Permanent Residency
How You Can GetPermanent Residency
Economic Residency: The quickest way to get a Bahamian residency is with the economic residency. It lasts 1 year and can be renewed for 2 years every 2 years. The candidate has to show proof of domicile (leased or owned) and financial autonomy. The application process takes 1 to 3 months.
Permanent Residency: As its name suggests, permanent residency is for life. This is a very popular option and there is a fast track procedure for candidates who buy a property of USD 1.5M+. This procedure takes 3 to 6 months.
How You Will Benefit FromPermanent Residency In The Bahamas
Taxes: Bahamian residents do not pay any income, capital gains, or inheritance taxes. Bahamian companies don't pay corporate taxes either. The two main taxes in the Bahamas are VAT (0 to 10%) and property tax (less than 1% yearly).
Minimum Residency: The government is planning on introducing a 90-day per year minimum residency for tax status. For now, no minimum is required.
Quality of Life: The Bahamas offers top-of-the-line real estate, resorts, amenities, and schools. It is also close to the US (Miami 35 minute flight / New York 2h30m flight) and has direct flights to Toronto, Panama, London, and Frankfurt.
