Bank Account Setup for Your Bahamas Company
The Bahamas ranks among the Caribbean's most respected financial centres, home to over 200 licensed banks. We assist your Bahamas entity in securing corporate banking with robust infrastructure, international connectivity, and multi-currency support.
Remote opening
Manage the entire Bahamas bank account process from abroad. Applications, document submissions, and verifications are structured for remote completion.
Multi-currency
The Bahamian dollar is pegged 1:1 to USD, giving you native dollar banking. Additional currency options in EUR, GBP, and more are readily available.
Global network
With hundreds of banks operating in Nassau, your Bahamas company gains access to one of the region's deepest correspondent banking networks.
No restrictions
International Business Companies in the Bahamas face no exchange control requirements. Route payments and transfer capital internationally without limitation.
Banking Features Designed for Bahamas Entities
Discover why the Bahamas remains a top choice for international corporate banking
The Bahamas Banking Landscape for Corporate Entities
Premier Caribbean Financial Centre With Deep Banking Infrastructure
The Bahamas hosts one of the Caribbean's most established banking sectors, with numerous licensed banks and trust companies serving both domestic and international clientele.
No Local Capital Deposit Obligation for International Companies
Bahamian international business companies are not required to hold minimum capital in local bank accounts, preserving full flexibility over how and where funds are held.
Foreign Currency Transactions Exempt From Exchange Controls
While exchange controls exist for Bahamian dollar transactions, international companies operating in foreign currencies are generally exempt, ensuring unimpeded global fund flows.
Adherence to FATF, OECD, and Global AML/KYC Frameworks
The Bahamas maintains rigorous compliance with international anti-money laundering and transparency standards, strengthening its reputation among correspondent banks worldwide.
Extensive Network of Licensed Banks and Trust Companies
From boutique private banks to subsidiaries of global banking groups, the Bahamas offers a wide range of institutional options suited to different corporate banking needs.
Banking Capabilities for Bahamas Companies
Accounts in Multiple Currencies Including USD
Open corporate accounts denominated in US dollars, euros, pounds sterling, and other currencies, supporting seamless international trade and treasury operations.
Reliable International Transfers Through SWIFT Infrastructure
Bahamian banks are well-connected to the SWIFT network, enabling dependable cross-border wire transfers with competitive processing speeds.
Comprehensive Online Banking and Card Facilities
Most major banks in the Bahamas provide full-featured digital platforms for account monitoring, payments, and fund transfers, alongside corporate debit and credit cards.
Private Banking and Wealth Management Capabilities
Beyond standard corporate accounts, the Bahamas offers access to sophisticated wealth management, investment advisory, and fiduciary services through its established private banking sector.
Streamlined Onboarding With Remote Opening Options
Several Bahamian banks facilitate account opening through digital channels, allowing company directors to complete onboarding without travelling to Nassau.
Why Expanship for Your Bahamas Corporate Banking
With over 200 banks operating in the Bahamas, choosing the right banking partner and navigating the application process demands informed guidance. We bring focused experience in Bahamas corporate banking to help your entity secure the right account efficiently.
Expert Banking Guidance
Navigating the Bahamas' extensive banking sector requires informed guidance. Our team matches your entity with the right institution and steers the application to completion.
Trusted Banking Connections
Access a vetted network of Bahamian banks equipped to handle international business company accounts and cross-border financial operations.
Documentation Handled
We assemble, verify, and submit all paperwork required by Bahamian banks — ensuring nothing is missing and every detail meets institutional standards.
Streamlined Process
Our structured approach cuts through the complexity of Bahamas banking applications, reducing turnaround times and increasing the likelihood of first-time approval.
Regulatory Compliance
Bahamian banking regulations demand thorough due diligence. We ensure your submission meets all KYC, AML, and Central Bank of The Bahamas requirements.
Ongoing Support
Once your Bahamas account is active, we remain available for compliance updates, transaction queries, and any banking issues that arise.
Bahamas Banking Account Options
Explore a range of corporate banking solutions — from established international banks to modern fintech platforms — and find the right fit for your business operations.
Bahamas Account Setup Pricing
Clear, upfront pricing for professional bank account opening assistance. Pick the package that matches your banking requirements.
Digital Banking Package
Fast-track your corporate banking with expert-guided digital account setup
What You Get
- Assisted onboarding with one digital banking platform
Already included at no charge when you choose our Bahamas incorporation packages
Unlimited Banking Package
What You Get
- Assistance with any number of traditional banks
- Assistance with any number of digital banking platforms
Bank Selection Advice
Informed recommendations on which Bahamian and international banks best match your business requirements
Document Preparation
Full review and preparation of application materials to meet each bank's specific submission standards
Certified Document Support
Certified corporate documents such as Certificates of Incumbency with courier arrangements as add-on
Appointment Scheduling
Coordination of meetings and calls with banking representatives on your behalf
Bahamas Bank Account Opening Process
Navigate the Bahamas corporate account opening journey with confidence. Our structured approach ensures your application is handled efficiently from start to finish.
