Bahamas Accounting

The Bahamas archipelago has successfully established a reputation not only as a premiere tourism destination but a highly developed international business center. Aside from an investor-friendly business atmosphere and tax-free incentives, Bahamas has a thriving community of professionals in the field of business and financial services, with over 6,000 professionals in these fields stirring the Bahamas economy.

Bahamas is very popular as a haven for offshore accounting services, especially the islands of Nassau and Freeport. In fact, six of the biggest accounting firms in the world have corporate presence in the Bahamas: Ernst & Young, Price Waterhouse, Deloitte and Touche, Coopers and Lybrans, Pannel Kerr Forster and KPMG Peat Marwick. All of them are located in the capital city of Nassau, whose close proximity to the United States makes it a top business and leisure spot among American businessmen.

A number of local accounting offices have also established good reputation as offshore banking consultants. Both global and local accounting companies offer a whole range of topnotch accounting services like general accounting and auditing, receivership, business consultancy and advisory to clients anywhere in the world.

The Bahamas ensures the professionalism and global standards of Bahamas accountants and accounting firms through the Bahamas Institute of Chartered Accountants (BICA). This is the licensing body governing the certifications and qualifications of certified public accountants (CPA), registered public accountants (RPA) and accounting companies doing business in the islands. Some 300 chartered accountants operate in the Bahamas.