Bahamas Bank Account



The full range of cutting edge financial services is provided, including private banking, company registration, trust and estate management, captive insurance, portfolio management, etc. A favourable business environment helped by innovative legislation and political and economic stability has allowed the Bahamas to become a leading international financial centre.



Available options for your Bahamas bank account.
  • Personal accounts
  • Corporate accounts
  • Savings and fixed deposits
  • Mortgages
  • Online banking
  • Wire transfers
Total cost to open you Bahamas bank account. $500.00
Click hear to order your Bahamas bank account now.

BANKING, FINANCE AND INVESTMENT

FINANCIAL FACTS
The economy of the Bahamas, while arguably the strongest in the Caribbean, relies heavily on tourism and offshore banking; tourism and its related industries (construction, hospitality services, etc.) account for 60 percent of its GDP as well as the source for over half of those employed in the Bahamas.

Fiscal year: 1 July - 30 June

BANKING
Bahamians do not use the word “offshore” to describe any of its financial services. There is no need to separate these types of businesses from Bahamian businesses for tax purposes, as stamp duties are the only taxes that corporations pay in the Bahamas.

The Central Bank of the Bahamas has the ultimate authority in Bahamian banking. This includes the issuing of banking licenses, which can be categorized as restricted or unrestricted. The procedure for obtaining a banking license includes a business plan, a personal interview and financial statements.


The Financial Intelligence Unit Act of 2000 has allowed for the divulging, analysis and sharing of banking information connected to illegal activity. The Financial and Corporate Service Providers Act of 2000 requires mandatory training of bank officials and employees in an increased effort for banks to know their customers, in order to better spot “red-flag” transactions.


STOCK MARKET
The Bahamas' stock exchange (BISX) is new, having been established only in 2000. After just five years, the BISX shows a capitalisation of $2.6 billion.

MEMBERSHIPS
ACP, C, Caricom, CDB, FAO, G-77, IADB, IBRD, ICAO, ICCt (signatory), ICFTU, ICRM, IDA, IFC, IFRCS, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, ITSO, ITU, LAES, MIGA, NAM, OAS, OPANAL, OPCW (signatory), UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCO, WHO, WIPO, WMO, WTO (observer)

FOREIGN INVESTMENT
Investment by foreigners in Bahamian opportunities is greatly restricted. Bahamians who desire to invest outside of the Bahamas must purchase the foreign currency with which to do so at a high exchange rate.

However, the Central Bank has recently become more relaxed in the regulations regarding real estate investments and debt and equity instruments.


REAL ESTATE
The Bahamas welcomes foreigners to invest in real estate. The rules have recently been relaxed regarding inherited property as well as advance permit regulations for undeveloped land purchases up to five acres. The Chief Valuation Officer oversees the registration and annual filings of all real estate holdings.



We never disclose the name of the Bahamas bank until after you have sent
payment and the required due diligence documents. Please do not ask.