Bahrain as a Jurisdiction
Trusts are a widely used mode of wealth preservation in many western countries, but remain a fairly new phenomenon in the Middle East. The Commercial Trusts Law that was introduced in Bahrain in 2006 has broadened the range of specialised services that can be offered by financial institutions. It provides opportunities for corporates and individuals to hold both conventional and Islamic assets situated anywhere in the world for their employees' or their spouses benefit.
Within the Middle East, Bahrain is a regional financial and business centre. Bahrain enjoys a strong legal infrastructure and regulatory framework. The Kingdom has a longstanding and robust finance industry, regulated by the Central Bank of Bahrain and the Ministry of Industry and Commerce. Trustees are required to be regulated and to perform to an international standard.
The combined skills of the Joint Venture partners, Ogier Fiduciary Services (Jersey) Limited and Keypoint Consulting W.L.L., creates a powerful partnership to meet the increasing demands of Middle Eastern individuals and businesses for sophisticated wealth planning services. Keypoint brings knowledge of the local market and regulations and Ogier contributes staff and knowledge of international best practises in the field of trust business, time-tested in jurisdictions with established trust laws.
Bahrain is a recognised jurisdiction by the Financial Action Task Force for its anti money laundering legislation.
Why use Two Seas Trust B.S.C (c)
We understand the importance of confidentiality. We provide our clients with a professional and tailored service. Clients can enjoy a high level of service and satisfaction combined with the ability to meet with their contact locally in the Gulf region and without the need to fly to a different time zone / region to meet with their chosen service provider.
Central Bank of Bahrain -
www.cbb.gov.bh
Economic Development Board -
www.bahrainedb.com
