The Bahamas, an archipelago of 700 islands, has long been a desirable haven for affluent visitors and homebuyers, offering some of the finest oceanfront communities worldwide. Since gaining independence in 1973, the Bahamas has established itself as a stable parliamentary democracy and a leading offshore financial center. This stability, combined with its favorable subtropical climate, makes it a prime location for real estate investments, particularly with the benefits of Permanent Residency.
Economic Permanent Residency in the Bahamas offers significant tax advantages, including exemptions on capital gains, corporate earnings, personal income, inheritance, and dividends. These exemptions apply not only to individuals but also to resident corporations, partnerships, and trusts. The residency requirements are flexible, as there is no mandatory duration that residents must remain in the country each year to retain these benefits.
Foreign nationals can apply for Permanent Residency by investing a minimum of $750,000 in a Bahamian residence. For those who invest $1,500,000 or more in a residence or property, there is an accelerated process to fast-track their permanent residency application, making the Bahamas an attractive destination for high-net-worth individuals seeking a luxurious lifestyle with substantial financial perks.