Invest in a Bahamas property

Exuma is a series of islands and cays, home to forgotten corners, natural harbors, secluded beaches and a coastline of more than a hundred miles of crystal clear blue waters. Exuma is a nature lover’s paradise preserved in its original pristine setting. In recent years, The Bahamas has become one of the financial centers of the world, with more than 400 banks located in Nassau, its capital. The country’s open economic policy has attracted capital from around the world and is now a hot real estate market. Real estate in the Bahamas has become of great interest to investors and a haven for those who want to own private homes surrounded by the wonders of nature. Local real estate agents see no end in sight to the growing demand for property in the Bahamas.

Buying a property in the Bahamas

In 1993, the Bahamian government enacted a law that encouraged non-Bahamians to purchase real estate in any of the 21 districts. It also allows owners and their dependents to apply for an annual resident card or permanent residence. Now it’s easier than ever to own a piece of Caribbean paradise. Contact one of the many real estate agents across the country to help you find the perfect place. Visit the Bahamas Real Estate Association for a complete list of certified agents and details on buying property in the Bahamas. Prior government approval is not required for non-Bahamians wishing to purchase residential properties of less than five acres, although they must be registered with the Board of Investments and the Central Bank. Another option is to buy the property directly from a development. On the island of Great Exuma, for example, check out Oceania Properties (http://www.oceaniaproperties.com/), February Point (http://www.februarypoint.com), or Crab Cay (http://www.crabcay .com/) for some luxury properties.

A tempting investment

As the world’s leading tax haven, The Bahamas offers the perfect investment opportunity as there are no personal, corporate, income, capital gains, estate, gift or inheritance taxes. Easy access to major world markets, as well as political stability and security are the advantages of doing business in The Bahamas. Investors are also attracted by the stability of the economy, which is stabilized by the strong value of the Bahamian dollar (pegged to the US dollar at a 1:1 ratio).

The benefits of renting

Having a corporate or personal address in the Bahamas provides opportunities to live an exclusive island lifestyle while generating tax-free income. As you enjoy the benefits of a vacation home in the Bahamas, your investment is appreciated. When you’re not soaking up the sun, you may want to consider renting your property in the Bahamas. The rental segment of the market is huge, with many visitors flocking to the islands each year in search of a bit of rest and relaxation. Luxury condominiums, houses and villas generate a lot of money for their owners. Many real estate agents and property managers agree that renting a property is a great idea as it helps owners defray some of the costs associated with owning and maintaining their properties. There are rental groups you can join through which the property managers will oversee all the administrative details associated with the rental. You have no worries, no headaches, and best of all, your home in the sun is well-maintained and available to you in no time.

To preserve the culture and tranquility of the island, Exuma has regulated that no more than 30% of the island can be developed. Exuma luxury rental properties generally offer complete privacy, are exquisitely furnished, and include top-notch amenities. Buying property in the Bahamas, whether as a vacation destination or as a rental property, offers the advantages of numerous commercial flights, private airports, and proximity to the United States. Make yourself at home in the Bahamas.