Personal Account Opening With A Bank In The Bahamas That Is Heavily Client Orientated With Multiple Investment Opportunities.
The international banking professionals at the Offshore Pro Group offer you the ability to open a private account in the Bahamas with a bank that offers the following benefits:
- Tax free jurisdiction
- Family owned bank
- Remote account opening
- Simplified Know Your Customer (KYC) procedure
- Range of investment products
- Multi currency accounts
- Fast account opening
- Online banking
Contact us via email email@example.com for the right professional advice about opening a personal account with this bank in the Bahamas. It is highly recommended that you initially go through the steps on this page Free Professional Advice On Choosing A Foreign Or Offshore Bank Account.
The Jurisdiction Of The Bahamas
The Commonwealth of the Bahamas, which is more popularly known as just the Bahamas, is an archipelagic state consisting of over 700 islands. It is situated in the Atlantic Ocean and is located to the Southeast of Florida in the USA North of Cuba. The Bahamas has a population of over 390,000 people and it is a parliamentary constitutional monarchy.
The Bahamas has a strong economy and it is one of the richest nations in the Americas. Tourism and financial services dominate the economy and agriculture is a very important sector as well. The country is also socially and politically stable. The country is renowned as being an offshore international banking center and there are numerous banks and financial institutions located there.
The Bahamas is well known as a tax haven. There are no taxes on income, capital gains, inheritance or wealth. Over the years it has been working hard to build a reputation as a jurisdiction that will not tolerate illegal monetary activities such as money laundering. It has been very successful with this endeavour and the banking regulations in the Bahamas are now very stringent.
The government of the Bahamas have introduced several laws to bring the country in line with international banking standards. There has been the Financial Transactions Reporting Act, the Financial Intelligence Unit Act and the Financial and Corporate Service Providers Act. The banks in the Bahamas are under the governance of the Central Bank of the Bahamas. Banks must hold a minimum of 2 Million US Dollars and this has to keep pace with the growth of the bank. This capital has to be made up of a minimum of 5% of assets or 8% of risk assets. No more than 15% of the total assets may be invested or loaned to any one group or business.
The strength of the economy together with the political and social stability as well as the strict fiscal regulations that are in place make the Bahamas a very good choice of jurisdiction for the protection, diversification and growth of your assets.
Private Bank For Your Personal Account In The Bahamas
This full service international private bank was opened in the Bahamas in 2014 and is a subsidiary of a parent bank in Luxembourg that was founded in 2009. It is a family owned bank and this family has a very good track record in the financial sector. They have many years of experience in the finance and investment industries.
The family always believed that there was a need for a traditional private bank where their clients could have total confidence that their assets would be safe. When they opened their banks they were determined to build strong private banks that provided the safety and reliability that clients were seeking.
The culture of the bank is a conservative one, and they are very client focussed. The main aim for the family was to build a bank that “they would like to bank with.” One of their primary objectives is to work closely with their clients to help them structure and manage their wealth correctly. The bank offers exclusive, discreet and highly personalized banking services for high net worth individuals and their families.
This bank can offer a range of traditional banking services as well advice on investment services. The family that owns the bank sees this as “co-investing with them.” There are many investment opportunities available through this bank that are not available to the general public. These range from private equity style products through to senior ranking bonds and loans to well established corporations.
There is a strict vetting process involved with all investments and the family owners will actually make investments themselves. The horizon for investment spans across almost all business sectors and geographies. All types of financial instruments are available from private equity to listed securities.
The Offshore Pro Group offers you the opportunity to open a private account in the Bahamas with this family owned bank and you will also receive professional financial advice from the bank for the protection, diversification and growth of your assets.
Private Banking Services At This Bahamas Bank For Your Capital Protection And Growth
It is possible for you to open a non-resident private account remotely with this bank in the Bahamas, so there is no need for you to travel there and hold a meeting with bank representatives. Once you have opened your personal account you will have access to a wide range of financial services that the bank can offer you.
Once your account has been opened with this bank you will be allocated a dedicated relationship manager. They will work closely with you to understand your financial aspirations and create an investment strategy and a portfolio that ties in directly with your financial goals. Your portfolio will be managed daily and provide you with regular performance updates.
Professional and expert advice will always be available to you in the complex and continuously changing world of investing. The bank has an advisory portfolio service that is there for clients that want to keep a level of involvement when it comes to making decisions about investments and the management of portfolios.
The bank also has a third party fund platform that all clients can use. Access to specialized fund managers is available that follow investment strategies determined by the bank. The funds include a full range of financial instruments that include commodities, fixed income and equities from the world’s major markets. These funds can provide the foundation for your portfolio and funds can be combined to ensure diversification of your assets and for growth.
There is a choice of multi currency accounts available from this bank. These include fixed term deposit accounts. Also available is a comprehensive range of credit cards in a currency of your choice. The cards are branded by either MasterCard or Visa. If required, cards can be provided by American Express that includes the exclusive Centurion card.
So that you can access your account 24/7 the bank provides a secure online banking service with your account. You can access this from anywhere with an Internet connection. Your account balances can be viewed and so can your recent transactions. You will also be able to obtain detailed statements with this online banking service.
The minimum deposit required to open a private account with this bank in the Bahamas is 200,000 US Dollars (USD) in cash or transferrable securities. The bank expects that all clients will hold at least one million US dollars in their account by the end of the first year of banking.
The account and transaction fees that are charged by this bank are subject to change at any time. It is essential that you check the current charges with your professional Offshore Pro Group international banking consultant. Your consultant will provide advice and guidance so that you can achieve the most preferential rates.
Please Follow This Exact Procedure To Open A Private Account At This Bank In The Bahamas
To be successful with the opening a non-resident personal account with this bank in Bahamas it is essential that you follow this step by step process precisely:
- Contact us via email firstname.lastname@example.org for totally professional advice about opening a private account with this bank in the Bahamas. It is highly recommended that you initially go through the steps on this page Free Professional Advice On Choosing A Foreign Or Offshore Bank Account.
It is vital that you fully understand the risks of non-resident banking in today’s climate and strongly consider opening a second foreign bank account.
- We will provide total professional assistance to you in opening a private account at this bank in the Bahamas, and for this you will need to pay a fee of 2999 EUR. You can pay by credit card, bank transfer, Money Gram, Western Union, Web Money or even Bitcoin.
- The bank will require the beneficial owner and all proposed account signatories to supply comprehensive documentaion to open a private account. This will include:
- A certified (notarized) color copy of the passport (the page that has the photograph and signature)
- Verification of residential address by means of a utility bill which contains the private address of the individual and is not more than 180 days old. A lease contract can also be supplied
- A reference letter that is addressed to the bank from a bank or a lawyer that is located in the resident country or equivalent as defined in the bank’s standards documentation
- An original Internal Revenue Service (IRS) document W-8BEN (for non US citizens) and W-9 for US citizens)
Once you have submitted all of the required documentation we will check them thoroughly and pass them on to the bank as quickly as possible. You will need to wait for 10 business days for your private foreign account in the Bahamas to be opened at the bank.
To begin the process of opening a private account at this bank in the Bahamas, please contact us by email email@example.com