FAQs

Controller of Exchange

I am a Bahamian citizen who plans to take up residence outside of The Bahamas. Would foreign exchange restrictions still apply to me?

Bahamian citizens who have or intend to take up permanent residence outside The Bahamas are required to 'formally emigrate' for Exchange Control purposes. Forms to assist in this process are available in the Exchange Control Department and must be completed in duplicate and supported by evidence that the applicant has been accepted as a permanent resident of another country (e.g. copy of Permanent Resident certificate or copy of Green Card for those living in the United States).


  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