Licenses are granted by the Securities Commission of the Bahamas (the “Commission”) under the provisions of the Securities Industry Act of 2011.
Below please find features of the particular license category in more details:
Feature/Category | Broker Dealer License |
Type of company required to be eligible | Bahamas LLC Company |
Corporate taxation | 0% |
Minimum paid up statutory capital | 300,000 USD |
Main requirements | Minimum 2 directors, Compliance & AML Officers (locals), qualified personnel, bookkeeping/audit, audited financial statements with local auditor, physical office |
Timeframe | A complete license application is normally decided upon Securities Commission approval within 2-4 months from the date of filing |
Government fees | 7,700 USD |
GFSC GLOBAL can offer as well the following services in relation to the license application, which include:
1) Opening of operational and clients bank accounts (worldwide)
2) Assistance with recruitment of personnel (e.g. Executive Director(s), Independent Non-Executive Director(s), other required qualified personnel)
3) Provide outsourced services, such as Accounting, Bookkeeping, Internal Audit, External Audit, Quarterly & Annual Reporting
4) Provide outsourced Compliance & AML Support services
5) Provide outsourced Risk Management services
6) Assistance with finding local premises
7) Assistance with Trademark & Brand Name registration
8) Provide in-house trainings/seminars
9) Provide Legal Opinions
10) Provide DPO & GDPR Advisory services
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