Services · Personal accounts

Personal accounts: Bahamas

An honest assessment before work starts, the quote is fixed in writing.

We assess your chances against your profile, prepare the compliance file, help you present your source of funds properly and handle communication with the bank until it decides. The final decision always rests with the bank, so no one can guarantee an opening - careful preparation simply improves the odds.

We quote the exact cost for this country after a short consultation: it depends on the bank and your residency. The quote is fixed in writing before work starts.

Fees

Service	Price
Personal account - opening assistance	on request

Prices are indicative and cover our work on a typical case. We confirm the exact quote in writing after a short call - you know the final number before we start. Government fees and bank tariffs are billed separately unless explicitly included.

FAQ

Can a non-resident open a personal account in the Bahamas?

Yes, but this is usually the private banking segment with high client requirements. A plain retail account for a non-resident with no link to the country is hard to get. The bank can decline without giving a reason.

What is the minimum deposit in the Bahamas?

There is no single threshold - each bank sets its own, and in private banking it is substantial. Go by the specific bank's current offer rather than averages you read online. Confirm the amount and the fees before you start.

Is there tax on a Bahamas bank account?

The Bahamas has no income tax, no capital gains tax and no inheritance tax. You still pay tax where you are tax resident, and a Bahamian account does not change that. Many countries also require you to declare foreign accounts.

Does the Bahamas report accounts under CRS?

Yes, the Bahamas participates in the automatic exchange of financial information and reports data to the account holder's country of tax residence. No local tax is not the same as confidentiality. Do not build plans around bank secrecy.

Personal accounts: Bahamas

Fees

See also

FAQ

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