OUR LOCATION

NEVIS:

While Prudential Trustees, Ltd. maintains its administrative and executive offices in the Bahamas, it remains a Nevis company. It has a registered office in Nevis, and remains subject to Nevis law. Because of close relationship with law firms, banks, accounting and other trustee companies organized in Nevis, the company is positioned to redomicile there instantly if legal changes in the Bahamas should ever dictate such a strategy. Nevis is half of the wholly independent Federation of St. Kitts & Nevis. Nevis has its own legislative chambers and has enacted some of the most progressive financial center legislation on the planet. It was for this reason and the demonstrated commitment of the government to preserve its status as a privacy haven with respect to financial dealings, that Nevis was chosen as the organizational venue for the Trustee Company.

THE BAHAMAS:

Prudential Trustees, Ltd. has maintained a "one-company-two nation" strategy by organizing in Nevis and maintaining its primary offices in the Bahamas. We have, at the same time maintained a "one-company-one nation-two -island" strategy" regarding our offices in the Bahamas. As discussed under Our Staff we maintain our Administrative/Clerical Offices in Freeport, Bahama, and our Executive Offices in Nassau, Bahamas. Of all the available jurisdictions in the world, why was the Bahamas the venue of choice?

Unlike most of the tax-haven jurisdictions in the warm waters of the Caribbean and West Indies, the nation of the Bahamas has been a totally independent nation since 1973. The Queen of England is not the head of state. The country is not ruled by a Governor appointed in London. The policies of the country are set in the legislative chambers located in Nassau, not some European capital. This is not the case with such well-known jurisdictions as the Cayman Islands, the British Virgin Islands, the Turks & Caicos Islands, Antigua, Anguilla, and others. In the past few years, there has been much rumbling and even over the coercion from the industrialized nations such as the U.S., Canada and the nations of the new European Union. They are seeking to force the post-colonial nations that have become tax-havens, to amend their protective laws. Because Great Britain has the power to simply order its dependencies to fall in line, they are far more susceptible to this sort of pressure. To date the Bahamas has held the line on bank privacy and fiduciary privacy with the exception of situations involving drug proceeds and illegal money-laundering. Since Prudential Trustees, Ltd. does not deal with drug dealers or money-launderers, we take no exception to the position taken by the Bahamas in this regard.

In addition to very favorable laws, the Bahamas is among the most developed and mature offshore financial centers. The representation of large international banks, trustee companies, accounting firms, financial consulting firms, securities brokerage houses, law firms and other support professionals is impressive. The country is easily accessible because of the substantial tourist trade. Telecommunications are reliable. Economic and social infrastructure is in place. For those who prefer to visit the land where their offshore strategy is implemented will find the amenities satisfactory (not the case in a number of other island-based jurisdictions.) The principals of Prudential Trustees, Ltd. could have chosen to locate anywhere in the world. They chose the Bahamas only after careful consideration of many factors.