Nassau real estate - the exotic place to buy
In addition to offering up exceptional natural wonders, the country is a uniquely advantageous place in which to invest or own a home. The island nation has a long tradition of political and economic stability, and its business-friendly government provides outstanding incentives to foreign investors, including generous financing arrangements for the buying of property and the freedom from taxes on personal income, capital gains, dividends, sales or inheritance. Nassau, the capital, is a leading offshore financial center, with a modern infrastructure and large pool of highly skilled professionals in banking, finance, business management, law and accountancy. It boasts every convenience and amenity you would expect to find in a sophisticated business hub, from state-of-the-art telecommunications to excellent schools and medical services.
It's not surprising, therefore, that Nassau and nearby Paradise Island comprise some of the most coveted real estate in the world. Many internationally known business people, as well as leading entertainment and sports figures, either live on the islands year-round or own second homes here. This trend has grown in recent years, thanks in part to the enactment of the International Persons Landholding Act, which went into effect in 1994 and grants non-Bahamians automatic approval to purchase residential property of less than five acres (with very few exceptions), vastly simplifying the buying process. The legislation allows non-Bahamians to purchase a single family dwelling, or land intended for the construction of this type of dwelling, without the need of a permit. The Act also enables a non-Bahamian who owns and maintains a home in The Bahamas to apply for an annual homeowner's resident card that, upon approval, entitles the applicant, his or her spouse and minor children to enter and remain in the country for the duration of the card. The cost of the card is $500 and it is renewable annually. Without it, visitors can reside in The Bahamas for a period of up to eight months at a time, if they can provide proof of financial support for the duration and have a return ticket to their homeland or another country that they can legally enter. Whether your interest is residential or commercial, to sell or to purchase property in the Bahamas, you will find luxury homes, vacation rentals, townhouses, condos and commercial property. Sort and save your selections for beachfront properties, private islands and vacant land. In addition to a robust local market, The Bahamas also has a thriving second home and private islands market. Famous sports figures, such as Barry Bonds, Michael Jordan, Ernie Els and Jim Courier are property owners at the exclusive Ocean Club Estates on Paradise Island. In Lyford Cay, rich and famous home owners include Sean Connery, Tony O'Reilly and members of the Goulandris (shipping) family, to name a few. The Bahamas government is committed to continuing a "No Income Tax" policy to encourage the purchase of Bahamian property. The Bahamas gives travelers plenty of rental accommodation options. Families and larger groups often choose to stay in a Bahamas rental property, such as a villa, vacation home, or beachfront cabana. Villas and condos may come with many more frills than other rental options, including maid service and their own pool. Villas are generally larger, and can have several bedrooms, making them big enough for a family or group. Condos may be somewhat smaller, but can still easily serve a number of people. Private apartments are a good choice for visitors staying longer than a week. Possibly the most important factor to consider in picking a Bahamas rental property is that the properties vary as much as the islands themselves
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Nassau Vacations site
Our company is running one of the largest pc and mobile travel website networks, covering top hotel, vacation package, airline ticket, beach, cruise, all inclusive and honeymoon destinations worldwide.
We will also run a travel blog portal which centralises the blogs posted by our visitors on all of our websites and which represents one of the world's best travel information resources, totally build by people such as yourself.
In the link section, you can check more links to our travel website network as well as to other third party specialized websites as lastminute.com or orbitz.com which we suggest you to visit if are you planning a trip to Nassau Bahamas.
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