Featured Bahamas Banks Are A Great Offshore Option

Discussion in 'Offshore Company & Bank Account Guides' started by Admin, Jun 20, 2016.

  1. Admin

    Admin Forum Moderator The Forum Cleaner

    In the last couple of decades or so, Bahamas has without a doubt emerged as one of the most favorable offshore banking destination for the rich and the successful, especially for those that are based out of the US.


    Why is it so then? Why do so many people now prefer Bahamas to traditional destinations like Switzerland, Cayman Islands or Panama? There are a number of reasons why.

    Easy access
    Even the official website of the country proudly claims that there is no better place for your financial investments and only once you deal with banking institutions in the islands, do you realize how true that is. For those people who are unaware about how to go about creating an offshore account, their Prime Minister’s office has even created a separate organization, the Bahamian Investment Authority, whose sole purpose is to help potential investors, the right option in the country.

    The fact is that you do not even need to visit the country to establish an offshore banking account over there. All it takes is a bunch of require documents and the necessary fees that are required to be paid. It really is as simple as that. If you want assurances then this can be done in person as well and the process is as easy even then as it is from a distance.


    The culture

    Until 1973, Bahamas was a British colony and there is still a huge British influence in place here, particularly in the tongue that is spoken which is English. This makes it very easy for an English speaking investor to stash his money on the island. The people are friendly and even the location of the islands; just off the coast of the US is just perfect. To facilitate easy travel, Bahamas has six international airports and there is no limit to the amount of foreign currency a person can bring into the country.

    After tourism, financial services is the second biggest industry in the Bahamas and 400+ from as many as 36 different countries in the world conduct business operations in the Bahamas, holding more than $220 billion in assets, making Bahamas the 13th best banking nation in the world. Quite an achievement for such a small country.

    Friendly laws
    The fact that banking is the second most important revenue generator for Bahamas, they take it very seriously. There is no red tape system in place here. From opening an account to making transactions to protecting your privacy from prying eyes, The Bahamian finance professionals take this very seriously.

    Besides there is no need for you to pay Income tax, tax on capital gains or inheritance tax on the funds that you have stored in a Bahamian bank. The strict secrecy laws in place that neither is anyone able to obtain even the tiniest bit of information about your account.

    Most of all, the fact that you are able to save your hard earned money in an economically and politically stable country is the biggest assurance that Bahamas is the best place to look for an offshore banking solution.
  2. hofo

    hofo Building Trust Entrepreneur

    How easy is banking in Bahamas? I need an good stable offshore account for my not yet registered Seychelles offshore company.
    uplana and Admin like this.
  3. icecold

    icecold Trusted Member Business Angel

    I have spending much time researching all the different and many offshore jurisdictions around for offshore banking. Bahamas, Bermuda and Hong Kong are some of the banking jurisdictions where I would start with my banking needs. If it's true that more and more banks that usually requires personal visit start accepting Skype interviews I'm perfectly ready to get started!
    mert and Gunter like this.
  4. Gunter

    Gunter Building Trust Entrepreneur

    thanks Admin and Icecold both of you are sharing lots of good information about all the major topics here. I don't know what is best the Bahamas offshore banking or Belize banking!?
    uplana, myshufflemix, Admin and 6 others like this.
  5. Jack Dui

    Jack Dui Building Trust Entrepreneur

    There have many positive reason to for Bahamas culture, political stability, friendly low etc. But what about the banking system. Is it easy to get a bank account done there? Is personal visit needed there to open a bank account. I wonder if this could done online:)
    uplana, myshufflemix, aris and 4 others like this.
  6. bonzo

    bonzo Offshore Agent Entrepreneur

    Jack Dui likes this.
  7. burden

    burden Member

    I really consider the Bahamas for offshore banking for an Seychelles company.
  8. Jack Dui

    Jack Dui Building Trust Entrepreneur

  9. SasxInc

    SasxInc Building Trust Entrepreneur

    Can anyone please recommend some good reliable agent regarding opening Bahamas offshore company. It would me my pleasure getting recommendation who doing business in Bahamas. Thanks.
  10. deadpool

    deadpool Building Trust Entrepreneur

    The lack of need for personal visit should make Bahamas a natural option for people in States.
  11. allan

    allan Offshore Agent Entrepreneur

    Bahamas banks can work if you have secure your offshore company first with nominees. If the company is open and beneficial owner information is traceable you don't need a Bahamas offshore account to try to protect your privacy it's not going to work!
  12. vitomerchant

    vitomerchant Offshore Agent

    I have to explore the Bahamas in order to figure out if I find this to be a valid place for my next business venture.
  13. deadpool

    deadpool Building Trust Entrepreneur

    Kindly let us know of your inferences in the future.
  14. zohoman

    zohoman Building Trust Entrepreneur

    If Bahamas is offering privacy do you think it's an good idea to bank there?
  15. GoGoldPro

    GoGoldPro Active Member

    I'm not familiar with banking in Bahamas but it looks attractive to me.

    I'm looking at these guys:
    Cornèr Bank (Overseas) Limited
    corner bank overseas.jpg
    308, East Bay Street
    P.O. Box N-7134
    Nassau/The Bahamas

    Tel. + 1 242 394 4977
    Fax + 1 242 394 5264

    Cornèr Bank Group
    e-mail: [email protected]
    uplana, Admin and aris like this.
  16. aris

    aris Offshore Agent

    @GoGoldPro you are awesome and to Admin.. all the guides you have published are read with great pleasure. Thanks to all the nice people here it has been easy for me to learn a lot.
    myshufflemix likes this.
  17. mert

    mert Offshore Agent Business Angel

    No personal visit is required to open an account in the Bahamas!
    myshufflemix likes this.
  18. mert

    mert Offshore Agent Business Angel

    Would say if you have the money open an account in both Belize and the Bahamas!
    Admin likes this.
  19. Admin

    Admin Forum Moderator The Forum Cleaner

    According to my personal experience from not long time ago it's pretty easy to get an account opened there if you have all the documents available. The business I applied for with the bank was straight mainstream business.
    hofo likes this.
  20. Admin

    Admin Forum Moderator The Forum Cleaner

    It will depend very much on what business you are into and your situation.