Foreign Currency Loans – Non-Resident Individuals

Published: Friday January 28th, 2022

Foreign Currency Loans - Non-Resident Individuals

i. borrower’s name and address;

ii. a copy of the relevant pages of the borrower’s passport along with documentation to confirm
his/her Bahamas immigration status, if any;

iii. confirmation of the amount and currency of loan;

iv. confirmation of the specific purpose for which the funds are required (supported by relevant
documentation);

v. a copy of the lender’s commitment letter/loan agreement/promissory note;

vi. a copy of the Bahamas Investments Board Permit (if local real estate is pledged as security to
a foreign lender);

vii. a copy of the Bahamas Investment Authority’s approval (if the loan proceeds are required to
assist with the financing of a local commercial project or if local shares are pledged as security
to a foreign lender).