In The Bahamas, overseas persons investing in a residence valued at $750,000 and over, may apply to the Department of Immigration for Permanent Residency status. Holding a Permanent Residency certificate can lead to significant tax advantages in your home country. Accelerated Consideration for a Permanent Residence certificate is offered to purchasers of residence (homes or condos.) of $1,500,000 or more.
Additionally, an Annual Homeowners Residence Card is 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.
The main benefit of acquiring Bahamian permanent residency through investment is to make the transition of moving to The Bahamas quick and simple, with no disruptions to your professional or personal life. Other benefits of holding a Bahamas Investor Residence Visa include:
- Right to reside in the Bahamas without further renewal of permits.
- Right to enjoy all privileges enjoyed by citizens of Bahamas except for the right to vote.
- Right to purchase property in Bahamas
- Liberal tax regime.
- Easy travel to Commonwealth nations, members of the Caribbean Community and the members of the Organization of American States
- Eligible to apply for Citizenship of Bahamas after fulfilling residence requirements.
Get more on the benefits of investing in The Bahamas.
About Sotheby’s International Realty
The Sotheby’s International Realty network currently has approximately 22,000 affiliated independent sales associates located in over 950 offices in 69 countries and territories worldwide. Each office is independently owned and operated.
About Damianos Sotheby’s International Realty
Damianos Sotheby’s International Realty has 11 offices located throughout the islands of the Bahamas, providing unsurpassed market knowledge of Abaco, Eleuthera, Exuma, Nassau, Paradise Island, Ocean Club Estates, Lyford Cay, Old Fort Bay and Private Islands. Head office 75 Shirley Street, Nassau. For additional information, please contact 242-322-2035 or info.Bahamas@SIR.com.