Andbank (BAHAMAS) Limited 100% subsidiary of Andbank Group 2 - - PowerPoint PPT Presentation

Andbank (BAHAMAS) Limited

100% subsidiary of Andbank Group

Strategic Location

The 10 Pillars Of The Bahamas

• Bridge to the Americas with direct

flights to Panama and Miami

• 700 Islands
• Ideal hub for regional market

(approx. 10 bio USD) and international business

• Same time zone as New York and

Toronto

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Pillar One

Wealth Management Options

The 10 Pillars Of The Bahamas

• Diversity of licensed banks (over

250), trust companies and advisory firms

• More than USD 200 bn under

management

• Structures available for funds, smart

funds, IBCs, captive insurance, trusts and foundations

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Pillar Two

Physical Resources

The 10 Pillars Of The Bahamas

• Modern facilities with fiber optic

cable networks

• Fast and efficient communication
• 21 International airports
• Freeport industrial zone

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Pillar Three

Human Capital

The 10 Pillars Of The Bahamas

• Solid educational system
• Estimated 9000+ financial

professionals

• Government provides training for

local work force to ensure skilled labor force

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Pillar Four

Taxation

The 10 Pillars Of The Bahamas

• Tax neutral platform
• No income, capital gains, inheritance

taxes

• Respect for personal privacy
• 30 TIEAs incl. Spain
• Compliant tax business for US

citizens welcome

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Pillar Five

Political & Economic Stability

The 10 Pillars Of The Bahamas

• More than 280 years of political and

economic stability

• Common Law
• Member of UN, Commonwealth

Nations

• Investment grade government debt

rating (S&P and Moody’s)

• Stable currency on par with USD

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Pillar Six

Regulation

The 10 Pillars Of The Bahamas Regulatory independence maintained through the separation of roles of policy makers:

• Central Bank - Banks and Trust
• Security Commission - Securities and

Funds Industry

• Participant in organizations that

monitor standards for Anti-Money Laundering and Countering of Terrorist Financing

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Pillar Seven

Work Permits & Immigration

The 10 Pillars Of The Bahamas

• Foreigners with specialized skills that

are not locally available are welcome

• Direct flights from many

international destinations, Panama, London, Canada, US

• Excellent schools
• Good hospitals

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Pillar Eight

Permanent Residency

The 10 Pillars Of The Bahamas

• Min. real estate investment of USD

500,000.—

• An investment of USD 1,5 mio

guarantees expedited review within 21 days

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Pillar Nine

Lifestyle & Culture

The 10 Pillars Of The Bahamas

• Restaurants and relaxation, family

fun, entertainment, adventure and exploration

• Out-door attractions, beaches, luxury

resorts, golf courses, restaurants, duty free shopping

• Legal framework upholding just

moral standards and ethical values

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Pillar Ten

Account Opening

Natural and Legal Persons

• Documentation required as per

international standards

• English documentation mandatory
• Client signs Risk and Investment

Profile as well as suitability and appropriateness

• Trusted corporate services providers

available to setup different structures

• Any shareholder with more than 10%,

considered an BO requires complete due diligence

• Min amount: USD 1 mio or equivalent

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Client Relationship

Natural and Legal Persons

• Andbank (Bahamas) Limited is under

the guidelines and supervision of the Central Bank of the Bahamas and the Securities Commission of the Bahamas

• Banker who introduces client,

maintains relationship to client with full local support of Andbank (Bahamas) Limited

• Client visit to The Bahamas is

advisable but not necessary

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KYC Requirements

Natural and Legal Persons

• Strict guidelines enforced by the Central Bank of the Bahamas and the

Securities Commission

• Notarized certified copy of client ID valid for at least 6 months
• Utility bill or similar to prove residence and address and not older than 6

months

• Bank reference letter

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KYC Requirements

Natural and Legal Persons

• Source of funds & wealth
• Purpose of the account
• Client’s professional activity
• Same applies to power of attorney
• holders and representatives on

the account

• Account can not be opened until all information is gathered
• The KYC requirements applicable in the Bahamas are international

standard in line with 32 countries worldwide

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Product Range

• Multi currencies
• Portfolio Management
• Fix Term Deposits & Fiduciary Deposits
• Equities, ETFs, bonds, funds, derivatives,
• ptions, futures, forex,

spot & forwards

• Credit lines
• International wire transfers
• Credit cards
• Online banking

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TIEAs

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• Argentina
• Australia
• Belgium
• Canada
• China
• Denmark
• The Faroes
• Finland
• France
• Germany
• Great Britain
• Greenland
• Guernsey
• Iceland
• India
• Japan
• Korea
• Malta
• Mexico
• Monaco
• Netherlands
• New Zealand
• Norway
• Poland
• San Marino
• South Africa
• Spain
• Sweden
• United States

The Bahamas

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Andbank (Bahamas) Limited One Montague Place, East Bay Street P .O. Box A.P . 59223 Nassau, Bahamas Phone: +1 242 394 7090 Fax: +1 242 394 7089

www.andbank.com

Disclaimer “The information on this presentation is provided for general reference purposes only and is not intended to constitute any

• ffer to accept deposits or the invitation or solicitation of an offer in respect of deposits or any product or service provided by

Andbank Bahamas. This presentation is provided for information purposes only and cannot be construed as advice and must not be relied upon in connection with any decision to place any deposit with or to use any service provided by Andbank Bahamas.”