Select the right bank for your Bahamas company
We analyse your company's banking requirements and recommend Bahamas-based or international institutions best positioned to serve your specific business activities and goals.
Compile documentation and submit the application
Our team coordinates the preparation of corporate documents, compliance materials, and application forms, ensuring nothing is overlooked before the package is submitted.
Address any bank follow-up inquiries
Should the bank request supplementary information or further clarification during their assessment, we handle all responses to keep the process moving forward.
Get your approval and activate your account
Upon receiving the bank's decision, we assist with account activation if approved. In the event of a decline, we immediately pivot to alternative institutions.
Bahamas Corporate Banking Requirements
Everything you need to prepare for a successful Bahamas corporate bank account application. We help you compile and verify each document before it reaches the bank.
Certificate of Incorporation
Officially issued certificate confirming the company's registration with the Bahamas Registrar General
Articles of Incorporation
The founding constitutional document setting out your Bahamas company's governance rules
Certificate of Good Standing
Issued by the Registrar General to confirm the company is active and in compliance
Director Register
A current record identifying all directors serving on the board of the Bahamas company
Shareholder Register
Complete listing of shareholders and their respective ownership percentages
Economic Substance Return
Filing demonstrating economic substance in the Bahamas, if required by the company's activities
Passport Copies (Certified)
Notarised or certified colour copies of valid passports for all company directors
Address Verification
Recent documents proving residential address, such as utility bills or bank correspondence
Director Curriculum Vitae
Professional resume for each director summarising career history and qualifications
Professional Reference Letters
References from banks, accountants, or solicitors confirming the director's professional standing
Business Plan Summary
A clear outline of the company's commercial activities, revenue model, and market focus
12-24 Month Financial Projections
Forward-looking estimates of turnover, operating costs, and profitability
Expected Banking Activity
Description of anticipated deposit and withdrawal patterns, including currencies and frequency
Proof of Source of Funds
Documentary evidence showing how initial and ongoing deposits will be funded
Client and Counterparty Details
Information on the company's principal customers, suppliers, and geographic markets
Frequently Asked Questions
Answers to the most common questions about corporate banking in the Bahamas and international account services
The process generally takes between 2 and 6 weeks. Timeframes are influenced by document readiness, the bank's compliance review process, and any additional information requests that arise during assessment.
Several Bahamas banks support remote account opening through video identification and digital document submission. However, certain institutions may require at least one in-person meeting. We arrange the most efficient option available.
Minimum opening deposits vary by bank, typically starting from $1,000 for basic accounts and rising to $100,000+ for private banking. We advise on deposit requirements specific to each institution you're considering.
Banks expect evidence of genuine business activities, which can include a business plan, executed contracts, invoices, or trade documentation. This supports their regulatory compliance and risk assessment processes.
Yes, corporate documents generally need to be apostilled or legalised, and personal identification often requires notarisation. We manage the entire certification and authentication process on your behalf.
Most banks require corporate documents issued within the past 6 months. Good Standing Certificates should typically be no older than 30 to 90 days. We verify each bank's specific standards before submission.
For the initial application review, many banks accept high-quality scanned copies. However, certified originals are usually required before final approval. We confirm the documentation format needed for each bank.
Banks require certified English translations for any documents in a foreign language. We coordinate with accredited translation services to ensure all materials are ready for submission.
Banks require identification of anyone holding 25% or more of the company. Full identity documents, address proof, and a clear explanation of the corporate ownership chain are standard requirements.
If your company carries out relevant activities, banks may ask for evidence of economic substance in the Bahamas. Showing genuine business presence and operations supports a stronger application.
Certain banks restrict accounts for activities they classify as high-risk, such as cryptocurrency, gambling, or unregulated financial services. We guide you toward banks with policies compatible with your business.
Ongoing responsibilities include keeping company and ownership records up to date, responding to bank queries in a timely manner, reporting material business changes, and adhering to all applicable filing and substance requirements.
Expect monthly account fees ranging from $50 to $500+, international transfer fees of $15 to $50+ per transaction, minimum balance charges, and FX conversion fees. We supply a fee comparison for your shortlisted banks.
Yes, most corporate accounts carry minimum balance requirements between $5,000 and $500,000+ depending on the bank and account type. Penalties may apply if the balance falls below the threshold.
Most banks provide corporate debit cards, and some also issue credit cards based on the company's financial health and personal guarantees. Card programmes, limits, and terms vary between banks.
Banks offer secure online platforms with features such as account monitoring, multi-currency management, international transfers, beneficiary management, and downloadable statements, usually accessible via desktop and mobile.
Closures can occur for compliance reasons, shifts in bank policy, or changes in your company's business activities. Maintaining banking diversity is advisable — we assist in securing alternative accounts should any relationship end.
Speak With Our Bahamas Banking Team
Need guidance on Bahamas bank account setup, compliance requirements, or choosing the right financial institution? Reach out to us today.
