Over the last 80 years, The Bahamas’ financial services sector has developed into a sophisticated industry offering a breadth and depth of services unrivaled in the region. Here are some of the key elements that make The Bahamas a truly competitive international financial services hub:

• There are around 250 banks and trust companies licensed in The Bahamas, of which 125 are subsidiaries of institutions originating from 28 countries, including Switzerland, Canada and the United States

• These institutions have combined balance sheet assets of more than $300 billion and $1 trillion in assets under administration, according to The Central Bank of The Bahamas

• There are approximately 4,900 people employed in the banking and trust sector

• More than 800 lawyers belong to the Bahamas Bar Association

• More than 400 chartered accountants belong to the Bahamas Institute of Chartered Accountants

• The Bahamas maintains an A3 rating and positive outlook from Moody’s Investors Service