The INTERNATIONAL PERSONS LANDHOLDING ACT Forms Bahamas Gov
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People also ask
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How do I apply for land in the Bahamas?
Applicants are required to: Complete the necessary forms (Form 1, 3, 5). Pay the required application fee (B$225.00). Forward all requested documentation relevant to the classification being applied for.
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How do I get residence in the Bahamas?
Permanent Residence, Applying for - Government - Non-Residents. Non-Bahamian nationals who are desirous of living and working in the Bahamas must seek authorization from the Department of Immigration to do so. This comes in the form of a Residence Permit.
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What is a certificate of registration in the Bahamas?
The purpose of Certificates of Registration is to enable certain categories of non-Bahamians to merely register their acquisition of an interest in land or a condominium in The Bahamas without having to obtain the prior approval of that acquisition from the Government of The Bahamas.
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Is land in the Bahamas expensive?
Believe it or not, you can find land under $200,000 in The Bahamas. Mind you, it probably won't be beachfront land, but you won't be far from the sparkly coastline. Also, you're looking at less acreage at this price point. Expect around a 4-acre Bimini lot for a couple hundred thousand dollars.
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How much is property tax on an island in the Bahamas?
The first $300,000 on owner occupied residential property is tax exempt. On the value of owner/occupied properties between $300,000 and $500,000, the rate is 0.625% per annum of the market value. On the portion over $500,000 the tax rate is 1% per annum of the market value of the property.
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Can a US citizen buy land in the Bahamas?
There are no restrictions on foreigners buying property in the Bahamas. Property purchasers are eligible for an annual Home Owners Resident Card, and those buying a property valued at $500,000 and above are given priority in permanent residence applications.
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