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For a variety of factors, the Bahamas is an attractive location for Payment Service Providers’ (PSP) institutions.The number of licensed Payment Service Providers (PSP) in the Bahamas has grown significantly over the past few years because of the large number of benefits.
The islands of The Bahamas are a tropical problem area and rank among the best get-away objections on the planet. Their magnificence, stunning climate, and the way that there are such countless islands (700 altogether) are essential for what makes this tropical archipelago extraordinary.
Indeed, even with their prominence, there are a few things you wouldn’t think about The Bahamas without having gone there yourself; like the way that you can swim with pigs at Big Major Cay, or that the island has a captivating privateer history. In case you’re arranging an outing to The Bahamas, realize that you’re in for a loosening up occasion.
NASA Astronaut Scott Kelly broadly called The Bahamas “the most lovely spot from space”, and it’s anything but difficult to perceive any reason why. With excellent white-sand seashores, encircled by an amazing palette of dark blue and turquoise waters, this tropical heaven sure sticks out. Home to a portion of the world’s most excellent white sand seashores on the planet, you’re probably going to encounter sea shore jumping more than ever. It’s a definitive spot for a seashore vacation! The Bahamas has the most well-known swimming with pigs’ involvement with the Caribbean, and it is certainly something you won’t have any desire to pass up, during your excursion in the islands. You’ll have to take a boat out to Big Major Cay, otherwise called Pig Island for this visit, and once you draw near enough to the island, you’ll really observe a portion of the pigs swimming out to your boat to welcome you. This is a family well-disposed visit, yet couples likewise appreciate the experience and becoming acquainted with the swimming pigs of The Bahamas. Large Major Cay is situated around 82 miles southeast of Nassau. Aside from the pigs and their overseers during certain pieces of the day, the island is uninhabited. There are a small bunch of islands in the Caribbean which are known to pull in the rich and acclaimed, and The Bahamas are high up on that rundown. Too well off voyagers from the world over-excursion in The Bahamas. The island country even offers super-rich occasions to buy their own private islands. In The Bahamas, you’ll have the option to have a look at the oceanfront estates of Oprah Winfrey, Michael Jordan, and numerous other celebrities. The ‘Golden Era’ or the ‘Golden Age’ is said to have been a period during the 1600s – 1700s, when privateers had a roaring economy in the Caribbean, especially in The Bahamas. They focused on trader ships going through the harbor and looted them. Their abundance included gold, salt, and numerous different products. Their benefits pulled in much more privateers, and among the well-known privateers in the area around then was Blackbeard. This confused situation proceeded until 1718 when British commander Woodes Rogers was delegated Captain-General, and Governor in Chief of Nassau, denoting the finish of the Pirate Republic. The Bahamas is a top decision for voyagers with jumping motivations, covetous of seeing submerged life at its generally astounding. There are many jumping spots for both swimmers and scuba jumpers, including the Exuma Cays Land and Sea Park, the Andros blue openings, The Conception Island Wall in Long Island, The Henry Ford Wreck in the Biminis, and the numerous reefs that can be found in The Abacos.
A ton of data is accessible about Christopher Columbus’ excursion through the Caribbean locale, and The Bahamas is said to have been one of the principal places where his team made landfall. Supposedly, Columbus “found” the new world, starting in either San Salvador, The Bahamas, or Samana Cay in The Bahamas. It is additionally said that when he arrived, the local Lucayan Taino individuals were at that point present. Throughout the span of quite a long while, the Taino public vanished from the islands.
It tends to be difficult to choose where to begin first with once again 700 islands simply holding on to be investigated. Luckily, there’s a technique to the frenzy. A considerable lot of the islands are uninhabited, which limits things down fundamentally. The best islands in The Bahamas to visit incorporate New Providence island, Paradise Island, The Exumas, The Abacos, Andros, Bimini, The Berry Islands, the Southern Bahamian Islands, Eleuthera, and Harbor Island. The population of The Bahamas is just shy of 400,000 individuals, and 70% of that number live on New Providence Island, home to the capital Nassau.
Most explorers fly into New Providence (Nassau), which makes it the most ‘occurring’ place in The Bahamas. Heaven Island is extraordinary for families with children and associated with New Providence by 2 extensions. Any remaining islands are known as the ‘Out Islands’, where you can discover a smidgen more harmony and calm. Exuma is known to be home to the absolute most wonderful white sand seashores and turquoise waters The Bahamas has on offer. The Bahamas is perhaps the most prosperous nations in the Americas, following the United States and Canada. The Bahamas economy depends on the travel industry and monetary administrations to produce a large portion of its financial activities.
The travel industry as an industry, not just records for more than 60% of the Bahamian GDP, yet gives occupations to the greater part of the nation’s labor force. The Bahamas pulled in 5.8 million guests in 2012, in excess of 70% of which were voyage guests.
