Further Investment in a Resident or Resident Branch Designated Company

Published: Wednesday November 11th, 2020

Further Investment in a Resident/Resident Branch Company

ALL APPLICANTS

i. a copy of the Board Resolution authorizing the shareholder’s injection including confirmation
of the purpose for which the funds will be utilized and the account on which the funds will pass
to the company (i.e., shareholders loan, contributed surplus, or otherwise);

ii. a copy of the Bahamas Investment Authority’s (“BIA”) approval, if there has been a change in
the activities of the company approved by the BIA.

PROPERTY PURCHASE (ALL APPLICANTS)

i. a copy of the sales agreement;

ii. a copy of the Bahamas Investments Board Permit/Certificate of Registration in the
vendor’s/purchaser’s favour, if applicable;

iii. a copy of the recorded conveyance in the vendor’s favour.

PROPERTY PURCHASE (INDIVIDUAL VENDOR)

i. a copy of the relevant pages of the vendor’s passport;

ii. documentation to confirm the vendor’s Bahamas immigration status, if applicable.

PROPERTY PURCHASE (CORPORATE VENDOR)

i. a copy of the company’s Certificate of Incorporation/Registration;

ii. a copy of the company’s Certificate of Good Standing;

iii. a copy of the relevant pages of the passport for the company’s ultimate beneficial owner(s);

iv. a copy of the Board Resolution approving the property sale and the account on which the
proceeds of sale will pass to the beneficial owner(s) of the company