DESTINATION BAHAMAS

 

Beyond the postcard pictures of long white sandy beaches, the Bahamas has become over time an important financial center. This is evident in the large number of International banks and Independent Asset Managers currently licensed and operating in the Bahamas.

  • KEY FACTS

    Full country name

    Commonwealth of the Bahamas

    Capital

    Nassau, on the island of New Providence

    Direct flights

    London, Toronto, Panama, New York, Miami and numerous other cities

    in the USA

    Major industries

    Tourism, Financial Services

    Currency

    Bahamian Dollar (BSD) 1 BSD = 1 USD

    Time

    GMT/UTC -5

    Taxes

    No taxes levied on personal income, corporate earnings, inheritance.

    VAT on sales, import duties.

OBJECTIVES

We suggest that you set up your own Bahamian Independent Asset Management Company, operating effectively within a platform dedicated to Independent Asset Managers and Fund Managers.

 

The Bahamas has a specific legal framework regulating the activities of Independent Asset Managers. As a result, a Bahamian Independent Asset Management Company will receive supervision equal to that of any other regulated country. This allows your company to operate in a stable environment both legally and politically.

To confirm its international credibility, the Bahamian authorities signed several agreements with different countries, including members of the European Community.

 

The regulations allow you, under certain conditions, to be appointed as a “Chief Executive Officer” who can perform his duties without being resident in the Bahamas.

 

As the “Chief Executive Officer”, you maintain control of your company, with the support of our team.

purpose of trip

COMPANY

APMS Assets and Portfolio Management Services Ltd is a service company established in 1999, based in Nassau. It is licensed by The Securities Commission of The Bahamas with a Financial and Corporate Service Provider License.

 

We are a platform that specializes in providing services to Independent Asset Managers and Fund Managers. By joining us you become a member of our platform while maintaining your independence. As such, you will benefit from the agreements we negotiate with custodian banks, investment funds or any other provider.

 

Our platform is designed to handle the back and middle office of your company, giving you the opportunity to continue to do what you love - serve your clients.

 

In a spirit of respect for your independence and privacy, we position ourselves as a service provider only. We will be partnered with your company by a contract that defines our services and our terms and conditions.

 

 

who will be your pilot?

SERVICES

You choose a name for your company and we create it for you.

We ensure that your company meets the requirements to obtain a Securities Investment Advisor License. Also, we assist with the process for the licensing of the “Chief Executive Officer”, allowing him to operate legally.

 

 

These Licenses / documents are issued by The Securities Commission of The Bahamas, which regulates the activity of Independent Asset Managers.

THE REQUIREMENTS FOR OBTAINING THEM ARE:

Establish a company with the minimum required capital

Have a local address with offices in the Bahamas (provided by APMS)

Have a local “Managing Representative”, to represent the company before the authorities (provided by APMS)

Appoint a minimum of two Local Directors (provided by APMS)

Appoint a Compliance Officer (provided by APMS)

 

Appoint a MLRO – Money Laundering Report Officer (provided by APMS)

Provide due diligence on the shareholders and key personnel

Appoint an auditor

Obtain a policy for Professional Indemnity Insurance

Obtain a business license

 

Once your company is established, APMS will ensure its administration and proper operation.

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COSTS

An innovative solution, an innovative business model. The cost of this operation can be divided into three parts:

THE COSTS ASSOCIATED WITH THE FORMATION OF YOUR COMPANY

Paid in capital of your company. This amount will be set aside in an account and can’t be used in the course of normal business activities.

 

A lump sum payment which will be used to pay legal fees, initial audit, first licenses and the insurance premium.

THE ANNUAL RECURRENT COSTS

These costs are limited to government licenses, directors’ fees, audit fees and various expenses related to the existence of the company.

This approach allows you to form a company and to control its costs. It also allows you to easily establish the break-even point in terms of assets under management.

THE COST OF OUR SERVICES

Our remuneration is based on a percentage of assets under management, and/or on a fraction of your turnover, with a minimum and a maximum amount.

 

Minimum amount

This amount should cover the real costs of our services: offices, IT, accounting, reporting and relationships with Banks and Bahamian authorities.

 

Maximum amount

This amount forces us to cap our margin to maintain our role as a service company.

 

travelling first class

at the cost of business

CONTACT

We believe that our unique offering will entice you. Our experienced and professional team will take care of you through every stage of your trip.

 

FEEL FREE TO CONTACT US:

APMS Assets & Portfolio Management Services Ltd

Halsbury Commercial Centre

Suite No. 2 – Village Road North

P.O. Box SS – 19689

Nassau, Bahamas

 

@: info@apms-ltd.com

T : +1 242 394 4182

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