Enterworld offers complete licensing and regulatory support to ensure a smooth process for securing a Bahamas broker dealer license. Get your Bahamas brokerage license and operate your business with regulatory clarity. Reach out to Enterworld today and get up to 20% off on professional fees, 100% compliance guaranteed.
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Enterworld offers a simplified and straightforward process to help you apply for a broker-dealer license in the Bahamas.
2 to 4 Months
Timeline
No
Travel Required
100%
Foreign Ownership
Yes
AML Compliance
SPecial offer
Dealing in securities as an agent for buying, selling, subscribing for or underwriting securities or as a principal trading for its own account, including underwriting securities. In this license category, the individual holds themselves out as willing to buy, sell or subscribe for securities at prices they determine.
They also carry out securities underwriting as part of their business activities. They regularly approach members of the public to encourage buying, selling, subscribing for, or underwriting securities, whether acting on their own behalf or for others.
If you are an individual managing security that belongs to another, particularly in situations that require the exercise of discretion. The broker-dealer license in the Bahamas for managing securities will need a minimum share capital of around $300,000 USD. In the Bahamas, managing securities involves applying for a license as a firm or individually.
Additionally, you will need to appoint a discretionary management representative to manage the securities in discretion. A compliance officer is also required and must be registered with the SCB.
Advising an individual or a party on securities falls under the license category of a registered representative for advising only or a registered firm for advising on capital markets instruments. Both categories are regulated by the Securities Commission of the Bahamas (SCB).
A Bahamas broker dealer license is granted under restricted or full authorization, depending on the scope of advisory services offered. The licensing process involves applying with a detailed business plan. A minimum capital of $25,000 will also be required for a securities investment advisor license.
The Bahamas broker-dealer license for arranging deals in securities, whether as a principal or an agent, allows companies to facilitate and coordinate securities transactions by introducing parties, structuring deals, and supporting execution without directly buying, selling, or holding client funds or assets.
A Bahamas brokerage license is commonly used by advisory firms, corporate intermediaries and financial service providers involved in structured transactions. The minimum capital requirement starts at USD 120,000, subject to the scope of approval granted by the Securities Commission of the Bahamas (SCB).
A Bahamas securities brokerage license allows companies to operate from a well-regulated and internationally recognized financial hub. It also offers regulatory clarity and operational flexibility; the other key benefits of getting a Bahamas broker dealer license online include:
The Bahamas has a tax-friendly environment with no corporate income tax and capital gains tax. It also does not have any withholding taxes on foreign-earned income, royalties or dividends, offering tax efficiency for license holders.
The country is an excellent jurisdiction for securities business as it offers a flexible financial system. The Bahamas also has an advanced banking system for international transactions, with high standards of confidentiality.
Obtaining a Bahamas brokerage license will give you market access to the global securities and forex markets. This attracts global clients and supports smooth business operations with non-residents.
To obtain a broker-dealer license in the Bahamas, you will have to submit detailed information for the company and the individuals. Here is the step-by-step guide for you to follow while applying for the Bahamas broker dealer license with the SCB:
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The first step is to establish a legal entity within the Bahamas that aligns with the license and business scope. You can either incorporate a Bahamas International Business Company (IBC) or a Bahamas company limited by shares.
The second step is to prepare a detailed business plan. It should include details on the financial forecast, business and operational model used, target market, risk assessment and information of the management.
The company will have to appoint a compliance officer, qualified directors, a resident Chief Executive Officer (CEO) and internal control systems. AML and CFT officers will also be required, who must be registered with the SCB.
Having a physical office space is a mandatory requirement; therefore, you will need to lease an office space for business operations. After securing an office space, you will have to hire key management roles to project a local presence.
There is a minimum capital requirement that needs to be deposited in the local bank account. Open a business bank account in the Bahamas, as it will offer transparency in funding sources and smooth financial transactions.
If the above requirements are met, the application must be submitted to the Securities Commission of The Bahamas (SCB). The application should include all the documents, including the AML manuals.
After submission to the SCB, the directors, key personnel and the company officers will have to undergo background and fitness checks. This ensures that the management is qualified and offers integrity and protection to the investors.
If the SCB authorities have queries or require additional information, you will have to engage and respond during their assessment. This process is also a part of the regulator’s assessment to ensure the timely issuance of the license.
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Why Enterworld is the First Choice for a Bahamas Broker Dealer License?
100% End-to-end Guidance from Application to Approval
24/7 Client Response and Advisory Services
Corporate Governance Support in the Bahamas
End-to-end Consulting Support in Financial Services
Straightforward and Streamlined Licensing Process
Company registration and Licensing in the Bahamas
100% Pricing Transparency and No Extra Charges
Outsourcing of Compliance & AML Support Services
Frequently Asked Questions on Bahamas Broker Dealer License
The broker-dealer license in the Bahamas is a legal authorization document issued by the Securities Commission of The Bahamas (SCB), under the provisions of the Securities Industry Act of 2011. This license allows you to legally conduct securities-related business operations.
There are various obligations when applying for the Bahamas broker-dealer license. The key obligatory requirements include a minimum capital requirement, a locally registered company, physical presence, a registered representative, a company director and shareholder, key personnel like CEO, officers and AML measures, insurance policies and accounting and audited financial statements.
The broker-dealer license in the Bahamas is issued by the Securities Commission of the Bahamas (SCB). The SCB is the main regulatory authority that is responsible for issuing and overseeing the securities business in the Bahamas. It is operated under the authority of the Securities Industry Act, 2011.
The essential accounting and audit requirement for the Bahamas securities broker license includes:
There are two mandatory personnel required while applying for a broker-dealer license in the Bahamas:
Yes, it is mandatory to submit a detailed business plan while applying for a broker-dealer license in the Bahamas. The business plan must be detailed and include the business model, risk management and financial forecasts.
The exact time will vary depending on the business activity and the license; however, it will take between 2 to 4 months. The estimated timeline will also depend on the office setup, due diligence, and the review process by the SCB.
The minimum capital requirement for the Bahamas securities broker license is:
Yes, compliance with Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) measures is mandatory for applying and maintaining a broker-dealer license in the Bahamas. Additionally, failure to adhere and non-compliance will lead to heavy fines and penalties.
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