Annual Permit allows a non-Bahamian wishing to reside in The Bahamas to do so on an annual basis. According to the government policy, a non-Bahamian may enter The Bahamas as a visitor for an initial period of up to two months, and during this period the visitor may apply for residency.
Non-Bahamians who own second homes in The Bahamas may apply for an annual homeowner’s residence card. This card is renewable annually and intended to facilitate entry into The Bahamas with minimal formalities. The holder is entitled to visit The Bahamas for a stay of up to one year.
Government fee: USD 250.00 p.a.
Immigration application form (notarized with USD 10 stamp)
Notarized copy of the Passport
Two passport-sized photographs with signature on reverse
Notarized copy of Birth Certificate (permanent residency only)
The Bahamas is an independent sovereign state and the most successful international financial centre in the Caribbean region with a stable parliamentary democracy modelled on the British system. There are three types of residency available for foreigners: Permanent Residence Permit, Annual Residence Permit and a Home Owner’s Card Annual Residence.
General information and advantages
There is no wealth, inheritance, gift, income or corporate tax
Minimum stay requirement: none prescribed of Bahamas authorities
An investment friendly climate with a good choice of financial institutions such as banks, trust companies, insurance companies, corporate service providers, etc.
Political and economic stability
Presence of internationally reputed private banks
Convenient location with half an hour’s flying time from Miami and with direct flights to London, Toronto, New York and other major cities
Life in The Bahamas is particularly pleasant, with its laid-back, sunny living environment and friendly inhabitants
I. Permanent Residency
Permanent residency allows a non-Bahamians to reside permanently in The Bahamas, pass freely through immigration and valid for lifetime.
Investment of USD 500,000 in a fully constructed residence (vacant land or a business will not suffice)
If investment is higher than USD 1,500,000 an “fast track” in processing time is applied