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Bahamas: Law of Offshore

Table of Statutes

This page was last updated on 22 Mar 2019.

TThis is a non-exhaustive list of the main Bahamian statutes affecting offshore and non-resident business. The statutes are listed in alphabetical order – click on the statute for a fuller description of the statute, the legal regime it forms part of, or in some cases the text of the law.

Bahamas Free Trade Zone Act
Banks and Trust Companies Act 1965
Banks and Trust Companies Regulation (Amendment) Act 2000
Business Licenses Act 1980

Central Bank of the Bahamas (Amendment) Act 2000
Companies Act 1992

Criminal Justice (International Cooperation) Act 2000
Exchange Control Act 1952
Exchange Control Regulations 1956

Exempted Limited Partnership Act 1995

External Insurance Act 1983

Financial and Corporate Service Providers Act 2000
Financial Intelligence Unit Act 2000
Financial Transactions Reporting Act 2000
Foundations Act 2004 
Fraudulent Dispositions Act 1991
Hotels Encouragement Act
Industries Encouragement Act
Insurance Act 1969
International Business Companies Act 1989

International Business Companies (Amendment) Act 1994
International Business Companies Act 2000
International Business Companies (Amendment) Act 2004 

International Persons Landholding Act 1993
Investment Funds Act 2003
Merchant Shipping Act 1976

Mutual Funds Act 1995

Mutual Legal Assistance (Amendment) Act 2000
Perpetuities (Amendment) Act 2004
Purpose Trust Act 2004 
Registration of Business Names Act 1989
Securities Board Act 1995

Segregated Accounts Companies Act 2004
Trust (Choice of Governing Law) Act 1989
Trustee Act 1893
Trustee Act 1998

In 2018, an overhaul of securities legislation was completed, including several structural changes. Most important are the updates made to the Investment Funds Act. The latter was originally set up to deal primarily with trusts, and has been adjusted to incorporate the various roles within fund structures.

The most important changes are: