FAQs

Controller of Exchange

Are there special provisions in respect of property transactions that involve non-residents?

Real property transactions are governed by the International Persons Land Holdings Act, which is administered by the Investments Board in the Office of The Prime Minister. However, the non-resident who invests in real property must register their investment with the Exchange Control Department. The term given to this registration is 'Approved Investment Status'. Approved Investment Status guarantees non-resident investors that they will be permitted to repatriate, upon application, income derived from the sale of any real property or any income received therefrom (e.g. rental income). The investor must produce documentary evidence, to the satisfaction of the Exchange Control Department, in support of the investment.


  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