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Bahamas Real Estate
In 1993, the International Persons Landholding Act was put into motion to encourage foreigners to purchase a second home in The Bahamas. And it couldn’t be simpler. If a foreigner buys a single family dwelling or vacant land to be used in the construction of such a dwelling, then he no longer needs to obtain a permit from the Government prior to the purchase. He only needs to register the acquisition later with the Investments Board. Permanent residents of the Bahamas and foreigners who inherit property in the Bahamas don’t have to obtain a permit before acquiring land but must register afterward. However, there are cases where a permit will be needed for Bahamas real estate. First, if the property is undeveloped .....

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