The high service reputation and business acumen of The Bahamas’ financial service sector over the last sixty years gives the country an advantage with investors, according to McKinney Bancroft & Hughes Partner Brian Moree.
In an interview with Bahamas Financial Services Board (BFSB), on Tuesday, Moree stated The Bahamas established a very “professional cadre of experts” that can service the financial industry in all of the sectors.
Moree explains that the country’s stable democracy adds to investors confidence.
“We have a very stable political government. We have an independent and very capable judiciary or legal system that originates really from the English common law, supplemented by local statutes.”
Moree boasted that the country’s legislative platform is “quite modern” and by international standards, the judicial system is efficient.
“Our technology platform is also fairly well developed in the financial services industry. Our product cycles in terms of developing financial products are very efficient. We are fully compliant with the Organization for Economic Co-operation and Development (OECD) and the other supernatural agencies,” Moree said.
He noted that The Bahamas’ proximity to the United States(US), along with an astute financial services reputation provides easier access to the financial jurisdiction.