In a word, on the Bahamas everyone will find, than to be engaged, will be able to choose rest to the taste. And still exactly the world famous Center of underwater researches where it is possible not only to swim for a while with dolphins here settles down, but also to make friends with them. Having real estate on the Bahamas, you, certainly, visit with a family the International fair in Friport. Here you can make round-the-world travel, without leaving pavilions: after all at fair goods from more than eighty countries of the world are presented. Real estate existence here is the basis for receiving the Card of the owner of housing. It yet the residence permit, but existence of this card gives the chance not only to you, but also members of your family the right to entrance and residence in the country practically without restrictions. The card is given for a period of one year and can last. Restrictions by number of extensions don't exist. The residence permit is given to those foreign citizens who acquired housing on the Bahamas for the sum more than 500 000 dollars. 

The cost of receiving residence permit makes 10 000 dollars. The Bahama passport gives to the foreigner who has acquired it, the same rights which any inhabitant of the British Commonwealth has.   Business on the Bahamas On the Bahamas registration of the offshore companies of any type is possible. However it is important to remember that if you intend to buy real estate on the Bahamas, any business of a message here you won't be able. Matter in that, one of conditions of opening of the offshore company is a ban on real estate purchase. It is possible to get only that is necessary for the maintenance of office, and the office needs to be rented. Nevertheless, very favorable project is investment of means in business real estate on the Bahamas. 

The law on development of hotel business provides a number of privileges for owners of hotels, and also for those who buys the land plots or is engaged in serious reconstruction of hotels. You can receive liberation from payment of duties on imported construction materials and the equipment. Also customs duties on production acquired on islands are compensated to investors. Employed by you for construction or reconstruction foreign workers, and also the personnel of hotel will be able to come to the Bahamas on the facilitated visa regime. The law on stimulation of development of the industry also allows you to receive a number of tax and customs privileges when opening on the Bahamas of manufacturing enterprise. In the presence of essential capital investments in economy of islands and business real estate acquisition process of obtaining licenses for production opening also becomes simpler. Real estate prices In spite of the fact that the total area of the Bahama archipelago occupies more than 11 000 000 sq.km, its most part the water territory. And from more than 600 islands a half is manned only. These factors in no small measure determine high real estate prices in this region. And, undoubtedly, the world glory of the Bahamas as one of the best resorts also influences price level on real estate. 

   Types of real estate Foreign citizens can get on islands both the land plots under building, and all types of real estate: houses, country houses, townhouses small apartments or smart apartments. In the last some years in the real estate market on the Bahamas there was a new offer: housing in konotel. Kondotel is a multiroom building or a small complex of cottages. Apartments or cottages are on sale separately, and what yet didn't find the buyers, are used as hotel rooms for tourists. The prices of such type of real estate on the Bahamas are slightly lower, than on traditional apartments or separate houses. Procedure of purchase of real estate It is rather simple to buy real estate on the Bahamas. Foreign citizens are allowed to acquire housing and the land plots the area no more than 5 acres (about 2 hectares). If you want to buy the land plot of the bigger size, it is necessary to get permission of local bodies. In the statement for obtaining permission it is necessary to specify not only data on the seller and the buyer, but also the site description, and also the purpose of its acquisition. If you plan to be engaged in agricultural activity, it is required to report the approximate size of expenses on earth development. After a choice of the object which has pleasant to you the written offer on purchase is formed. At the same stage the advance payment which makes no more than 5% from all-round price of real estate is made. In case the transaction broke because of the seller, the advance payment comes back to you in a full size. If you changed the decision, you lose the right to return of this money. It is best of all to charge registration of real estate to the local lawyer. Only he is able to check correctness of all documents and to collect a full package. Quite often the transaction is carried out between representatives of the seller and the buyer, without their personal presence. After end of the transaction it is necessary to pay real estate insurance. Depending on its cost the sum of an insurance makes from 1.5 to 2.5% and is divided equally between the buyer and the seller. 

 The buyer also has to pay a tax on property transfer of rights. Its size depends on all-round price of real estate on the Bahamas and makes to 4% at the cost of housing from 250000 to 500000 dollars, and no more than 2% at a project cost more than 500000 dollars. Process of registration of all necessary documents on acquisition of real estate can borrow from six to twelve months. The housing bought by you needs to be registered in Council for investments which issues the corresponding certificate. In the application for registration it is necessary to enter a full name of the buyer, the residential address, nationality, a birth date and birth place, a work place, and also the address and the detailed description of the bought object. 

Also in the statement have to contain data on the seller, the cost of the house and a payment procedure. The copy of the documents confirming your property right and the receipt on payment of the stamp duty at a rate of 25 local dollars is attached to the statement.