Notwithstanding the travel industry, the monetary administration area represents some 15% of the GDP of the Bahamas. The public authority has embraced impetuses to empower unfamiliar monetary business, and further banking and account changes are in advancement.
The Bahamas is regularly viewed as a tax asylum and is home to numerous affluent individuals who might somehow be paying a lot of tax in their nation of origin. Some portion of the clarification is that the economy has a serious tax system. The public authority gets its income from numerous sorts of taxes, yet there is no income tax, corporate tax, capital increases tax, esteem added tax (VAT), or abundance tax.
Our team of Payment Services Provider License consultants for Bahamas provide free consultation for Payment Services Provider License in Bahamas to understand client`s requirements.
Conduct due diligence, KYC and suitability assessment before proceeding for Payment Services Provider License in Bahamas.
Filling application forms and other documentation for the application for obtaining Payment Services Provider License for Bahamas.
Filling application forms and other documentation for the application for obtaining Payment Services Provider License for Bahamas.
Once we apply for Payment Services Provider License in Bahamas will follow up with the authorities until conclusion.
Timeframe: within 6 months
Minimum paid up capital: $100 000 USD
PSPs in the Bahamas can engage in various activities, including: carrying out payment transactions, issuingand/or acquiring payment instruments, and transferring funds.
The Central Bank of The Bahamas (‘the Central Bank’) is responsible for the licensing under the Payment Systems Act, 2012 and the Payment Instruments (Oversight) Regulations 2017 of organizations offering payment services, as well as for the control and supervision of payment instruments, including electronic money products.
It is the duty of the Central Bank to promote and maintain high standards for the efficiency and management of payment services.Through the Research Departments, the Central Bank regulates the compliance of licensed entities with respect to the use of payment instruments, including electronic money products and related services provided by all licensed entities for this purpose.
When you incorporate into the Bahamas, you will benefit from the following:
When you hire us to obtain Payment Services Provider License of Bahamas, also known as, Payment Services Provider Licenseof Bahamas, Payment Services Provider License of Bahamas and Payment Services Provider License of Bahamas you can rely on us for our honest effort and support for getting your Payment Services Provider License of Bahamas to achieve your business objectives with our surety that “Your relationship is more important for us than money because we earn relationships, money automatically follows, as we all have to earn but you and our clients are very important, that is why we get so many repeat clients and referrals. We dominate the market for Payment Services Provider License services in Bahamas making us number 1 choice of companies looking for Payment Services Provider License Bahamas due to our efficiency and low cost licensing services for Bahamas`s Payment Services Provider License.
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Local office – Needed
Physical presence – needed (at least 3 local employees: Chief Executive Officer (CEO), Compliance Officer, Money Laundering Reporting Officer**)
* Before to submitting an application for the Central Bank’s formal approval, all applicants should contact the Payments Unit of the Research Department to discuss their applications.
** Outsourcing Agreements can provide the required additional people to run a proper business.
In order to secure a license, Offshorelicense can fill out all the necessary application forms and also acquire apostilled corporate documents..
Please provide us with the following documentation for this purpose.
N.B.
Note* Our Company is totally against Money Laundering, Drug Trade in Payment Services Provider License Bahamas, Terrorism and Human Trafficking in Bahamas Payment Services Provider License, hence, WE DO NOT SUPPORT SUCH CLIENTS.
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“Important Notice : Million Makers has taken reasonable care in researching and providing information for Payment Services Provider License in Bahamas, at the same time we do not accept any responsibility(s) for any financial or other loss or damage that may result from its information or services to acquire Bahamas Payment Services Provider License. Users of the site are advised to take appropriate professional advice before committing themselves to involvement with licensing services Payment Services Provider License Bahamas.
*Note : If you are looking forward for licensing services in a country, which is not listed on our website please Contact Us, we might be able to service and fulfil your requirements.
*Note : Our Company is totally against Money Laundering, Drug Trade, Terrorism and Human Trafficking, hence, WE DO NOT SUPPORT SUCH CLIENTS.
