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Exceptional Debits and Credits

Published: Wednesday November 11th, 2020

EXCHANGE CONTROL DEPARTMENT

 

Exceptional Debits & Credits

Individual Account Holder

  1. A copy of the relevant pages of the applicant’s passport; and
  2. Documentation to confirm the applicant’s Bahamas immigration status, if applicable.

Corporate Account Holder

  1. A copy of the company’s Certificate of Incorporation;
  2. A copy of the relevant pages of the passport for each shareholder; and
  3. Documentation to confirm the Bahamas immigration status for each shareholder, if applicable.

Exceptional Credits to an External Bahamian Dollar/Foreign Currency Account: documentary evidence to confirm the source of funds for credit to account (e.g., rental agreement, executed conveyance, cheque to confirm insurance payout)

Exceptional Debits from a Foreign Currency Account:

  1. A copy of the recipient’s passport;
  2. Documentation to confirm the recipient’s Bahamas immigration status, if applicable; and
  3. Documentation to confirm the purpose of the transaction (e.g., loan agreement, resolution for declaration of dividends, sales agreement for local property transaction, etc.)

Exceptional Credits to a Foreign Currency Account: documentary evidence to confirm the source of funds for credit to account (e.g., rental agreement, executed conveyance, cheque to confirm insurance payout)

Document(s)
Exchange Control Department Exceptional Debits and Credits
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