Bahamas Bank Accounts

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Bahamas Offshore Bank Account. Offshore Banks and Offshore Banking in the Bahamas.

Worldwide Incorporation Services specializes in opening offshore bank accounts and company formation services.

Bahamas – General Information

Bahamas Offshore Bank Account

Location: Chain of islands in the North Atlantic Ocean, southeast of Florida, northeast of Cuba.
Area: total: 13,880 sq km, land: 10,010 sq km, water: 3,870 sq km.
Natural resources: Salt, aragonite, timber, arable land.
Population: 329,988.
Capital: Nassau.
Time Zone: UTC−5.
Languages: English (official), Creole (among Haitian immigrants).
Government type: Parliamentary democracy (Parliament) under a constitutional monarchy; a Commonwealth realm.
Legal system: Common law system based on the English model.
International organization participation: ACP, AOSIS, C, Caricom, CDB, CELAC, FAO, G-77, IADB, IAEA, IBRD, ICAO, ICC (NGOs), ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, ISO (correspondent), ITSO, ITU, LAES, MIGA, NAM, OAS, OPANAL, OPCW, Petrocaribe, UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCO, WHO, WIPO, WMO, WTO (observer).
Economy: The Bahamas has the second highest per capita GDP in the English-speaking Caribbean with an economy heavily dependent on tourism and financial services. Tourism accounts for approximately 50% of GDP and directly or indirectly employs half of the archipelago’s labor force. Financial services constitute the second-most important sector of the Bahamian economy, accounting for about 15% of GDP. Manufacturing and agriculture combined contribute less than 7% of GDP and show little growth, despite government incentives aimed at those sectors.
Currency: Bahamian dollar (BSD).

Overview

The Bahamas is an ideal financial location for individuals and corporations seeking to gain tax advantages with confidentiality. A Bahamas tax haven can be used for asset protection, estate planning, tax mitigation and privacy.

Legislation

Banks and Trust Companies Regulation Act, 2000.

Offshore Banks in the Bahamas

Ansbacher (Bahamas) Ltd

Citco Bank and Trust Company (Bahamas) Ltd

Corner Bank (Overseas) Limited

Credit Suisse (Bahamas) Ltd

Finter Bank & Trust (Bahamas) Ltd

Guaranty Trust Bank Limited

Hottinger Bank & Trust Limited

Lombard Odier Darier Hentsch Private Bank & Trust Ltd

UBS (Bahamas) Ltd


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