Name: Open a Bank Account in Bahamas
SKU: INC-KN-001-3-2-2-4
Price: 1000.00 USD
Availability: InStock

Open a Bank Account in Bahamas

$1,000.00

The Bahamas is one of the industry veterans when it comes to offshore financial services. Since the 30s and 40s, the jurisdiction has been attracting foreign wealth due to its absence of taxation and its confidentiality policies. Although it lost popularity after its independence from Great Britain back in 1973, in favor of Cayman, BVI or Bermuda, it is still one of the go-to jurisdictions in terms of offshore corporate, trust and banking services.

The Bahamas is one of the biggest financial centers of the Caribbean, with financial services producing some 15 percent of GDP and being the second-largest industry after tourism. The country’s legislation and regulatory structure, comparatively highly-skilled workforce, and its stable government have attracted the some of the most prestigious financial institutions from around the globe.

We can help you open bank accounts in Bahamas. Accounts are available for individuals.
We work with 6 different banks in Bahamas. Each bank has different eligibility requirements, types of accounts available and onboarding processes. We invite you to carefully review each banks requirements and services below to better understand if their banking services meet your needs:

Bank Account option 1 (Corporate, Personal)
Bank Account option 2 (Corporate, Personal)
Bank Account option 3 (Corporate, Personal)
Bank Account option 4 (Corporate, Personal)
Bank Account option 5 (Corporate, Personal)
Bank Account option 6 (Corporate, Personal)

Our banking support service is not just a mere introduction to the bank. We assist you in filling out the business questionnaires appropriately and help you understand and provide business details, commercial information and purpose/use of the bank account that a given bank wants to know in order to approve your account application. Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal 'back and forth' and a smooth account opening process.

Bank Account option 1

Business Account
Personal Account

Account Details

Eligibility	Offshore Companies, Onshore Companies, Local Companies
Min Deposit	USD 1,000,000
Currencies	USD
Cards	No
Remote	Yes
Off-shore non-resident	Yes
Other Services	Discretionary Wealth Management, Brokerage/Securities

Family Offices, Fund Managers and Asset Managers only.

Account Details

Client Profile	Wealth Management
Min Deposit	USD 1,000,000
Currencies	USD
Cards	No
Remote	Yes
Off-shore non-resident	Yes
Other Services	Discretionary Wealth Management, Brokerage Account

High Turnover Individuals only.

Bank Account option 2

Business Account
Personal Account

Account Details

Eligibility	Local Companies
Min Deposit	USD 100,000
Currencies	Multicurrency
Cards	Yes
Remote	Yes
Off-shore non-resident	No
Other Services	Transactional Banking, Discretionary Wealth Management, Trade Finance, Lombard Loans, Payment Processing

Only companies registered in the Bahamas. Economic substance required.

Account Details

Client Profile	Day-to-day banking, Wealth Management
Min Deposit	USD 100,000
Currencies	Multicurrency
Cards	Yes
Remote	Yes
Off-shore non-resident	No
Other Services	Checking Account, Discretionary Wealth Management, Debit/Credit Card

Only individuals residing in the Bahamas.

Bank Account option 3

Business Account
Personal Account

Account Details

Eligibility	Offshore Companies, Onshore Companies, Local Companies
Min Deposit	USD 10,000,000
Currencies	Multicurrency
Cards	No
Remote	Yes
Off-shore non-resident	Yes
Other Services	Transactional Banking, Lombard Loans, Discretionary Wealth Management, Brokerage/Securities, Trade Finance

Primary focus with physical presence in Bahamas. Business interest in the Bahamas. The company needs to have been in existence for a minimum of 3 years.

Account Details

Client Profile	Wealth Management
Min Deposit	USD 10,000,000
Currencies	Multicurrency
Cards	No
Remote	Yes
Off-shore non-resident	Yes
Other Services	Discretionary Wealth Management, Brokerage Account

Bank Account option 4

Business Account
Personal Account

Account Details

Eligibility	Offshore Companies, Onshore Companies, Local Companies
Min Deposit	USD 1,000,000
Currencies	Multicurrency
Cards	Yes
Remote	Yes
Off-shore non-resident	Yes
Other Services	Discretionary Wealth Management, Trade Finance, Payment Processing, Debit/Credit Card, Brokerage/Securities, Lombard Loans

Credit Card available on a case by case basis.

Account Details

Client Profile	Wealth Management
Min Deposit	USD 1,000,000
Currencies	Multicurrency
Cards	Yes
Remote	Yes
Off-shore non-resident	Yes
Other Services	Discretionary Wealth Management, Term Deposit/Savings Account, Brokerage Account, Debit/Credit Card

Credit Card available on a case by case basis.

Bank Account option 5

Business Account
Personal Account

Account Details

Eligibility	Offshore Companies, Onshore Companies, Local Companies
Min Deposit	USD 1,000,000
Currencies	Multicurrency
Cards	Yes
Remote	Yes
Off-shore non-resident	Yes
Other Services	Discretionary Wealth Management, Brokerage/Securities, Lombard Loans, Debit/Credit Card

Remote account opening is possible, but the bank will visit the client within first year after opening.

Account Details

Client Profile	Wealth Management
Min Deposit	USD 1,000,000
Currencies	Multicurrency
Cards	Yes
Remote	Yes
Off-shore non-resident	Yes
Other Services	Discretionary Wealth Management, Brokerage Account, Term Deposit/Savings Account, Debit/Credit Card

Remote account opening is possible but the bank will visit the client within first year after opening.

Bank Account option 6

Business Account
Personal Account

Account Details

Eligibility	Offshore Companies, Onshore Companies, Local Companies
Min Deposit	USD 500,000
Currencies	USD, EUR
Cards	Yes
Remote	Yes
Off-shore non-resident	Yes
Other Services	Discretionary Wealth Management, Brokerage/Securities, Debit/Credit Card

Prepaid debit card available.

Account Details

Client Profile	Wealth Management
Min Deposit	USD 500,000
Currencies	USD, EUR
Cards	Yes
Remote	Yes
Off-shore non-resident	Yes
Other Services	Discretionary Wealth Management, Brokerage Account, Debit/Credit Card