The Bahamas is a gorgeous archipelago made up of hundreds of islands. The country is known for its investor-friendly tax structure, world-class shopping and golf courses, and some of the most luxurious homes in the Caribbean. Whether you’re interested in owning a beach house or an island property, you can find everything you need to find the ideal property in the Bahamas. And if you’re looking to live the high life, there are several properties for sale that are sure to make your dreams of owning a vacation home come true.
The Bahamas government has laid out a few guidelines for non-Bahamians to purchase property in the country. The most basic requirement is to invest at least $500,000 in the country. Once you’ve made the purchase, you’ll be able to apply for residency. Once you’ve purchased a piece of property, you’ll need to register it with the government. If you plan on living in the Bahamas for more than a year, you can apply for a home owner’s resident card. lyford cay rentals The immigration director will then issue you the card.
There are numerous islands for sale in the Bahamas. The Abacos, a chain of islands that spans 650 square miles, are a particularly sought-after location. Johnny Depp filmed Pirates of the Caribbean in this region, and David Copperfield bought up to eleven islands in the region for around US$50 million. Faith Hill purchased a 17-acre island in 2006, while Tyler Perry bought a 20-acre island in 2009 for US$6.4 million. Other high-profile buyers include Prince Aga Khan IV, who spent over US$100 million on the 349-acre Bell Island in 2009. Shakira bought Bonds Cay for US$16 million in 2011.
Many people buy Bahamas property in cash. The rental yields on these properties are moderate to good. In addition, they can be location-independent, meaning they can work from anywhere. However, if you’re looking to buy a property in The Bahamas, there are several things you should know first. Before making your final decision, make sure you know what you’re buying and how to finance it.
The Bahamas is a great place to invest. With beautiful views and natural wonders, this tropical country is a popular destination for US investors. A favourable tax system and easy access to Miami, the country also attracts a wider range of nationalities than other Caribbean countries. The islands of New Providence and Paradise Island are the hub of the country’s tourism industry.
The Bahamas’ government is welcoming to foreign investors and offers a low tax rate. Foreigners can purchase property in The Bahamas and receive an annual Home Owners Resident Card. Property taxes in the Bahamas are 1% of the purchase price, and stamp duty is split between the buyer and seller.