Bahamas
Golden Visa Program
The Residency Certificate for Persons of Independent Means is valid for 25 years and renewable thereafter, and entitles the holder (and any qualifying dependents) to reside in the Bahamas without the right to work.
Capital City
Nassau
Visa free countries
156


Languages
English
Currency
Bahamian Dollar
Population
407.906
Time Zone
UTC -5:00
Investment options
Real Estate or business $750.000


No Minimum Stay Requirements.
No physical presence to
keep residency permit
Short processing time.
3 months to obtain
residence permit
Attractive tax regime.
No personal income tax,
capital gains tax, inheritance
or gift tax, wealth or
dividends tax.
340 days
of sunshine
per year
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Application Process


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Bahamas Golden Visa
Application Process
Key Benefits
- Following 10 years of residency in the country
- Entire family are eligible Spouse and dependant children
- 3 months to obtain residence permit
- No Personal Income Tax, Capital Gains Tax, Inheritance or Gift Tax, Wealth or Dividends Tax.
- No physical presence to keep residency permit and 3 months per year to obtain citizenship
- Visa-free travel to Schengen Zone , US, and Canada
Top Requirements
- Letter of request addressed to the Director of Immigration
- Application form
- Medical certificate
- Police certificate
- Copy of Vital Records
- Character references
- Naturalization Records
- Proof of Immigration Status
- Related to real estate: A copy of the land acquisition/purchase site plan (please include size). The number assigned to a piece of real estate for tax purposes. Proof of Real Estate Tax Payment (must be current). A complete copy of related conveyance with evidence of payment of the required sum.
- Related to business: Character reference, Environmental Impact Assessment, Proof of financial capability, Business plan
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FAQ's
Typically applications are processed in 3-6 months.
Yes. Your Spouse and dependent Children up to the age of 18
No
Permanent Residency Visas are renewable every 10 years, which you must show you still maintain your investment at time of renewal.
- Stamp duty – 10% (above $100,000 shared between buyer and seller)
- Annual Property Tax– 1% (above $500k upto $5m) and 0.6% (between $250k to $500k)
- VAT – 12% on real estate services (First-time Bahamian buyers may be exempted from VAT on a dwelling house or vacant land purchased for a dwelling house, up to the value of $500,000 )
An international investor seeking to do business in The Bahamas should submit to the Bahamas Investment Authority a Project Proposal, along with supporting documents.
The National Economic Council, headed by The Prime Minister, is responsible for the executive management of the National Investment Policy and is the decision making body in respect of all commercial projects undertaken by foreign direct investors.
verseas Investors may acquire residential properties in The Bahamas of up to two acres without prior Government approval. Such acquisitions are required to be registered in accordance with the International Persons Landholding Act. Second Home Owners are eligible for a Home Owners Residence Card, renewable annually. Please N.B. This card will:
- Facilitate entry into The Bahamas and entitle the owner, his spouse and minor children to enter and remain in The Bahamas for the duration of the validity of the card.
- Application may be made to the Director of Immigration.
Accelerated consideration of application for Permanent Residence will be given to:
- Major International Investors; and
- Fit and proper owners of residence valued at $750,000.00 or more.
- A politically stable environment conducive to private investment
- An atmosphere where investments are safe and the expropriation of investments capital is not a considered option;
- A legal environment based on a long tradition of Parliamentary Democracy, the rule of constitutional and statue laws and where security of life and personal property is guaranteed;
- A stable macroeconomic environment bolstered by a prudent fiscal policy, a stable exchange rate, flexible exchange control rules and free trade;
- An environment in which freedom from Capital Gains, Inheritance, Withholding, Profit Remittance, Corporate, Royalties, Sales,l Personal Income, Dividends, Payroll and Interest Taxes are ensured;
- Essential public service, an adequately equipped police constabulary, modern health and education facilities and other social services;
- Dependable Public Utilities; and
- Essential Public Infrastructure such as roads, ports and airports.
- Wholesale and Retail Operations;
- Commission Agencies engaged in the import / export trade;
- Real Estate and Domestic Property Management Agencies;
- Domestic newspapers and magazine publications;
- Domestic advertising and public relations firms;
- Security Services;
- Domestic distribution of building supplies;
- Construction companies, except for special structures for which international expertise is required;
- Personal cosmetic / beauty establishment;
- Shallow-water scale – fish, crustacea; mollusks and sponge-fishing operations;
- Auto and Appliance service operations;
- Public Transportation inclusive of locally solicited charter boat tours;
- Landscaping;
- A politically stable environment conducive to private investment
- An atmosphere where investments are safe and the expropriation of investments capital is not a considered option;
- A legal environment based on a long tradition of Parliamentary Democracy, the rule of constitutional and statue laws and where security of life and personal property is guaranteed;
- A stable macroeconomic environment bolstered by a prudent fiscal policy, a stable exchange rate, flexible exchange control rules and free trade;
- An environment in which freedom from Capital Gains, Inheritance, Withholding, Profit Remittance, Corporate, Royalties, Sales,l Personal Income, Dividends, Payroll and Interest Taxes are ensured;
- Essential public service, an adequately equipped police constabulary, modern health and education facilities and other social services;
- Dependable Public Utilities; and
- Essential Public Infrastructure such as roads, ports and airports.