Commonwealth nation
The Commonwealth of the Bahamas is an archipelago of approximately 100,000 square miles, extending over 500 miles into the Atlantic Ocean from fifty miles off the southeast coast of Florida. It consists of 700 islands. Nassau is the capital city of the Bahamas and is located on the Island of New Providence.
The Bahamas is an independent country since 1973, a member of the United Nations and has observer status to the World Trade Organization; it assumes the responsibility for administration of its own economic and political affairs.
Its political system is based on the British system of a two-house form of legislature, together with an executive branch of government (the Cabinet) formed by the Prime Minister and his cabinet ministers from the governing political party.
The legal system is modeled on British pattern and is independent of the political process, thus providing a well-established environment for international business. Legislation exists which makes it an offence to divulge information obtained from or in connection with clients’ business with the Bahamas.
In addition, the Bahamas has no income, inheritance, capital gain or corporate tax. Revenue is raised largely from custom duties, property tax and stamp duties.
Structured banking
The Bahamas has been providing banking and trust services to the international financial community since 1930. In addition to its tax neutral environment, the Bahamas, an AngloSaxon jurisdiction, provides a legal framework that is well suited to setting up trusts, foundations and offshore companies and to administering investment funds.
Today, boasting 35 of the 100 most prestigious of bank in the world, banking is the second largest industry in the country, with total financial assets of 200 billion at the end of 2007.
Over a decade of experience in the Bahamas
Banque Privée Edmond de Rothschild Ltd., Nassau, a fully owned subsidiary of Banque Privée Edmond de Rothschild S.A., Geneva, Switzerland, was incorporated in 1998. It is a member of the Association of International Banks and Trust Companies and has an unrestricted Bank and Trust License in the Bahamas.
Banque Privée Edmond de Rothschild Ltd. offers a comprehensive range of private banking, portfolio management and international corporate and trust services. These are tailored to our clients’ individual need and take full account of their personal situation.
We strive to provide our international clientele with traditional services of the highest caliber, based on trust, availability and the values that established our Group’s reputation in the private banking sector: wisdom and an eye for an opportunity.
After a decade of operations in the Bahamas, the bank, as part of its international expansion, has moved to its newly constructed building in the exclusive Lyford Cay district.