Legal Landscape in The Bahamas

The Bahamian government enacted various legislation in response to the European Union’s inter-governmental Code of Conduct Group (Business Taxation)...

Register of Beneficial Ownership Act, 2018

Purpose of the Act The Register of Beneficial Ownership Act, 2018 (the “Act”) came into force on the 20...

Multinational Entities Financial Reporting Act, 2018

Purpose of the Act The Multinational Entities Financial Reporting Act, 2018 (the “Act”) came into force on 1 January,...

Commercial Entities (Substance Requirements) Act 2018 – What you need to know.

The Commercial Entities (Substance Requirements) Act, 2018 (the “Act”) came into force in The Bahamas on 31 December, 2018....

Removal of Preferential Exemptions Act, 2018

Purpose of the Act The Removal of Preferential Exemptions Act, 2018 (the “Act”) came into force on 31 December,...

Asset Tracing in The Bahamas: An Overview

The Bahamas has limited Pre‑Action/ Pre‑Judgment asset tracing tools, however Post‑Judgment, there are more tools available to assist in...

Modernization of Real Property Taxation in The Bahamas

Legislative amendments effective 1 July 2018 have resulted in changes to the taxing regime for real property.

Privy Council Decision: Beneficial Ownership of Joint Accounts

The Privy Council of the United Kingdom recently handed down a decision which has profound implications for joint-holders of...

Testing the Validity of Pre-Incorporation Contracts in The Bahamas

A recent Privy Council ruling provides very useful insight into the effect and enforceability of contracts entered into prior...