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”