The Bahamas is an independent Caribbean island nation with its own government. It was a British crown colony until the 1970s when it gained independence. As a result, Common Law governs the land, and English is the official language. The Bahamas is one of the wealthiest countries in the Caribbean, and it is home to a large number of Western expats. The Bahamas government allows foreign investors to apply for residency in exchange for investment in The Bahamas.
The Bahamas Residency By Investment (aka Bahamas Golden Visa) programme grants permanent residency to approved applicants and their families. Foreigners may apply for citizenship after ten years of residence in the Bahamas. Dual citizenship is not recognized in the Bahamas, so applicants must forego their previous citizenship.
Applicants for The Bahamas Golden Visa Program must invest in either real estate or a business operation. The Bahamas have a $500,000 minimum investment requirement, but the authorities give real estate investments of at least $1,500,000 priority. The investment must be kept for the duration of the visitor’s stay in the region.
The Bahamas has one of the most friendly tax systems in the world. Personal income and most types of corporate income are not taxed in the country. The Bahamas passport is the best in the Caribbean, allowing visa-free travel to the Schengen region of Europe and visa-free travel to the United States.
The Bahamas Investor Visa Applicants are offered the following investment options:
Approved applicants will need to hold the investment for the rest of their stay in the Bahamas.
Application Fees: B$1000 per person + B$250 for the landholding license
You must first make your investment before applying for permanent residence. If you're planning to invest in a company, you'll need to get your business plan approved by the appropriate authority. If you want to apply for the real estate scheme, you must first buy the property and then apply for a landholding license. The Housing Department typically takes 30 days to issue your Land Holding License.
You can apply your application for permanent residence along with the supporting documentation once your investment has been accepted and you have documentary proof. At the Public Treasury, the applicant must pay the required fee.
The Immigration Department will process your application. It usually takes 3 to 4 weeks for a decision to be made. You can get your permanent residency permit once you've been accepted.
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