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Foreign Currency Company, Fixed Deposit, Client & Money Transmission/Transfer (MTB) Business Accounts

Published: Wednesday November 11th, 2020

EXCHANGE CONTROL DEPARTMENT

 

Foreign Currency Company, Fixed Deposit, Client & Money Transmission/Transfer (MTB) Business Accounts

All Applicants

  1. A copy of the Board/Directors’ Resolution authorizing the opening of the relevant account and its funding by the source indicated on application;
  2. A copy of the company’s current Business Licence or Certificate of Good Standing;
  3. A copy of the company’s local regulatory licence or registration (e.g., Service Provider’s License); and
  4. A copy of the company’s Letter of Good Standing from the relevant professional association(s).

Wholly Bahamian Owned Companies:

  1. A copy of the company’s Certificate of Incorporation;
  1. A copy of the relevant pages of the passport for each shareholder and ultimate beneficial owner for shares held by a nominee;
  1. A copy of the certified share register for the company; and
  1. A copy of the Declaration of Trust to evidence ultimate beneficial ownership of shares held by a nominee.
Document(s)
Exchange Control Department FX MTB Business Accounts
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