Services · Personal accounts

Personal accounts: The 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 realistically this means private banking with a high entry threshold. A plain retail account for a foreigner with no connection to the country is barely available anymore.

Do I need a bank reference letter for the Bahamas?

Often yes - a reference from your existing bank, a personal profile and a detailed explanation of where your capital came from. The bank wants to understand how you built your wealth, not just where this particular transfer originated.

Is there still banking secrecy in the Bahamas?

No. The Bahamas participates in CRS and exchanges account data with tax authorities elsewhere. You get confidentiality from third parties, not invisibility from the taxman.

Is there income tax in the Bahamas?

There is no personal income tax locally, but that changes nothing about the tax you owe where you are resident. Controlled foreign company rules and foreign account reporting in your home country still apply.

Personal accounts: The Bahamas

Fees

See also

FAQ

Don’t want to figure this out alone?