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Relocation

Damianos Realty

Top 10 Reasons for Moving to The Bahamas

The Benefits of Moving to Nassau, Bahamas. There are a lot of reasons for moving to Nassau, Bahamas, but perhaps the biggest benefit is the country’s tax neutrality.

  1. Close to key North, Central and South American financial centres.
  2. The world’s largest economy is only 50 miles away.
  3. The Bahamas share time zone (EST) with Miami, New York and Toronto.
  4. Peaceful and stable democracy for almost 300 years.
  5. Independent nation since 1973.
  6. Life is less taxing for those who choose to live here. No personal of corporate income taxes and no taxes on capital gains, no inheritance tax, dividends or interest.
  7. Numerous Acts of Parliament offer ease of purchasing property with investment incentives and Permanent Residency.
  8. English-speaking, trained workforce.
  9. The ease of getting here with frequent daily U.S. Canada, London and several direct International flights.
  10. An ideal climate and lifestyle with modern infrastructure and world-class communications.

Get more information on the costs involved when purchasing real estate 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, ExumaNassau, 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.

Damianos Sotheby's International Realty

A Guide to Living in The Bahamas

A Guide to Living in The Bahamas. Known officially as the Commonwealth of The Bahamas, The Bahamas is an archipelagic state consisting of more than 700 islands, cays, and islets in the Atlantic Ocean. Below is a brief overview of our beautiful country.

DEMOGRAPHICS

The Bahamas is a chain of 700 islands and cays, approximately 30 of which are inhabited. The population is estimated to be slightly more than 300,000 people, most of whom reside on New Providence, Grand Bahama, Abaco and Eleuthera Islands Islands. The Bahamian archipelago begins about 50 miles off the coast of Florida and stretches for 550 miles to the Southeast. The Bahamas is an independent, English-speaking country with an adult literacy rate among the best in the world (95%).

INFRASTRUCTURE

The Bahamas has comprehensive and modern infrastructure, with electricity and water in abundant supply. Telecommunications services and facilities in the Bahamas are state-of-the-art, with direct international links provided through a 100% digital switching system.

THE BAHAMAS MAIN ISLANDS

New Providence (pop. 241,200); Grand Bahama (pop. 61,300); Abaco (pop. 17,224); Eleuthera (pop. 11,165); Exuma (pop. 7,314); Andros (pop. 8,000).

CURRENCY OF THE BAHAMAS

The official currency of the Bahamas is the Bahamian dollar. The Bahamian dollar is equal in value to the U.S. dollar, and the two are used inter-changeably throughout the islands.

THE BAHAMAS GOVERNMENT

The Bahamas has an extremely stable and pro-business Government, with the longest running uninterrupted democracy in the Western Hemisphere (over 280 years). On July 10, 1973, The Bahamas gained its independence from Great Britain and remains a fully democratic nation, governed by its own Parliament and Constitution. The Constitution of the Bahamas proclaims the islands as a sovereign democratic state, sets forth requirements for citizenship and guarantees fundamental human rights. The Bahamas retains its ties with the Commonwealth of Nations (formerly the British Commonwealth) and also retains the British monarch as its figurative head of state.

For more information about The Bahamas, visit The Commonwealth

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, ExumaNassau, 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.

Damianos Sotheby's International Realty, Sotheby's International Realty

Damianos Sotheby’s International Realty Exclusively Lists Whale Cay, the Private Island Made Famous by Oil Heiress Marion ‘Joe’ Carstairs

An Island Fit for a Queen. In the biography The Queen of Whale Cay, author Kate Summerscale writes that Standard Oil heiress Marion “Joe” Carstairs left London at the age of 34 to become the self-appointed ruler of Whale Cay. The private island located in the Berry Islands is being introduced to the market by George Damianos, President of Damianos Sotheby’s International Realty.

 

NASSAU, The Bahamas (Jan. 12, 2018) — In the biography The Queen of Whale Cay, author Kate Summerscale writes that Standard Oil heiress Marion “Joe” Carstairs left London at the age of 34 to become the self-appointed ruler of Whale Cay, an historic private island located in the Berry Islands in The Bahamas. For nearly 40 years thereafter, Carstairs happily spent her days smoking cigars, racing motor boats and entertaining the likes of The Duke and Duchess of Windsor, and legendary actress Marlene Dietrich.

Although Carstairs sold the island and moved to Miami, Fla., in 1975, her legacy lingers as do the homes and infrastructure she built during her “reign.” Today, the island’s nearly 12 miles of coastline continues to attract worldwide attention for its celebrated fly-fishing, big game fishing, snorkeling and scuba diving, but also the sanctuary it continues to offer.

“The Bahamas has long been known as the top private island retreat in the world,” said George Damianos, President of Damianos Sotheby’s International Realty, which has the exclusive listing for the property. “But it’s not simply the crystal-clear water and year-round sun that is attractive to investors, it’s the fact that private islands in The Bahamas offer seclusion and security combined with the ability to stay closely connected to the world. Miami is only a 30-minute flight away.”

Situated between the Bahama Banks and Tongue of the Ocean, Whale Cay’s total acreage is estimated to be 711 acres and includes a 4,000-feet paved airstrip which can accommodate charter flights and small private jets​. Additionally, on the northern side of the cay, there’s a two-and-a-half-mile long natural waterway that, if dredged, could provide excellent anchorage and marina for boats.

“Whale Cay is one of the largest, contiguous, fee simple islands in the Caribbean,” Damianos said. “And with no Crown Land, the island is uniquely unconstrained for development.”

For more information about this exclusive listing, please contact George Damianos at (242) 424-9699 or (242) 362-4211 or via email at George.Damianos@SIR.com.

Damianos Sotheby’s International Realty has been an industry leader since 1945 specializing in the listing, marketing and sale of luxury and waterfront properties. With 11 offices throughout The Bahamas, Damianos Sotheby’s International Realty boasts the most experienced and successful team of real estate professionals, consistently ranking among the top producers in The Bahamas real estate industry

 

About Sotheby’s International Realty

The Sotheby’s International Realty network currently has approximately 21,000 affiliated independent sales associates located in over 930 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.

 

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