Bahamas Offshore Trust
The primary function of a trust company is to act as trustee, fiduciary or agent for individuals or firms in a variety of capacities, such as administering trust funds(including their investments) executing wills, acting as custodian for property held in trust, etc. Many trust companies also perform some banking functions, such as, accepting deposits and making loans.
A nominee trust company is a company which holds securities and other assets in its name on behalf of clients of its parent bank or trust company.
Some trust companies are licensed to engage in both trust and banking activities. On the banking side, the proportion of Bahamian dollar business of these companies has been traditionally small, as the majority of their transactions are in foreign currency.