Regulatory Alerts2009-01-01
International Financial Services (Licence Fees) Regulations, 2009
The Central Bank of The Bahamas issued these regulations to establish specific licence fees for international financial services providers under the International Financial Services Act. The rules mandate a $100,000 fee for companies receiving foreign money deposits and a $50,000 fee for those providing non-deposit international financial services, payable upon issuance and annually thereafter. These provisions revoke the previous Off-Shore Banking (Licence Fees) Regulations of 1980 and require all payments to be made to the Accountant-General.
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