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Bahamas

Bahamas

The Bahamas archipelago is an ecological oasis sprinkled over 100,000 square miles of the most beautiful ocean in the world, starting just 50 miles off the coast of Florida. It comprises 700 islands, cays and islets, and boasts the clearest water on the planet. Nassau, the capital city of the Bahamas, lies on the island of New Providence. The Bahamas is a sovereign, democratic and politically stable state modelled on the British system, with a population of approximately 400,000. The climate of the Bahamas is something that you can quickly get used to, a climate where you can have fun anytime of the day, any season. The Bahamas is one of the richest countries in the Americas with an economy based on tourism and offshore finance. Its official currency is the Bahamian Dollar, pegged to the US Dollar. It is the most successful international financial centre in the Caribbean region. The Bahamas is a member of the United Nations, the British Commonwealth, the Caribbean Community (CARICOM) and the Organisation of American States (OAS).

PROGRAMME HIGHLIGHTS

  • Application process will take between 4 to 6 months
  • No wealth, inheritance, gift, income or corporate tax
  • An investment friendly climate with a good choice of financial institutions
  • Political and economic stability
  • Presence of internationally reputed private banks
  • Convenient location with half an hour’s flying time from Miami and with direct flights to London, Toronto, New York and other major cities
  • Life in the Bahamas is particularly pleasant, with its laid-back, sunny living environment and friendly inhabitants
The Bahamas’ Ministry of Financial Services has developed a tax residency programme to serve as a gateway to more permanent residence for High Net Worth Individuals (HNWI). This programme grants successful applicants the right to reside in the Bahamas for a period of up to 3 years and gives them a certificate of tax residence. To maintain access to these benefits, however, investors must make the Bahamas their home (or main) residence, living in the country for at least 90 days and declaring they will spend less than 183 days in any other single country. As an applicant for residency, you must be at least 18 years of age, of good character, without a criminal record, and able and willing to make the required contribution. All fees quoted are in US Dollars.

A real estate investment is an excellent consideration and legal avenue to achieving the residency status. Accelerated consideration for annual or permanent residency is given to major investors and owners of upscale Bahamian property. Spouse and children of the investor may be included in the application at no additional amount. The permanent residence permit grants the applicant and its dependents the right to live and work in Bahamas indefinitely.

Contribution AmountUSD 500,000 for the main applicant; or
USD 1,500,000 for a “fast track” application process
Government FeesUSD 10,000 for the main applicant;
USD 5000 for the spouse;
USD 5000 for each dependant aged 16 years or older
Processing FeesUSD 100 for the main applicant;
USD 100 for the spouse;
USD 100 for each dependant under 18 years;
USD 100 for each dependant between 18 and 25 years;
NIL for each dependant aged 65 years or older