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The right real estate agent is a huge asset to you when going through the home buying process. Having a trusted professional with knowledge and experience working in your best interest is key to finding the right home and making it your own. Click below to connect with our team today!

Modern Living Room in Bahamas

Permanent Residency

Deal

The Bahamas offers a wide variety of prestigious real estate options for the discerning buyer.
The proximity of The Bahamas to the United States, and the privacy and anonymity which persons are able to enjoy the relaxed lifestyle in The Bahamas, have enabled our islands to become an oasis to persons desiring to have a second home, a home away from the hustle and bustle of their everyday lives.
The country’s 700 islands, 29 of which are inhabited, offer a variety of options to the consumer, including luxury condominiums, waterfront estate homes or one’s very own private island. Moreover, there is ease of access through the network of domestic and international airlines which travel to the islands, including providing direct flights from all major international cities not to mention private jet terminals and is a renowned yachting and boating destination. The Bahamas offers permanent residency status to purchasers of property valued at $750,000 or above. There can be significant tax advantages for international clients when obtaining Permanent Residency.

Frequently Asked Questions

What are the costs involved in buying a property in The Bahamas?
    Value Added Tax (VAT) Legal fees Real Estate Commission

What are the Sales Taxes (VAT) on Real Estate Transactions

The Bahamas Government VAT on property conveyances is a graduated tax payable on the purchase price of all real property in The Bahamas. The VAT is typically shared equally between buyer & seller.

PriceBahamianNon-Bahamian
Up to $100,000.002.5%10%
$100,001 - $300,0004%10%
$300,001 - $500,0006%10%
$500,001 - $700,0008%10%
$700,001 - $1,000,0009%10%
More than $1,000,00010%10%
What are the commissions payable for different Bahamas real estate transactions?

The Seller is responsible for paying the real estate commission, unless otherwise agreed upon. The commissions on these types of real estate transactions are as follows:

    Unimproved property: 10% of the sales price Improved property: 6% of the sales price Commercial property or building: 6% of the sales price Business: 10% of the sales price. Commissions are subject to 10% VAT (as are all services)
What are the real estate legal fees in the Bahamas?

A Bahamian attorney is required for all real estate transactions. Legal fees can vary, but average around 2.5% of the selling price of the property. There is also a small recording fee when the title deeds are recorded at the Public Registry. Buyer and Seller are normally responsible for their own attorney fees. Legal Fees are subject to 10% VAT (as are all services)

After I purchase a property in The Bahamas, will I be able to repatriate the proceeds of the sale whenever I decide to sell?

Yes. You will be able to repatriate the entire proceeds, including any profits provided you register the purchase with the Exchange Control Department of the Central Bank at the time of purchase.

How is the real estate market in The Bahamas?

The real estate market in The Bahamas is robust, active and diverse. Sales range from remote island parcels to multi-million dollar waterfront estates, private islands and more. Historically, sales appreciate consistently over time and the market reflects a very stable growth pattern.

What are the Benefits?
    Tropical Sunny Climate Tax Neutral Jurisdiction Historical Stable Government Proximity to USA Voted Best Beaches in The World Pre-clearance U.S. Customs $1 USD- $1 BSD Desirable Travel & Resort Destination