Open bank account for
Bahamas Company

Regardless of what type of business you are operating, it is a golden rule that you should separate your personal and corporate finances. Hence, setting up a business bank account is always in need. For Bahamas companies, there are various banking options to set up a business account:

Application with local banks in Bahamas

The Bahamas has been well-known for its privacy and security of the banking system. Recently the country has implemented changes to its long-standing history of international financial services to meet EU and OECD demands. As a result, the Bahamas is a member of the Tax Information Exchange Agreement (TIEA) with nearly 40 countries.

Financial services, specifically international banking are the second-most important factor to the Bahamas economy, which contributes up to approximately 17% of the total GDP. Bahamas promulgated International Business Companies Act in 1990, and subsequent initiatives to enhance the country’s status as a leading offshore financial center.

The Bahamas has a sound and well-regulated banking system comprised of domestic and large international banks from across the globe, which provides easy access to global capital markets. The Central Bank of Bahamas, established in 1974, pursues its legal mandate of maintaining the country's financial stability.

Be advised that some brick-and-mortar banks don't accept opening a business account online.

Going for offshore bank accounts or fintech solutions

We currently don’t support opening bank accounts in the Bahamas. However, a Bahamas IBC can open its account in most offshore banks including Singapore.