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Bahamas

Immigrant Investor Program

Under the Immigration Act of The Bahamas, a foreign investor may be eligible for a permanent residence permit on the basis of a residential property purchase of at least B$ 500,000 ($500,000). Spouse and children of the investor may be included in the application at no additional amount.

The permanent residence permit grants the investor and its dependents, the right to live and work in Bahamas indefinitely.

Applicants must show a proof of assets and sufficient means to support themselves and their families without the need to work in Bahamas.

After 10 years of permanent residency, 7 if married with a Bahamian citizen, you will be eligible to become a citizen, provided that permanent resident has resided in The Bahamas for a minimum of 6 years.

Requirements


Investors must have a high net worth and sufficient means to support themselves and his or her direct dependents without the necessity of working in the country.

Restricted Nationalities


No nationality is officially restricted

dual citizenship


Dual citizenship is not recognized in Bahamas. To become a citizen of Bahamas, you must renounce your previous nationality.


Documents Required


  • Certified copy of passport
  • Original Police Clearance Certificate
  • Two Personal References
  • Original or Certified copy of Marriage Certificate (if applicable)
  • Original or Certified copy of Birth Certificate (if applicable)
  • Proof of net wealth
  • Medical Certificate
  • dual citizenship No
  • Family members included Yes
  • land ownership Yes
  • Physical residence required No
  • Personal visit required No
  • Language skills required No
  • Interview required No
  • Investment Single B$500,000
  • Investment Family 4 B$500,000
  • Minimum annual income -
  • Time to citizenship 120
  • Time to permanent residency
  • Visa-free countries 141
  • Financing available No

Fees

government fees main applicant B$10,000
processing fees main applicant B$100
total fees main applicant B$10,100
processing fees spouse B$100
total fees spouse B$100
processing fees dependents -18 B$100
total fees dependent -18 B$100
processing fees dependents 18-25 B$100
total fees dependent 18-25 B$100
processing fees dependents +65 -
total fees dependent +65 -

Country details

Bahamas
BSD
1242
Nassau
North America
English
301790
The Commonwealth of the Bahamas consists of more than seven hundred islands (of which 24 are inhabited and more than 700 uninhabited), cays and islets in the Atlantic Ocean, is located to the north of Cuba and Dominican Republic, northwest of Turks and Caicos Islands, to the southeast of the state Florida and east of the Florida Keys. Geographically the Bahamas form, along with the Turks and Caicos Islands, the Lucayan Archipelago, also denominated by extension Bahamas.

It has a population of almost 400,000 inhabitants. Its capital and most populated city is Nassau, located on the island of New Providence. Its official language is English, although the Bahamian Creole is widely spoken. Its official currency is the Bahamian Dollar, pegged to the US Dollar at an exchange rate of 1:1.

Visa Free Travel

With your new passport from Bahamas you'll be able to access 141 countries visa free
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Taxes

The Bahamas is a true tax haven. There are no direct taxes such as personal income tax, corporate income tax or net worth tax.
The Bahamas levy a real property tax up to 2% for land and building owners, although several exemptions may apply.

There is also a stamp duty on the transfer of certain assets and financial instruments.

In addition, in the Bahamas is possible to incorporate an International Business Company, where besides be tax exempt, benefits from privacy, confidentiality and low accounting requirements. To learn more about the Bahamas corporation legal framework and taxation, visit incorporations.io/bahamas

This should not be construed as tax advice. Flag Theory | Passports.IO has access to a global network of qualified attorneys and accountants who can give you the proper advice for your particular circumstances. Contact us for further information.

  • Property tax Yes
  • Transfer tax Yes
  • Inheritance tax No
  • Net worth tax No
  • CFC law No
  • Tax residency days -
  • Personal income tax rate 0%
  • Capital Gains tax rate 0%
  • Investment income tax rate 0%
  • Territorial taxation Yes

Procedures

Flag Theory | Passports.IO and our qualified attorney in the Bahamas, will handle all paperwork, and guide you through each step of the process to ensure that it is as fast, efficient and pain free as possible.

First, our lawyers will conduct a due diligence check on you to ensure that you are eligible and meet the criteria to apply for the program and your application will be approved.

If you have not purchased a residential property yet, we may offer you different options and get in touch with several developers.
Once you purchased the property you will receive a homeowner card. This card will allow you to travel to the Bahamas visa-free, and remain in the country during the duration of the card. After this, you will be eligible to apply for the permanent residency.

We will send you the application forms and provide assistance to complete the questionnaires, translate and authenticate documents. You must do a medical examination (we may recommend clinics in your jurisdiction) and provide us the medical assessment. After that, you will be ready to undergo fingerprints procedures.

We will handle all paperwork with the Bahamas government, which will conduct a due diligence check. Once your application is approved, you will receive permanent residency certificate. The whole process may take within 4-6 months.

For further information on the Bahamas immigrant investor program and detailed procedures, contact us for a free private consultation.

Any time there is a change or new citizenship or residency by investment program, we'll send you an update via email. Your email will not be shared.