The Bahamas is one of the world's most attractive no-tax jurisdiction for private residence, located just 60 miles from Miami at its nearest island, Bimini. It has a good infrastructure, particularly on the main islands of New Providence and Grand Bahama, and there are excellent flight connections to the USA and to Europe. There is no personal or corporate income tax, no capital gains tax, no sales tax, no withholding tax, no employment tax, no gift tax, no inheritance tax, and no probate fees in The Bahamas.There is a strong demand of foreigners for second or primary homes in The Bahamas. Accelerated consideration is given to applications for annual or permanent residence for substantial investors and to owners of residences valued in excess of USD 500,000.
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Although situated almost entirely within the tropics, The Bahamas have a very pleasant, distinctly oceanic variety of tropical climate. There are no great extremes of temparature; the winter months are the driest and sunniest, with slightly lower temparatures, lower humidity and frequent sea breezes. Most of the islands are low-lying and their annual rainfall is rather lower than that of some other islands in the West Indies. |
 Nassau
at sunset
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Foreign Owners of Second Homes
Foreign persons may acquire residential properties in The Bahamas of up to five acres without prior Government approval. Such acquisitions are required to be registered in accordance with the International Persons Landholding Act. Home owners are eligible for a Home Owners Residence Card, renewable annually. 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.
Paradise Island Golf Course |
Annual or Permanent Residence An Investment Promotion Program allowes wealthy foreigners to obtain permanent residence in one of three categories. Investment requirements start at USD 150,000. Special consideration of applications for annual or permanent residence is given to major investors, and to qualified owners of residential property valued in excess of USD 500,000. |
The Bahamas offer many advantages, including:
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No income or capital gains tax, no inheritance tax |
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No double taxation agreements |
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Excellent jurisdiction for incorporating offshore companies |
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Major banking centre |
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Attractive lifestyle and ideal location near the US mainland |
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Excellent access by sea and the international airport of Nassau |
Residence of ChoiceSM
We advise on all aspects of moving your personal residence to another country. This not only involves immigration law, but also international private law, taxation, insurance, and more. We specialise in the world's top locations for private residence in view of personal taxation, the business environment, and the overall quality of life.
We will analyse your situation, inform you of the options open to you, develop a plan of action to help you achieve your goal and then make it happen. We deal with government procedures quickly and efficiently on your behalf, based on professional expertise and years of experience.
The specialised services of Henley & Partners are a resource and complement to major law and consulting firms. We can help other firms and their clients with the unique and specific details required by the immigration and business relocation process and related tax planning.
Further Information
Through its offices in the Bahamas, Henley & Partners assist foreign individuals in obtaining residence status, and advise corporations and investors about all aspects of investing and doing business in the Bahamas, including comprehensive and efficient company incorporation and management. Please contact us for more information or to arrange for an initial personal consultation.
