Existing legislation to be amended to attract wealthy private clients
The Bahamas is to add private client trust companies (PTCs) to the range of structures it offers wealthy investors and their advisers. It is expected that existing legislation will be amended later this year to cover PTCs, although no final decision has been made on the legislative process. This is the latest stage in a legislative programme to try to make the jurisdiction more attractive to wealthy private clients. In the past year, the Bahamas has passed the Purpose Trust Act, legislation enabling the formation of foundations and protected cell companies (PCCs) as well as extending the ...
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