FAQs

Controller of Exchange

As a non-resident am I permitted to enter into loan agreements denominated in Bahamian dollars?

Persons regarded as non-resident for Exchange Control purposes are not normally permitted to borrow Bahamian dollars. Bahamian incorporated companies with non-resident ownership are expected to borrow in foreign currency, proportionate to the equity interest in the company. Such companies however may, with the prior approval of the Central Bank, borrow in Bahamian dollars for non-capital related items.


  1. Are Bahamians permitted to open foreign currency accounts?
  2. Are Bahamians permitted to invest in financial securities abroad?
  3. What should I do if I wish to send funds to someone attending school outside of The Bahamas?
  4. As a non-resident am I permitted to enter into loan agreements denominated in Bahamian dollars?
  5. As a temporary resident in The Bahamas, would I be permitted to send funds to family etc. in my home country?
  6. Are there special provisions in respect of property transactions that involve non-residents?
  7. I am a Bahamian citizen who plans to take up residence outside of The Bahamas. Would foreign exchange restrictions still apply to me?
  8. How are external (foreign currency) reserves managed?
  9. How can we tell if external (foreign currency) reserves are 'too low'?
  10. How have external (foreign currency) reserves changed over the past few years?


Available FAQs