Bahamas Executive Entities
In early 2012, the Government of The Bahamas introduced legislation to permit the establishment of Executive Entities in The Bahamas.
The Executive Entities Act is a unique and ground-breaking piece of legislation, designed specifically to resolve complex governance issues in fiduciary and wealth management structures. An Executive Entity is designed to act as a power holder and to encapsulate powers currently existing in wealth management and estate planning structures within a new form of legal entity.
In its legal construction, the Executive Entity has similarities in its standalone nature to a foundation and also to a purpose trust, and yet it is equipped with an array of intriguingly different functions, objectives and capabilities.