The Bahamas possesses an outstanding infrastructure for commercial and industrial activity, and offers a highly-skilled workforce. The professional community of accountants, international bankers, trustees, and investment specialists is large, diverse and highly skilled. There is also a full complement of respected and experienced law firms.

An available pool of well-qualified international and Bahamian financial services professionals means The Bahamas can offer long-term working relationships with resident expertise.

Find Financial Services Professionals in the Bahamas Directory.

Bahamas Financial Service Professionals

The financial services sector in The Bahamas contributes roughly 20% to GDP, with annual expenditures in the local economy, of the banking sector alone, exceeding $400 million, and with assets under management already approaching $1 trillion.

There are over 80 insurance companies, with assets approaching $700 million. Over 700 Mutual Funds have assets under management totaling almost $100 billion.

The Bahamas Registry, considered one of the world's most prestigious, is currently ranked as the 3rd largest ship registry in the world.  Merchant ships represent some 35 million gross tons.

The Bahamas offers a full range of financial services and products, including: asset management and protection; commercial banking, brokerage services, company formation & administration; information technology services; insurance & support services; investment management; fund administration; private banking; maritime registry & support services; support services (back office); trust services.

There are over 600 attorneys trained in English Common law and over 300 chartered accountants. In addition to the impressive number of these professionals practising in The Bahamas, other support services include corporate and ship registries, investment advisory and planning services, property management and insurance.

Some banks also provide back-office administration and company management, as well as information processing of their affiliates from other offshore jurisdictions. Some firms in the financial services industry have expanded their services to include tax consulting, with others specialising in structures involving tax compliant insurance products.

Search our Bahamas Web Directory for Financial Service Professionals.

Bahamas Financial Services News & Reports

BFSB, ICB Talking Insurance at Global Conference

The Bahamas Financial Services Board (BFSB) and the Insurance Commission of The Bahamas (ICB) are in Philadelphia this week attending RIMS 2012, the annual Conference and Exhibition of the Risk Management Society.More than 10,000 delegates from aroun...

Focus on Captive Insurance

The Bahamas Financial Services Board (BFSB) and the Insurance Commission of The Bahamas (ICB) attended the annual International Conference of the Captive Insurance Companies Association (CICA) held on March 11-13, 2012 in Scottsdale, Arizona.

This ma...

New Superintendent for Insurance Commission

The Insurance Commission of The Bahamas (ICB) has announced the appointment of Michele Fields as the new Superintendent of Insurance.

Mrs. Fields is a member of the Institute of Chartered Accountants in England and Wales, having qualified with KPMG (f...

Insurance Sector Developments:Industry Briefing

The Bahamas Financial Services Board (BFSB) and the Insurance Commission of the Bahamas (ICB) in collaboration with corporate sponsor Ernst & Young will host a Breakfast Briefing on Tuesday, January 17, for an update on insurance sector developments....

Legislative Developments - February 2012

The Bahamas Financial Services Board (BFSB) today hosted an all-day seminar to address recent legislative developments. CEO Aliya Allen said the legislation passed will enhance the competitiveness of the nation's financial services industry.

Joining B...

Conducting Insurance Business in The Bahamas

The Government of The Bahamas has taken steps to bolster its financial services sector through the enhancement of legislation pertinent to international products that are in high demand. This is evidenced by the introduction of the External Insurance A...