Bahamas real estate...Beachfront property...Foreign investment...
ROYALL BEACH ESTATES
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The Islands of the Bahamas
The Bahamas is a coral archipelago of 700 islands starting 60 miles off the coast of Florida and stretching as far south as the Dominican Republic. It has a population of some 290,000, most of whom live in the major islands of Grand Bahama and New Providence where Nassau the capital is located. The Bahamas is English speaking and has been a sovereign nation since July 1973. It is politically stable with a strong economy, a well-regulated financial services industry, and boasts a comprehensive and modern infrastructure. It's economy is driven by tourism, international banking, and other financial services. The Bahamas is a tax haven- all common types of taxation, income, value added, capital gains, inheritance, and corporate, do not exist.
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Home Ownership in the Bahamas
With the INTERNATIONAL PERSONS LANDHOLDING ACT OF 1993, the Bahamian government created a tax haven for persons investing in a home in the Bahamas. With this act, the government encourages non-Bahamians to purchase second homes here. The owner of a residence is eligible for a homeowner's residence card which allows unlimited and easy immigration into the country. Investing in a home costing more than $500,000 will allow the investor to be considered for permanent residency status. This aspect of the national investment policy enables citizens of certain countries to become tax exiles by taking up residency in the Bahamas, whilst retaining their original citizenship.
