When making a foreign investment in The Bahamas certain immigration provisions will apply.
Work permits for key foreign personnel in any business development will be granted. Permits for non-essential personnel will need to be discussed with the Bahamas Investment Authority (BIA) in advance.
Residential property of up to five acres may be acquired by foreign investors without prior approval from the government, though must be registered in accordance with the International Persons Landholding Act. Investors who own residential property in The Bahamas are eligible for an annual Home Owners Residence Card which enables the home owner, their spouse and children to reside in The Bahamas. Major investors and owners of homes worth more than $750,000 may be given accelerated consideration for permanent residency.
Office of the Prime Minister
Cecil Wallace-Whitfield Centre
Cable Beach, P.O. Box CB-10980
T: (242) 327-5970 thru 4
F: (242) 327-5907
Hawkins Hill, P.O. Box N-831
T: (242) 322-7530
F: (242) 326-0977
Administration of The Bahamas Investment Authority (BIA)
Executive Management of the Bahamas Investment Authority (BIA) is resident in the National Economic Council (NEC), headed by the Prime Minister and operational activities is the responsibility of The Bahamas Investment Authority (BIA) or the Investor’s ‘One-Stop-Shop.
Bahamas Investment Authority
Office of the Prime Minister
Cecil Wallace-Whitfield Centre
Cable Beach P.O. Box CB-10980
Nassau, The Bahamas
P (242) 327-5970-4 F (242) 327-5907
Investment incentives under the following Acts include exemption from the payment of customs duties on building materials, equipment and approved raw materials; and exemption from real property taxes for periods up to twenty years:
Note: Custom duty exemptions do not apply to personal consumables.
Investors may acquire publicly owned lands for approved developments on concessionary terms
Investors may acquire low cost space for lease for industrial enterprises Government will provide special training and retraining for Bahamian workers to ensure the continuing availability of a highly skilled labour force.
Business located in The Bahamas may benefit from the following preferential trade arrangements:
To undergird the National Bahamas Investment Authority (BIA), the Government will provide: