Whether you want to travel to the Bahamas or are considering the option of moving there, one of the primary things that might be on your mind is money.
More specifically, the currency utilized in the Bahamas for all sorts of transactions is something you will need to familiarize yourself with so that you can stay on top of things, both while traveling and once you step foot onto the island.
So, what is the currency in the Bahamas? What kinds of coins and banknotes are issued as part of the currency and what are the exchange rates for the currency?
To learn more about the currency in the Bahamas, along with some information on handling the currency and money, keep reading and start making preparations!Continue reading “Bahamas Currency: Denominations, Exchange Rates & Management”
The Bahamas relative wealth — it’s the third-richest country in North America after Canada and the US — and stable economy make it an attractive option for investors looking for opportunities outside their home countries.
Whether you plan to spend some of your time residing in the country or want to put your money to work there, investing in The Bahamas has the potential to be a very lucrative proposition.
In this post, I’ll explore some investment opportunities in The Bahamas. We’ll examine different types of opportunities:
- Investment funds
- Property (commercial and rental)
- Alternative opportunities
We’ll look at how to take advantage of them and what caveats to keep in mind before you invest. Let’s get started!Continue reading “Bahamas Investments: Funds, Property & Alternative Opportunities”
The financial sector accounts for a significant portion of the Bahamian economy, making up a little more than a third of the country’s business. And because of the country’s reputation as an international financial hub, the banking sector attracts a significant amount of attention from foreign clients.
This isn’t a bad thing. Financial institutions in The Bahamas are well-equipped to address your needs as a foreign citizen.
Whether you want to live, work or invest in The Bahamas or want to move your money outside of your home country, it’s important to have a solid understanding of the ins and outs of The Bahamas’ offshore banking system.
In this post, I’ll provide you with a general overview of the country’s banking system, what you need to get started using Bahamas offshore banking and some of the benefits that it may offer you.Continue reading “The Bahamas Offshore (Private) Banking System”
While The Bahamas is known the world over for its sunny beaches, beautiful weather and laid-back lifestyle, there are many other factors that make the island chain an attractive destination.
The Bahamas offers a wealth of opportunities for investors and business-minded individuals — from its established reputation as an international financial center to its thriving real estate market.
But what if your ambitions are a bit larger in scope and you want to operate a company in The Bahamas? Navigating legal requirements and restrictions to create a business can be challenging enough at home, let alone when dealing with a foreign government.
In this post, I’ll examine some of the ins and outs of Bahamas company registration, rules and requirements, how to set up a company in The Bahamas and some of the benefits of doing so.Continue reading “Bahamas Company Registration & Formation”