Bahamas Financial Services Industry

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

 

IBFS 2018A Great Success

This year the Bahamas Financial Services Board hosted its annual International Business and Finance Summit in conjunction with Bahamas Briefing on March 1st and March 2nd at the Baha Mar Convention Center. At the Bahamas Briefing international intermed...



ASSOCIATE IN CAPTIVE INSURANCE (ACI) SCHOLARSHIPS AWARDED

The Bahamas Financial Services Board (BFSB) and the Insurance Commission of The Bahamas (ICB), in collaboration with the Bahamas Insurance Association (BIA) and the Insurance Institute of the Bahamas (IIB)are pleased to announced that two (2) recipie...



Novel Facebook-based survey measures citizen frustration with bureaucracy in ...

The Inter-American Development Bank launched two studies that show the low regard citizens have for the quality of public services they receive and how innovation can help make these services less bureaucratic.

IDB Release



Opalesque Bahamas Roundtable

Family Governance, Legacy and Dynastic Vision: Family Office Roundtable in The Bahamas

With a long standing history and track record in financial services, The Bahamas has a first class legislation and judicial system as it relates to private client w...



BISX Engages With Listed Issuers

The Bahamas International Securities Exchange (BISX) recently hosted a closed-session Conclave with its Listed Issuers. BISX says the intent was to meet with senior representatives of Listed Issuers to discuss their duties and responsibilities to the m...



Industry Scholarships for Associates in Captive Insurance (ACI) Designation

BFSB and the Insurance Commission of The Bahamas are partnering again to provide two (2) full scholarships for the Associates in Captive Insurance (ACI) designation offered by the International Center for Captive Insurance Education (ICCIE).

ICCIE was...



 
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