Bahamas

The Bahamas has a long history as a financial services hub, attracting numerous FX and CFDs brokers due to its developed infrastructure and expertise. The Bahamas’ geographic location offers convenient access to the North American market, a major player in the FX and CFDs industry.

Transparent Regulations: The Securities Commission of The Bahamas (SCB) enforces clear and transparent regulations for FX and CFDs activities, promoting investor protection.
Streamlined Process: The SCB offers a relatively streamlined licensing process compared to some stricter jurisdictions.
Regulator Reputation
Securities Commission of The Bahamas (SCB): The SCB is a well-established regulator, committed to upholding international regulatory standards.
Focus on Innovation: The SCB actively encourages innovation within the financial services sector, potentially benefiting forward-thinking FX and CFDs brokers.
Favorable Tax Environment: The Bahamas offers a competitive corporate tax rate and tax exemptions on certain financial transactions.
Lifestyle Appeal: The Bahamas’ reputation as a desirable location can be advantageous for attracting and retaining talent.

Get in touch with us to learn more about Heaving a FX CFD license in the Bahamas

Jurisdiction: Bahamas
Regulator: Securities Commission of the Bahamas
License Name: Securities Industry Act License (Dealing in Securities as Principal or Agent)
Products Allowed (CFD on all/certain assets): FX and CFDs
Activities Allowed (Broker/MM): Market Maker & Broker
Passporting: N/A
Leverage Limitations: 1-200
Structure requirements (#shareholders / director/officers, MLRO): Minimum of 1 shareholder; 1 director (Bahamas based); 1 CEO (Bahamas based), 1 Chief Compliance Officer (Bahamas based), 1 AML Reporting Officer (Bahamas based)
Basic requirements (business plan, website. demands from UBO, professional background: Detailed business plan incl. 3 years financial forecast. UBO to have at least 1-2 years of FX/CFDs expericence (or equivalent); directors to have at least 3 years of FX/CFDs experience
Local Physical Presence (Local Office and Local Staff): 1 director (Bahamas based); 1 CEO (Bahamas based), 1 Chief Compliance Officer (Bahamas based), 1 AML Reporting Officer (Bahamas based); Auditor (Bahamas based)
Insurance: Professional liability insurance is mandatory
Clients' Funds Segregation: Mandatory (must open 2 bank accounts - 1 Corporate and 1 for clients' funds)
Corporate Income Tax Rate: 15%
Minimum Capital Requirement: $300,000 USD
Time Frame for License Issuance (as of submission): 3-6 Months
Regulatory leniency level (basic, intermediate, complex): Complex
License Validity: No expiry date
Reporting Frequency (Monthly/Quarterly/Annualy): Periodic Reports; AML & Compliance Reports; Annual Audited Financial Statements

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