Why Invest?

Bahamas has skilled, literate work force, skilled, a stable parliamentary democracy, a legal system based on English common law, an ideal location less than 90 miles from the North American mainland and with economic, political and social conditions that provide a fertile business environment, The Bahamas is also a paradise for investment.

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Market Report

International Property Brokers forecast that the capital appreciation would vary from 15 to 30 per cent. Bahamas will continue to experience strong growth, low inflation and a relatively small fiscal and public debt.

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Economic Overview

Costa Rica's lively economy is the result of sound economic policies, strong exterior demand, and favorable circumstances in international capital markets. Costa Rica's economy, Central America's second-largest, is likely to expand by 3.0 percent this year, which is more than last year's growth of 2.7 percent.

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Visa/Residency Issues

British nationals visiting The Bahamas do not require visas for visits of up to 3 months. If you wish to extend your stay you must apply to the Department of Immigration in Nassau. Penalties for overstaying include fines and detention pending deportation. If travelling via the USA you should have at least 6 months validity remaining on your passport.

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Getting to Bahamas

The Bahamas has six international airports, but the bulk of flights land at the two major hubs: Nassau International Airport and Freeport International Airport which are served by various international airlines, including Delta Airlines, Carnival Airlines, AOM, British Airways, Air Jamaica, and American Eagle, US Air, and Air Canada, allowing direct flights to and from key destinations in Europe, North and South America and the Caribbean, with connections around the globe.

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Fees & Taxes

In the Bahamas there is no income tax, capital gains tax, purchase or sales tax, VAT or capital transfer tax. Employees pay national insurance contributions, and there is stamp duty on property and mortgage transactions, and a tax on real property; customs duties are quite high on most imported goods.

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Bahamas

        
Basic Information

Bahamas Overview

The Commonwealth of the Bahamas came into being in 1973 after centuries of colonial rule. The Bahamas gets its name from the Spanish, baja mar, meaning 'shallow sea'. The turquoise waters that lap this land are as calm and warm as its people. A coral-based archipelago, it is composed of more than 700 islands, 2,000 cays, and hundreds of rocky outcroppings that have damaged the hulls of countless ships since colonial days.

Average Property Prices

• Two-bedroom condo would be available at $655,000,
• Two-three bedrooms home would averagely range around $947,000,
• Land purchase of about 0.5 acre would cost averagely $380,000.

Buying Process

There are no restrictions on Foreigners buying property. The only exception is a permit from the Government before the transaction, if the property is an undeveloped land and is greater than five acres. If otherwise, the property must only be registered with the Investment Board and the Central Bank after the transaction.

• The application should be submitted together with a copy of the proof of ownership, and evidence of payment of Stamp Duty and Real Property Tax.
• Buyer and seller share the stamp tax and are responsible for their individual attorney's fees.
• After the title has been shown and the balance of the purchase is paid, the property is transferred under the ownership of the new owner.

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