The Bahamas Investor
The Bahamas Investor
Royal Bank of Canada 100 years in The Bahamas (July 2008)
This year the RBC Royal Bank of Canada marks 100 years of operation in The Bahamas. As the first international bank in the country, RBC opened its flagship branch between Charlotte and Frederick Streets in Nassau on November 2, 1908.
The Bahamas Investor
International asset protection / To preserve family wealth in a global context, Bahamian trusts and other structures offer international solutions…
Much of the history of transferring family wealth between generations is, unfortunately, littered with failure around the world. Such a too common outcome is the inspiration for that old American proverb; “shirtsleeves to shirtsleeves in three generations.” It’s a scenario that typically runs over three stages, creating wealth, then holding on to it and, lastly, losing it or simply using it up.
There are many theories on how to extend the period of wealth creation through as many generations as possible to defer its decline. However, a common, and often integral, strategy among such theories is to effectively structure wealth for the long term.
Bahamian Trusts have long been applied toward this objective. They have also been used to obtain additional privacy, avoid probate at death, obtain tax benefits, consolidate assets and protect assets from future litigation and disputes. Others have used Bahamian Trusts to provide shelter and protection from forced heirship provisions, domestic political strife and instability, and exchange controls in their home counties.
Structuring wealth through an established offshore jurisdiction such as The Bahamas, that has progressive laws, an educated workforce, and reputable financial institutions, can hold particular benefits for families based in or with connections to the United States, Canada, Latin America and Europe.
Royal Bank of Canada 100 years in The Bahamas (July 2008)
This year the RBC Royal Bank of Canada marks 100 years of operation in The Bahamas. As the first international bank in the country, RBC opened its flagship branch between Charlotte and Frederick Streets in Nassau on November 2, 1908.
The Bahamas Investor
International asset protection / To preserve family wealth in a global context, Bahamian trusts and other structures offer international solutions…
Much of the history of transferring family wealth between generations is, unfortunately, littered with failure around the world. Such a too common outcome is the inspiration for that old American proverb; “shirtsleeves to shirtsleeves in three generations.” It’s a scenario that typically runs over three stages, creating wealth, then holding on to it and, lastly, losing it or simply using it up.
There are many theories on how to extend the period of wealth creation through as many generations as possible to defer its decline. However, a common, and often integral, strategy among such theories is to effectively structure wealth for the long term.
Bahamian Trusts have long been applied toward this objective. They have also been used to obtain additional privacy, avoid probate at death, obtain tax benefits, consolidate assets and protect assets from future litigation and disputes. Others have used Bahamian Trusts to provide shelter and protection from forced heirship provisions, domestic political strife and instability, and exchange controls in their home counties.
Structuring wealth through an established offshore jurisdiction such as The Bahamas, that has progressive laws, an educated workforce, and reputable financial institutions, can hold particular benefits for families based in or with connections to the United States, Canada, Latin America and Europe.
posted by The Out Island Explorer at
4:59 PM
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