Bahamas

Minimum capital requirement:

• Investment Dealer and Agent – USD 300,000
• Investment Agent – USD 120,000

Overview:

No company is permitted to engage in securities business within or from the Bahamas unless duly registered with the Securities Commission of the Bahamas (hereinafter referred to as the Commission). The Commission is the national regulatory body responsible for licensing all types of financial dealers in the Bahamas.

An applicant seeking a Forex License is obligated to submit the appropriate application to the Commission.

Benefits of a Bahamas Forex company:

• No Corporate Income Tax
• No Personal Income Tax
• Dividend income from foreign investments is exempt from taxation
• Royalty income is not taxable in the Bahamas
• No requirement for tax returns
• No Information Sharing
• Low Annual Fee

Requirements:

• A physical office in the Bahamas is mandatory
• Appointment of a local CEO and compliance officer is also necessary
• A physical presence and local directors are prerequisites for obtaining this license.