Real Estate in the Bahamas
Real Estate is making a Comeback in the Bahamas
Today, the Bahamas, is perfectly located–less than 100 miles of the coast of Florida, a few hours by ship or twenty minutes by plane. Only a few hours by ship or twenty minutes by plane, the Bahamas serves as the perfect location to build your second home, and under new legislation it is easy for foreigners to become permanent Bahamian residents.
Buy a Second Home in Paradise
If you want to buy a permanent home, getting permanent residence (without the right to work) is easy:
In order to speed up the entrance of foreign funds into the country, international applications for annual or permanent residence by major investors who purchase residences valued over $500,000 have practically automatic approval.
How to obtain an annual residence permit: If you would like to reside in the The Bahamas on an annual basis you can do so if your spouse or dependent is a citizen of the Bahamas or if he/she is a permit holder, if you are a independent economic resident, or if you are a resident home owner, or seasonal resident home owner. You will also be asked to present the necessary documents required.
Getting permanent residence: If you want to live here permanently you must be of “good character” (you can take it that this means they have no criminal record) and you should be prepared to show evidence of financial support. Accelerated consideration of applications for annual or permanent residence will be given to major international investors and fit and proper owners of residence valued at $500,000 or more.