BFSB represents an innovative commitment by the financial services industry and the Government to promote The Bahamas as an int'l financial centre.
BFSB represents an innovative commitment by the financial services industry and
the Government of The Bahamas to promote a greater awareness of The Bahamas'
strengths as an international financial centre.
The Bahamas is an archipelago of 700 islands extending over 500 miles into the Atlantic Ocean from a point 50 miles off the east coast of Florida. The Bahamas as an adult literacy rate of 95% and an average per capita income of more than $20,000, one of the highest in the region. A parliamentary democracy for more than two-and-a-half centuries, The Bahamas has continued to enjoy political and social stability since its independence from Britain in 1973.
The Bahamas' well-developed economy is driven largely by tourism, which accounts for approximately 60% of the nation's $7 billion gross domestic product, and a rapidly expanding financial services industry. The balance of economic output comes from retail and wholesale trade, fishing, light manufacturing and agriculture.
The Bahamas has been providing banking and trust services to the international financial community since the 1930s. Over 250 banks and trust companies are licensed by the Central Bank of the Bahamas, with most maintaining a physical presence.
The BFSB Brochure and the other publications listed under Industry Services provide a wealth of information on The Bahamas and the financial industry in the country.
