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Residency

Your Exclusive Bahamian Sanctuary

The Bahamas is calling, embrace an idyllic oceanside lifestyle in the Bahamas. Our tropical archipelago offers the perfect haven for those seeking refined living and tax-friendly residency options. Bahama Beach Realty’s experienced experts provide personalized guidance throughout the process.

Access the exclusive benefits of making this stunning island chain your permanent home. From exciting mega yacht – ready communities to the peaceful seclusion of private beachfront estates, the Bahamas offers a rich variety of lifestyles tailored to your highest aspirations. Explore the many advantages and treat yourself to this luxurious sanctuary.

Residency Requirements for Foreigners

1. Introduction:The Bahamas offers several pathways for foreigners to obtain residency, with real estate investment being a popular option. This document outlines the requirements and process for obtaining residency through property purchase.

2. Permanent Residency through Real Estate Investment:

2.1. Investment Thresholds:
  • $750,000 or more: Accelerated consideration for permanent residency
  • $1.5 million or more: Faster processing (typically within 21 days)
2.2. Requirements
  • Minimum age: 18 years
  • Clean criminal record
  • Good health (medical certificate required)
  • Proof of financial stability
  • Character references
  • Proof of ownership of qualifying property
2.3. Application Process:
(a) Submit application to the Department of Immigration
(b) Provide required documents
  • Completed application form
  • Passport copies
  • Birth certificate
  • Police certificate from country of residence
  • Medical certificate
  • Financial reference letters
  • Character references
  • Proof of property ownership
  • Investment confirmation ( c) Pay application fee (d) Attend an interview (if required)
2.4. Processing Time
  • Accelerated ($750k+): 3 - 4 months
  • Fast track ($1.5m+): Typically within 21 days

3. Property Considerations

3.1. Eligible Properties
  • Residential homes
  • Condominiums
  • Vacant land (with intention to build)
3.2. Location
  • Properties can be anywhere in the Bahamas
  • Some areas may have additional regulations or restrictions
3.3. Purchase Process
  • Engage a local real estate agent and attorney
  • Conduct due diligence
  • Obtain government approvals (if necessary)
  • Complete the transaction

4. Additional Information:

4.1. Taxes
  • No income tax, capital gains tax, or inheritance tax
  • Property tax varies based on property value
4.2. Rights of Residents
  • Live and work in the Bahamas
  • Access to public healthcare and education systems
4.3. Family Members:
  • Spouse and dependent children under 18 can be included in the application
  • Adult children may need separate applications

5. Important Notes

  • Requirements and processes may change; always verify current information with the Bahamas Department of Immigration
  • Legal advice is recommended before making any investment or residency decisions
  • Residency does not equate to citizenship; separate requirements exist for naturalization

6. Conclusion

Obtaining residency in the Bahamas through real estate investment can be an attractive option for many foreigners. The process requires careful planning, adherence to legal requirements, and a significant financial investment. Prospective residents should conduct thorough research and seek professional advice to ensure a smooth application process.

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