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To mention a few countries that we have our very strong foot print on:
Albania, Antigua, Abu Dhabi, Argentina, Armenia, Ajman, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Belarus, Belgium, Belize, Bolivia, Bosnia, Bosnia and Herzegovina, Brazil, Bulgaria, BVI, Canada, Cayman Islands, Chile, China, Costa Rica, Croatia, Cuba, Cyprus, Czech Republic, Denmark, Dubai, Dominica, Dominican Republic, Doha, Ecuador, Estonia, Fiji, Finland, France, Georgia, Germany, Greece, Grenada, Guatemala, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Ireland, Italy, Japan, Kazakhstan, Kuwait, Kyrgyzstan, Latvia, Liechtenstein, Lithuania, Luxembourg, Macedonia, Malaysia, Maldives, Malta, Marshall Islands, Mauritius, Mexico, Micronesia, Moldova, Monaco, Montenegro, Netherlands, New Zealand, Oman, Norway, Panama, Papua New Guinea, Paraguay, Philippines, Poland, Portugal, Puerto Rico, Qatar, Romania, Russia, Saint Kitts, St Kitts, St Lucia, Saint Lucia, San Marino, Saudi Arabia, Serbia, Seychelles, Singapore, Slovakia, Slovenia, South Africa, South Korea, Spain, Sri Lanka, Sweden, Switzerland, Taiwan, Tajikistan, Thailand, Turkey, Ukraine, UAE, United Arab Emirates, United States, United Kingdom, USA, UK, US, Uruguay, United States of America, Vanuatu, Venezuela, Vietnam, Afghanistan, Algeria, Andorra, Angola, Bangladesh, Barbados, Bhutan, Botswana, Brunei, Burundi, Cambodia, Cameroon, Chad, Congo, Egypt, El Salvador, Ethiopia, Gabon, Gambia, Ghana, Guyana, Iraq, Israel, Jamaica, Jordan, Kenya, Laos, Lebanon, Liberia, Libya, Madagascar, Mali, Morocco, Myanmar, Namibia, Nepal, Nicaragua, Niger, Nigeria, Oman, Pakistan, Palau, Peru, Saint Vincent and the Grenadines, Samoa, Sierra Leone, Somalia, Sudan, Syria, Tanzania, Tonga, Tunisia, Turkmenistan, Uganda, Uzbekistan, Cook Islands, Labuan, Alderney, Curacao, El Salvador, Gibraltar, Isle of Man and Bermuda. States Serviced for United States of America – USAWashington, Alaska, Oklahoma, Florida, Alabama, Arkansas, South Dakota, District of Columbia, Mississippi, Georgia, Minnesota, California, Tennessee, Montana, Kentucky, Iowa, New Mexico, Vermont, Hawaii, South Carolina, Illinois, Louisiana, Utah, Massachusetts, Indiana, New Hampshire, Kansas, Missouri, Texas, Virginia, Connecticut, Idaho, Nevada, Maryland, New York, Colorado, Ohio, West Virginia, New Jersey, Arizona, North Dakota, Wisconsin, Maine, Pennsylvania, Delaware, Oregon, Wyoming Michigan, North Carolina, Rhode Island and Nebraska
Al Ahmadi, Ahmadi, Al Ain, Al Fujayrah, Fujayrah, Ahmedabad, Albuquerque, Almaty, Amsterdam, Anchorage, Ankara, Annapolis, Antalya, Antwerp, Ar Rayyan, Astana, Asuncion, Athens, Atlanta, Auckland, Augusta, Austin, Bahrain, Baku, Bali, Bandung, Bangalore, Bengaluru, Bangkok, Banja Luka, Banqiao, Barcelona, Basel,Montgomery, Basseterre, Baton Rouge, Batumi, Beijing, Belgrade, Belize City, Bergen, Berlin, Bern, Billings, Birmingham, Bishkek, Boise City, Bombay, Boston, Brasilia, Bratislava, Bridgeport, Brisbane, Brno, Bucharest, Budapest, Buenos Aires, Burlington, Bursa, Busan, Calgary, Cape Town, Caracas, Castries, Celje, Calcutta, Chandigarh, Charleston, Charlotte, Chengdu, Chennai, Cheyenne, Chicago, Chisinau, Christchurch, Cleveland, Cologne, Colombo, Colorado Springs, Columbia, Columbus, Copenhagen, Cordoba, Daegu, Dallas, Daugavpils, Davao City, DC, Denver, Delhi, Des Moines, Detroit, Dnipro, Doha, Donetsk, Dubai, Dublin, Durban, Durres, Dushanbe, Ecatepec de Morelos, Edinburgh, Egkomi, Fargo, Florence, Frankfurt, Geneve, George Town, Goa, Goteborg, Grenada, Guangzhou, Guatemala City, Guayaquil, Hague, Hamburg, Hanoi, Havana, Helsingborg, Helsinki, Henderson, Ho Chi Minh City, Hong Kong, Honolulu, Houston, Hualien