1)Can non-Bahamians own RE in the Bahamas ?
Yes, since the International Landholding Act of 1993 was
passed into law, upon the completion of the RE transaction &
payment of Stamp Tax etc, registration of property with the
Investments Review Board will result in ownership of the
property.This registration will also allow the sale of the property.
2)Costs of Purchasing RE in the Bahamas
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(a)Residential Owner Occupied:
First $250,000 exempt
$250,000 - $500,000 .75% Over $500,000 1%
Maximum not to exceed $35,000
First $3,000 $30
$3,000 - $100,000 1%
Over $100,000 1.5%
First $500,000 1%
Over $500,000 2%
This insurance is available on all our properties upon
request at the Buyers expense.