The passage of the Digital Assets and Registered Exchanges Bill, 2020 (DARE) has put in place the legal framework for a vital, well-regulated and compliant industry in The Bahamas for those interested in entering the digital asset space.

Consolidates and amends law relating to business licences from 2010 to 2022. Repeals the Business Licence Act, 2010.

This country-specific Q&A provides an overview of Banking & Finance laws and regulations applicable in The Bahamas.

The Investment Funds Act, 2003 and its accompanying regulations, the Investment Funds Regulations, 2003 govern the licensing and regulation of investment funds in The Bahamas.

As Attorney-General and Minister of Legal Affairs, I wish to start by asserting one of the most fundamental principles of our jurisdiction.

Elco Bank and Trust Company Limited specialises in the provision of a comprehensive range of financial and corporate services from its office in The Bahamas.