The Bahamas Executive Entity (BEE) legislation was enacted to create a legal entity that can be used as a power holder and therefore act as a trust protector, shareholder (of a PTC) trustee etc.
The liability of the BEE council members is similar to that of an IBC so combined with the limited liability the BEE is expected to be a popular solution as a vehicle that can hold important powers in a complex structuring.
Read more at: Tax Times blog
