The Bahamas is a member of the United Nations. Although an independent country since 1973, the country is still a member of the British Commonwealth.

The Bahamas boasts a year round warm climate, with stunning beaches to relax on. Or for the the more active, you can't beat the Bahamas for its: windsurfing; sailing; diving; fishing; boating; cycling and hiking.

To make things even better, Bahamian property is thriving, as thousands of Americans, Europeans, and Asians are discovering that this sub-tropical heaven is the best place to buy their second home, investment property, or both.

The Bahamian government is giving high priority to making The Bahamas a quality tourist destination, as well as the premier Eco-sensitive island in the Caribbean.

The Bahamian Government has put forth their efforts to promote development in the islands. Special legislation now permits the importation of construction materials into the Exumas duty-free. This has attracted duty as high as 40%. Investors are encouraged to act quickly; this window of opportunity is scheduled to close on July 1, 2006.

Year round warm climate with stunning white beaches and crystal blue waters.

Great place to invest, with absolutely no income tax, no inheritance tax and no capital gains tax. Also, property prices are seeing high yearly gains and coupled with the US dollar rate being so advantageous, this is a great time to buy.

It never been easier for Non Bahamian's to own a home in the Bahamas. Simply register your property acquisition with the Bahamas Investments Board. There is no longer a need to obtain a government permit prior to purchase.

After gaining independence from Great Britain in 1973, The Bahamas has a long tradition of democracy and stable government making it the perfect environment for future growth.

The Bahamas possesses an outstanding infrastructure for commercial and industrial activity

The professional community of accountants, international bankers, trustees, and investment specialists is large, diverse and highly skilled

The vast majority of successful foreign investments have remained in the areas of tourism and banking.

Rest and Relaxation - When it's time to have fund and relax, the Bahamas can't be beat. The natural beauty and climate lends itself to a whole range of activities including: golf; tennis; windsurfing; sailing; diving and many more.....

One of the most attractive elements about investing in The Bahamas is the tax free status accorded income. There are no taxes levied on capital gains, corporate earnings, personal income, sales, inheritance, or dividends. This tax freedom is available to all resident corporations, partnerships, individuals and trusts.

Frequently Asked Questions

What are the purchasing costs?

The two costs that you need to be aware of is Stamp tax, which is as follows:

Up to and including $20,000: 2%
From $20,000.01 to $50,000: 4%
From $50,000.01 to $100,000: 6%
From $100,000.01 to $250,000: 8%
$250,000.01 and over: 10%

Legal Fees are the other cost and are not fixed, but general are around 2 1/2 percent.

Registration fees are nominal.

Do I need a solicitor?

We always recommend that you use a solicitor for foreign purchases.

Is inheritance tax or capital gains tax payable?

Due to the islands tax free status, neither inheritance or capital gains tax is payable.

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