Bahamas Information -Real Estate in the Bahamas

The Bahamas consists of 700 islands which stretch for 500 miles. Grand Bahama is the fourth largest. 105 miles long and 18 miles at its widest point. Total land area 430 sq.miles. Population of approx 50,000 live on Grand Bahama.

The island is just beginning to get discovered and now is the perfect time to make that safe investment or buy your retirement home.

There is a certain magnetic quality that will make you love the Bahamas with its year round sun, miles of white sandy beaches with swaying palms and crystal clear aqua water. The island has good roads and miles of waterways, known as the Venice of the Caribbean’. You can relax in this unspoilt paradise with no traffic congestion and pollution, and best of all friendly English speaking people.

Freeport’s newly refurbished International Airport with pre US customs and immigration clearance. The 11,000 ft runway can take the largest planes, also offers plenty of parking for private and charter aircraft.

*Stamp tax*

A one time Government stamp tax is levied on every real estate transaction. Grand Bahama has NO sales tax, NO income tax, NO inheritance tax, NO corporation tax. and NO capital gains tax. Ownership is conveyed fee simple for property.

*Residence Card*

Once you become a homeowner you can obtain an annual homeowners residence card, which slows the permit holder, spouse and minor children to enter and remain in the Bahamas for the period of the permit. The cost is $500.00 per year. If you invest in a residence valued at $500,000 then Permanent residence can be considered.

Once you hold this certificate it can lead to significant tax advantages in your home country