Blog DetailsIntroducing License & Financial Industry
The Bahamas, is an island country in Latin America. Bahamas is known to be one of the richest countries in the Caribbean, having the highest per capita GDP in the Caribbean. Its main economic source Bahamas is tourism and finance.
As the financial industry is the main contributor to the country’s economy, Bahamas has implemented a variety of licenses which they conduct regulate their financial industry, and supervision of the financial industry is conducted through SCB (Securities Commission of the Bahamas). SCB is the financial regulator of the Bahamas, which is well-known and highly recognized by global investors. As the predecessor of the British colony, the Bahamas has many brokers who choose to apply for the Bahamas first. Many believe that the Hama’s license lays a certain foundation to apply for FCA license in the UK. Since Bahamas economic resource is the financial industry, many incentives were given to welcome foreign financial enterprises. For example, anonymity, no corporate income tax, no personal income tax, no tax on dividend income from foreign investment in the Bahamas, no tax returns, no information sharing, no public record of shareholders, etc.
Because the Bahamas is close to the United States and its predecessor is the British colony, its regulation has been recognized by the financial regulatory authorities of the United States, the United Kingdom and other countries. The Bahamas is one of the best choices for brokers in many financial regulatory license choices. For more information about the Bahamas, please contact us at.