City, Hyderabad, Incheon, Indialantic, Indialantic, Indianapolis, Isfahan, Istanbul, Ixelles, Izmir, Iztapalapa, Jackson, Jakarta, Jeddah, Jersey City, Jerusalem, Johannesburg, Johor Bahru, Kaduwela, Kampung Baru Subang, Kansas City, Kansas City, Kaohsiung, Kaunas, Kesbewa, Kharkiv, Khujand, Klang, Knoxville, Kolkata, Kosice, Krakow, Kuala Lumpur, Kuwait City, Kyiv, Las Vegas, Leeds, Lincoln, Lisbon, Little Rock, Liverpool, Ljubljana, Lodz, London, Los Angeles, Louisville, Luxembourg, Lyon, Madison, Madrid, Maharagama, Majuro, Male, Malmoe, Manchester, Manila, Maracaibo, Maracay, Maribor, Mashhad, Mecca, Medan, Medina, Melbourne, Memphis, Mexico City, Miami, Milan, Milwaukee, Minneapolis, Minsk, Monte Carlo, Montevideo, Montreal, Moratuwa, Moscow, Mumbai, Musaffah, Nagoya, Naples, Nashville, Nassau, New Delhi, New Orleans, New York, Newark, Nicosia, Nizhniy Novgorod, Nonthaburi, Norfolk, Nottingham, Novi Sad, Novosibirsk, Oklahoma City, Olympia, Omaha, Omsk, Orlando, Osaka, Oslo, Overland Park, Panama City, Paris, Patna, Patra, Pattaya, Perth, Petaling Jaya, Philadelphia, Phoenix, Pittsburgh, Plovdiv, Podgorica, Port Louis, Port Moresby, Port Vila, Portland, Portland, Porto, Prague, Providence, Puente Alto, Quebec, Quezon City, Quito, Raleigh, Ras al Khaimah, al Khaimah, Reykjavik, Richmond, Riga, Rio de Janeiro, Riyadh, Riyadh, Road Town, Rochester, Rome, Rosario, Roseau, Rotterdam, Saint Petersburg, St Petersburg, Salem, Salt Lake City, Salto, Salvador, Samara, San Antonio, San Francisco, San Jose, San Juan, Santa Cruz de la Sierra, Santa Fe, Santa Venera, Santiago, Santo Domingo, Santo Domingo Oeste, Sao Paulo, Schaan, Seattle, Seoul, Serravalle, SevillaIbiza, Shanghai, Sharjah, Shenzhen, Singapore, Sioux Falls, Skopje, Sofia, Spanish Town, St Louis, St Paul, Stockholm, Surabaya, Suva, Sydney, Syracuse, Taichung, Tainan, Taipei City, Tallinn, Tampa, Taoyuan City, Tartu, Tbilisi, Tehran, Tel Aviv, Thailand, Thessaloniki, Tirana, Tiraspol, Tokyo, Toronto, Trondheim, Turin, Vaduz, Valencia, Valencia, Valletta, Vancouver, Victoria, Vienna, Vilnius, Virginia Beach, Warsaw, Weno, West Valley City, Wichita, Wilmington, Winnipeg, Wroclaw, Wuhan, Yekaterinburg, Yerevan, Yokohama, Yonkers, Zagreb, Zaragoza, Zurich,Kabul, Algiers, Andorra la Vella, Luanda, Dhaka, Bridgetown, Holetown, Thimphu, Gaborone, Bandar Seri Begawan, Bujumbura, Phnom Penh, Yaounde, N'Djamena, Kinshasa, Cairo, Alexandria, San Salvador, Addis Ababa, Libreville, Banjul, Accra, Kumasi, Georgetown, Baghdad, Mosul, Jerusalem, Haifa, Kingston, Amman, Nairobi, Mombasa, Vientiane, Beirut, Monrovia, Tripoli, Antananarivo, Bamako, Rabat, Yangon, Mandalay, Windhoek, Kathmandu, Managua, León, Niamey, Zinder, Lagos, Muscat, Karachi, Lahore, Koror, Lima, Arequipa, Kingstown, Apia, Freetown, Bo, Mogadishu, Omdurman, Damascus, Aleppo, Dar es Salaam, Mwanza, Nukuʻalofa, Tunis, Ashgabat, Kampalaa and Tashkent.
European Commission | World Trade Organization | International monetary fund | World Bank | International Labour Organization | Information Technology Association of Canada | Nasscom | Immigration Advisers Authority | Immigration Consultants of Canada Regulatory Council | American Immigration Lawyers Association | UNICEF | WHO | UNHRC | UNREFUGEES | Refugees International | UK Govt. | USA Govt. | Indonesia Govt. | Singapore Govt. | Australian Govt. | Indian Govt. | Chinese Govt. | France Govt. | Canada Govt. | Russian Govt. | Italy Govt. | ITIC | US Department of State | Whitehouse | Brazil Govt. | Mexico Govt. | Malaysia Govt. | South Africa Govt. | Germany Govt.
Our working is incredibly different, we always follow step by step approach for our clients because we very well understand that every Individual, Family and Company has completely different goals, requirements, situations and expectations.
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