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Open a Bank Account in Bahamas
$1,000.00
The Bahamas is one of the industry veterans when it comes to offshore financial services. Since the 30s and 40s, the jurisdiction has been attracting foreign wealth due to its absence of taxation and its confidentiality policies. Although it lost popularity after its independence from Great Britain back in 1973, in favor of Cayman, BVI or Bermuda, it is still one of the go-to jurisdictions in terms of offshore corporate, trust and banking services.
The Bahamas is one of the biggest financial centers of the Caribbean, with financial services producing some 15 percent of GDP and being the second-largest industry after tourism. The country’s legislation and regulatory structure, comparatively highly-skilled workforce, and its stable government have attracted the some of the most prestigious financial institutions from around the globe.
We can help you open bank accounts in Bahamas.
Accounts are available for individuals.
We work with 6 different banks in Bahamas.
Each bank has different eligibility requirements, types of accounts available and onboarding processes.
We invite you to carefully review each banks requirements and services below to better understand if their banking services meet your needs:
- Capital Union Bank (Corporate, Personal)
- CIBC FirstCaribbean International Bank (Corporate, Personal)
- Citibank (Corporate)
- Deltec (Corporate, Personal)
- EFG Bank (Corporate, Personal)
- Equity Bank (Corporate, Personal)
Our banking support service is not just a mere introduction to the bank. We assist you in filling out the business questionnaires appropriately and help you understand and provide business details, commercial information and purpose/use of the bank account that a given bank wants to know in order to approve your account application. Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal 'back and forth' and a smooth account opening process.
Capital Union Bank
Account Details
| Eligibility | Offshore Companies, Onshore Companies, Local Companies |
| Min Deposit | USD 1,000,000 |
| Currencies | USD |
| Cards | No |
| Remote | Yes |
| Off-shore non-resident | Yes |
| Other Services | Discretionary Wealth Management, Brokerage/Securities |
Family Offices, Fund Managers and Asset Managers only.
Account Details
| Client Profile | Wealth Management |
| Min Deposit | USD 1,000,000 |
| Currencies | USD |
| Cards | No |
| Remote | Yes |
| Off-shore non-resident | Yes |
| Other Services | Discretionary Wealth Management, Brokerage Account |
High Turnover Individuals only.
CIBC FirstCaribbean International Bank
Account Details
| Eligibility | Local Companies |
| Min Deposit | USD 100,000 |
| Currencies | Multicurrency |
| Cards | Yes |
| Remote | Yes |
| Off-shore non-resident | No |
| Other Services | Transactional Banking, Discretionary Wealth Management, Trade Finance, Lombard Loans, Payment Processing |
Only companies registered in the Bahamas. Economic substance required.
Account Details
| Client Profile | Day-to-day banking, Wealth Management |
| Min Deposit | USD 100,000 |
| Currencies | Multicurrency |
| Cards | Yes |
| Remote | Yes |
| Off-shore non-resident | No |
| Other Services | Checking Account, Discretionary Wealth Management, Debit/Credit Card |
Only individuals residing in the Bahamas.
Citibank
Account Details
| Eligibility | Local Companies |
| Min Deposit | USD 10,000,000 |
| Currencies | Multicurrency |
| Cards | No |
| Remote | Yes |
| Off-shore non-resident | No |
| Other Services | Transactional Banking, Lombard Loans, Discretionary Wealth Management, Brokerage/Securities, Trade Finance |
Primary focus with physical presence in Bahamas. Business interest in the Bahamas. The company needs to have been in existence for a minimum of 3 years.
Deltec
Account Details
| Eligibility | Offshore Companies, Onshore Companies, Local Companies |
| Min Deposit | USD 1,000,000 |
| Currencies | Multicurrency |
| Cards | Yes |
| Remote | Yes |
| Off-shore non-resident | Yes |
| Other Services | Discretionary Wealth Management, Trade Finance, Payment Processing, Debit/Credit Card, Brokerage/Securities, Lombard Loans |
Credit Card available on a case by case basis.
Account Details
| Client Profile | Wealth Management |
| Min Deposit | USD 1,000,000 |
| Currencies | Multicurrency |
| Cards | Yes |
| Remote | Yes |
| Off-shore non-resident | Yes |
| Other Services | Discretionary Wealth Management, Term Deposit/Savings Account, Brokerage Account, Debit/Credit Card |
Credit Card available on a case by case basis.
EFG Bank
Account Details
| Eligibility | Offshore Companies, Onshore Companies, Local Companies |
| Min Deposit | USD 1,000,000 |
| Currencies | Multicurrency |
| Cards | Yes |
| Remote | Yes |
| Off-shore non-resident | Yes |
| Other Services | Discretionary Wealth Management, Brokerage/Securities, Lombard Loans, Debit/Credit Card |
Remote account opening is possible, but the bank will visit the client within first year after opening.
Account Details
| Client Profile | Wealth Management |
| Min Deposit | USD 1,000,000 |
| Currencies | Multicurrency |
| Cards | Yes |
| Remote | Yes |
| Off-shore non-resident | Yes |
| Other Services | Discretionary Wealth Management, Brokerage Account, Term Deposit/Savings Account, Debit/Credit Card |
Remote account opening is possible but the bank will visit the client within first year after opening.
Equity Bank
Account Details
| Eligibility | Offshore Companies, Onshore Companies, Local Companies |
| Min Deposit | USD 500,000 |
| Currencies | USD, EUR |
| Cards | Yes |
| Remote | Yes |
| Off-shore non-resident | Yes |
| Other Services | Discretionary Wealth Management, Brokerage/Securities, Debit/Credit Card |
Prepaid debit card available.
Account Details
| Client Profile | Wealth Management |
| Min Deposit | USD 500,000 |
| Currencies | USD, EUR |
| Cards | Yes |
| Remote | Yes |
| Off-shore non-resident | Yes |
| Other Services | Discretionary Wealth Management, Brokerage Account, Debit/Credit Card |
Prepaid debit card available.