Investment In The Bahamas

Tourism in the Bahamas now accounts for approximately 40% of a GDP of US$3.5bn with over 3.4 million visitors annually. The banking industry is the second most important industry and financial services are estimated to contribute about 20% of the GDP. The four core types of business are discussed below.

The development of The Bahamas as an international banking centre is the direct result of deliberate government policy together with responsive legislation to provide for sound supervision by The Central Bank of The Bahamas. This has resulted in over 400 banking licences being issued.

There are several types of banking institution which are categorised as follows: