FAQs

Why the Bahamas

Climate

The Bahamas boasts year round delightful temperatures because we're surrounded by water.This makes it the perfect place for purchasing an island home or buying beachfront property for your year round residence.

Great Place to Invest

Our investment friendly policies make the Bahamas an ideal place to live. There is absolutely NO INCOME TAX and NO INHERITANCE TAX. There are also no taxes on capital gains, corporate earnings, sales or dividends. This tax freedom is available to everybody who resides here. There are also many Investment Incentives available.

Proximity to USA

Minutes away from Miami and Ft. Lauderdale, The Bahamas offers Island living with the convenience of being within easy reach of the continental US. Served by all major carriers, The Bahamas is easily accessible from anywhere!

Strong Economy

The Bahamian economy is strong and stable, based on Tourism, Finance and the Service Industries. The Bahamian dollar is on par with the US dollar making transactions simple without complicated conversion rates.

Stable Government

After gaining independence from Great Britain in 1973, The Bahamas has a long tradition of democracy and stable government making it the perfect environment for future growth and prosperity.

It's Easy

It's never been easier for a non-Bahamian to own a home here in The Bahamas. Simply register your property acquisition with the Bahamas Investments Board. There is no longer a need to obtain a government permit prior to purchase. Unless the property is larger than 5 acres, or is not a private residence, will a permit be required. Permanent Residents of the Bahamas and non- Bahamians who inherit property in The Bahamas need only register the acquisition with the Investment Board. Furthermore, a non-Bahamian who owns a home in the Bahamas may now obtain an annual Home Owner's Resident card from the Director of Immigration. The card authorizes the entry of the holder and his immediate dependent family as they wish.

Currency

The Bahamian Dollar is on par with the United States Dollar affording no complicated exchange rates or transactions

Rest & Relaxation

Of course everything is not business, business, business. When it's time to have fun and relax, the Bahamas can't be beat. Golf and tennis,windsurfing and sailing, diving and fishing, boating and beaching, cycling and hiking,reading a good book or just listening to the song of the seashore casuarina pine.There is always something to do in the Bahamas, that's for sure.

The Bahamas Stats

The 700 islands of The Bahamas cover approximately 5,382 square miles of land spread over 100,000 square miles of beautiful green and blue water. The capital city is Nassau, located on the tiny island of New Providence only 21 miles long and 7 miles wide whose majestic harbour has been the center of commerce in the Bahamas for the past 600 years.

Political Status and Government

The Bahamas is an Independent Nation with a Parliamentary Democracy. We are a Member of the British Commonwealth with the British Sovereign our Head of State. The Bahamas has a Two Chamber British style Parliament with the Prime Minister the Head of Parliament. The House of Assembly (elected) and The Senate (appointed) make up the Lower and Upper Chambers of the House respectively.

Population

The Bahamas 255,055
New Providence 172,196
Grand Bahama 40,898
Abaco 10,003
Andros 8,177
Eleuthera 7,993

Economy

Gross Domestic Product $7.23 Billion (2007)
Per Capita GDP $16,050.2 (2000)
Tourism 40-50% of GDP
Government 20%
Manufacturing/Construction 18%
Financial Services 15%
Agriculture/Fisheries 5%
Other 2%