The Bahamas, while only 38-years-old as an independent country, is rich in history with the oldest democracy and one of the longest established international financial services sector in the region.
In the world of international business and finance, The Bahamas’ commitment, continuity and consistency provide a firm foundation on which business and clients can rely.
The advantages of doing business in The Bahamas are clear:
• Its history as a trusted partner for the international business community and families worldwide, due in large part to the outstanding record of political stability, progress and stewardship, status as an independent territory providing an efficient basis of common law, and the longstanding commitment and continuity of its people and government to the industry and their clients.
• Its ideal location at the cross roads of the Americas in a time zone that is convenient for most of the major centres in the Americas. Its physical resources of land, premises and fit‐for‐purpose infrastructure all located in one of the most idyllic settings in the world.
Arising from its long‐standing investment in people, policies and the environment, The Bahamas will continue to be a leader in financial services and domiciliation/residency as affirmed by its vision statement for the sector.
The Bahamas continues to focus on being a high quality destination for owners of capital. In the midst of one of the most tumultuous times in the finance industry, the government and private sector jointly refined their shared vision for the way forward: *“To be a globally competitive international business centre for private wealth management, capital investment in the Americas and emerging markets, and residency”.* This vision brings to bear the unique strengths of The Bahamas.
##Established and Progressive ##
Its established role and expertise in private banking and trust services has given birth to a comprehensive and compelling array of financial services that includes private banking, estate planning, asset management and fund administration services. The Bahamas also provides services to the international capital markets, and to the insurance and maritime industries. Corporate registry and legal and accounting services are at the core of the multitude of services available in The Bahamas.
The integrity and continuity offered by institutions located in The Bahamas provide a secure environment. With personnel committed to the local community, continuity of service is more predictable and stable in The Bahamas, and is the basis of its many longstanding institutional and client relationships. The Bahamas’ long tenure in financial services also has created a growing storehouse of skills and experience that is trusted by the international financial community.
The jurisdiction also continues to demonstrate foresight through responsive, progressive developments to meet the requirements of an increasingly sophisticated financial services marketplace.
The Bahamas is not only home to more than 250 banks and trust companies, which enjoy long standing relationships with clients from around the world. In recent years, as more and more individuals have chosen to ‘follow their money’ with respect to where they live and work, The Bahamas also has become the preferred choice for many who have adopted this way of life.
With a streamlined application process for Economic Permanent Residency (EPR), the ability for individuals to work and live in The Bahamas has become even easier and more attractive. A predictable and user-friendly EPR application process, combined with the country’s physical resources and infrastructure, enhances The Bahamas’ environment as a location for individuals and family offices, as well as for more institutions to consider the establishment of subsidiary operations in the country.
The Government maintains a flexible immigration policy, which recognises that the national development objectives are pursued through a policy suited to the needs of international firms, individuals and families.
##A Hub for Capital Investment##
The Bahamas is a safe, well-regarded portal for global investment, particularly into the Americas. It is also a favourable location for corporate offices, ownership of intangible assets, the establishment of finance related businesses and light industrial activity.
The Government is committed to building an economic environment in which free enterprise can flourish. In this regard, the National Investment Policy is designed to support an investment friendly climate and guarantees the complementary nature of Bahamian and overseas investments.
The Bahamas is one of the oldest democracies in the Western Hemisphere with 280+ years of uninterrupted parliamentary democracy. The Bahamas’ commitment to political and economic stability has figured prominently in the jurisdiction being recognised as a sound environment for Foreign Direct Investment with an Investment Grade Government Debt rating (Standard & Poor’s and Moody’s).
The Bahamas Financial Services Board (BFSB) is focused on the continued development of an environment that is conducive to business, and on promoting a greater awareness of The Bahamas’ strengths as an international financial centre.
Born of an innovative commitment by industry and the Government of The Bahamas to develop and promote the country’s financial service industry, BFSB enjoys a strong partnership with Government. This partnership is focused on ensuring that the country’s regulatory and business environment continues to meet emerging client requirements.
See [About BFSB](https://bfsb-bahamas.com/about.php) for details on the current Board of Directors.