A Bahamian residency is a dream for many people who wish to live in the beautiful Caribbean country of The Bahamas. We show three ways to get the Permanent Bahamian Residency Card.
But what makes The Bahamas so attractive to foreigners?
The Bahamas is a beautiful Caribbean country, consisting of over 700 islands and cays. It is a popular destination for tourists from around the world, as well as for expatriates who choose to call this place their home. Expatriates are individuals who reside in a country other than their own for various reasons, such as work, retirement, or simply a change of scenery.
There are several ways through which one can apply for and obtain Bahamian residency, including through real estate investment, employment, or marriage to a Bahamian citizen.
Expatriates chose these islands in The Bahamas for Living
In the Bahamas, expatriates can be found on several islands, including New Providence, Grand Bahama, Eleuthera, Abaco, and Exuma. These islands are some of the most populated and developed in the country, making them attractive to expatriates who seek modern amenities and infrastructure.
New Providence (Nassau, Paradise Island)
New Providence is home to the capital city of Nassau, which is the commercial and cultural hub of the Bahamas. It is also the most populous island, with a population of over 274,000 people, and is the center of government, finance, and tourism. Expatriates who live on New Providence enjoy the convenience of modern amenities, such as shopping centers, restaurants, and nightlife. You might look in theses areas to find a home and access to international schools and hospitals: Lyford Cay, Old Fort Bay, Sandyport and Paradise Island.
Grand Bahama Island
Grand Bahama is the second-most populous island, with a population of over 51,000 people. The island is known for its beautiful beaches, golf courses, and casinos. Freeport is the main city on Grand Bahama and is a popular destination for expatriates who seek a relaxed lifestyle. It is the only Free Trade Zone in The Bahamas and Home to different entrepreneurs. More info you find on the Website for Business in Grand Bahama and how to invest there. You might look in theses areas to find a home and access to international schools and hospitals: Steiningerisland, Fortune Bay, Shoreline and Spanish Main.
Eleuthera is located to the east of Nassau and is known for its pink sand beaches and tranquil atmosphere. It is a popular destination for expatriates who seek a slower pace of life and proximity to nature. No international school and hospital offered.
Abaco is located in the northern Bahamas and is known for its boating and fishing opportunities. It is home to several small towns, including Marsh Harbour and Hope Town. Expatriates who live on Abaco enjoy all the amenities of modern living while also being able to enjoy the island’s natural beauty. No international school and hospital offered.
Exuma is a group of islands located to the southeast of Nassau and is known for its crystal-clear water and beautiful beaches. It is a popular destination for expatriates who seek a private and secluded lifestyle. No international school and hospital offered.
In conclusion, if you want to live permanently in the Bahamas only New Providence and Grand Bahama Island offer expatriates a variety of lifestyles and amenities. Both have good connections into Miami, being Freeport closer to South Florida (it’s only a 20 min flight, you even can cross the Gulf Stream with your Leisure Boat).
If you are looking for a permanent residency, there are three different ways to obtain it.
Bahamian Residency by Investment
This is the most popular way to get your Bahamian residency. Invest in a real estate project like Steininger Island. If you choose this option than you have it all. If you invest in other properties please note that you need to invest a minimum of $750,000 in Bahamian real estate. The investment must be approved by The Bahamas Investment Authority (BIA), and the applicant must provide proof of ownership or contract of sale for property in The Bahamas. In the case of CPH Invest, this type of residency is referred to as the ‘approved investment residency’. It is valid for up to 5 years like your national passport, but it can be renewed for a fee.
Residency by employment
Another way to obtain a Bahamian residency is through employment. Especially in Freeport and in Nassau you find many Expatriates working in fields there no locals are able to do their jobs. If you find an employer who wants to give you a job than you can apply for a work permit, which allows you to legally work and reside in the country. The employer must first obtain a work permit on behalf of the applicant, and the application must be approved by the Department of Immigration. The work permit is typically valid for one year and can be renewed annually.
Residency by marriage
The third option for obtaining Bahamian residency is through marriage to a Bahamian citizen. If a foreign national marries a Bahamian citizen, they can apply for permanent residency in The Bahamas through the spousal permit. The application must be approved by the Department of Immigration, and the applicant must provide proof of the marriage and other relevant documentation.
It’s very important for you to meet all requirements that one must meet when applying for Bahamian residency. Even as an Investor, you will need to go through all steps in a large process. There is no exemption that you must provide a clean police record, a health certificate, and proof of financial stability. Additionally, you must pass an interview and show your willingness to contribute to the country’s economic and social development.
Need help sorting out your options?
As a property developer based in The Bahamas one of our daily tasks is to assist our buyers in finding the best lawyers to deal with their residency. Obtaining a Bahamian residency is possible through real estate investment, employment, or marriage to a Bahamian citizen. Regardless of the option chosen, applicants must meet certain requirements and abide by the country’s laws and regulations. It’s important to seek professional advice and assistance when going through the application process to ensure a smooth and successful application. Schedule an online appointment to get more information.