All real estate transactions in the Bahamas are subject to a Government Stamp Tax. This is essentially a transfer tax levied on all property sales. The buyer is responsible for paying one half of this Tax and the seller is responsible for paying the other half.
Stamp Tax on transactions valued at:
*Buyer only responsible for one half unless otherwise stated.
The Annual Real Property is based upon the most recent selling price of the property. On residential owner-occupied properties the graduated rate of taxation is as follows:
Both buyer and seller need legal representation by a Bahamian attorney.
Overseas persons investing in a residence valued at $500,000 and over, may apply to the Department of Immigration for Permanent Residency status. Holding a Permanent Residence certificate can lead to significant tax advantages in your home country. Accelerated Consideration for a Permanent Residence certificate is offered to Purchasers of residences (homes or condos.) of $1,500,000. or more.
Available to any homeowner in the Bahamas. Obtained from the Director of Immigration, it allows the permit holder, and family, to enter and remain in The Bahamas for the period of the permit.
Easily handled by a shipping or airfreight company which makes moving and decorating quite easy. A detailed inventory of items with appoximate value is needed and we suggest using local customs prior to clearing your items.
Local banks offer Bah$ and US$ Mortgages to finance the purchase of a home or property in the Bahamas.
BUILDING LONG LASTING RELATIONSHIPS WITH SELLERS & BUYERS SINCE 1945.