Open a bank account in the Bahamas

Let's help you open a bank account in the Bahamas

The absolutely unique climatic conditions of the island nation of the Bahamas contributed to the rapid development of the tourism business. This resort is very popular among citizens of Canada and the United States of America. Close cooperation between the Bahamas and the United States has led to the creation of a successful offshore jurisdiction in which the banking system allows both local and non-residents to open corporate and personal bank accounts. Our company is ready to help you open an account in the Bahamas on the most favorable terms for you.

Opening a bank account in the Bahamas: features

Thanks to the loyalty of the legislation in this country, the prerequisites were created for the development of one of the best financial systems at the world level. It attracts a huge number of customers due to favorable lending, optimal conditions for making a profit and storing funds.

A third of the world's top 100 financial institutions are located on these islands. A large number of large corporations have bank accounts, and smaller partner firms are respectively registered with them, since according to the rules established here, customers are provided with favorable service conditions if their business partners are registered with the same financial institutions.

On the territory of a given state, only banks that operate internationally and provide high-quality services receive licenses. This, in turn, increases the attractiveness of the jurisdiction for offshore companies, the founders and employees of which have the opportunity to register personal accounts in the Bahamas banks. Therefore, every fifth large company has offshore accounts here.

Non-resident individuals also have the right to open a bank account in the Bahamas. Basically, foreigners' bank accounts are intended for deposits, unlike locals, who are provided with banking services for receiving wages, conducting transactions between accounts, making purchases and paying utility bills.

Peculiarities of using personal accounts:

• banks do not work with persons subject to US sanctions;
• multi-currency accounts, with the ability to connect up to 20 currencies at the same time;
• Minimum deposit amount to hold is 200 thousand US dollars;
• A plastic card is made for each customer, as cash withdrawals are allowed from all accounts.

If you are interested in this jurisdiction for registration and opening accounts, please contact our experienced specialists for advice. They will answer all your questions and select a bank that best meets your requirements.

Why open an account in the Bahamas?

The main advantages of cooperation with the Bahamas banks are as follows:

• no currency control;
• The account registration procedure lasts no more than three weeks;
• local lawyers can use the service;
• the minimum balance is one thousand euros;
• no taxation;
• the calculation of the cost of service depends on the amount of the contribution;
• low fees for money transfers to and from the United States thanks to the cooperation of the banks of the Bahamas and the United States;
• nominal heads of offshore companies can be registered;
• No reporting requirements.

Professional employees of Crystal Tax offer the preparation of documentation and full support for the procedure for obtaining an account in any Bahamian bank. The well-established process of preparatory work and the extensive experience gained by our specialists over the years of work in this area guarantees you a positive result.