Exchange Control Notes and Guidelines

Residents Investments in Foreign Currency Denominated Assets

N.B.: Please find the application to purchase investment currency here: https://cbob.netcluesdemo.com/exchange-control-notes-and-guidelines/online-applications/the-icm-purchase-redemption-forms

See also Investment Currency Market;

See also Employee Stock Option Plans See also Special Criterion Investments

1. applicant’s name and address;
2. a copy of the relevant pages of the applicant’s passport;
3. a copy of the applicant’s Certificate of Naturalization/Permanent Residence with no restrictions on employment in The Bahamas, if applicable;

1. for proposed investors that are wholly resident owned corporate or other entities:
   1. name of the entity;
   2. a copy of the entity’s formation document (e.g., Certificate of Incorporation, Partnership Agreement, Certificate of Trust, etc.);
   3. application for designation if applicable (see Companies Designation, Capital Investment and Share Transactions;
   4. a copy of the entity’s Business License/Certificate of Good Standing, if applicable;
   5. a copy of the approval from the relevant local regulator(s), if applicable;
   6. a copy of the relevant pages of the passport along with Certificate of Naturalization/Permanent Residence with no restrictions on employment in The Bahamas, if applicable, for each of the entity’s beneficial owners.

1. confirmation of the amount and currency of the investment;

1. for proposed investments in employee stock option grants, employee share purchase plans and employee stock option plans:
   1. employee’s national insurance number;
   2. confirmation of the number and value of shares that the employee is eligible to acquire;
   3. name of the employer company;
   4. documented details of the employee stock option plan.

1. for proposed investments in real estate/timeshares: a copy of the executed sales agreement;

1. for proposed portfolio investments:
   1. a copy of the shareholder agreement, company prospectus, etc.;
   2. a copy of the agreement with the service provider with whom securities will be purchased/traded, if applicable.

1. for other proposed investments: documented details of the proposed investment.