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Why Buy Real Estate In The Bahamas
The first reason is the most obvious. Real estate in The Bahamas is enhanced by agreeable climate, and tropical beauty. 700 islands to choose from, prime properties in numerous locations, scattered throughout our archipelago, provide an added bonus. Yet, there are a few not so obvious reasons.
* Freedom from taxes
The Bahamas is an investment-friendly environment. This means The Bahamas Government actually encourages foreign investors to their shores. In fact, in 1994, The Bahamas introduced a National Investment Policy to give support to private investors and to provide a legal environment where you'd secure freedom from capital gains, inheritance, profit remittance, corporate, royalty, personal income, dividends, payroll and interest taxes.
* Investment Incentives
The Bahamas encourages investors by allowing exemption form the payment of custom duties on certain construction materials, equipment and approved raw materials. Additionally, there is a waiver of real property taxes on certain investments for periods up to 20 years.
The Bahamas Government also gives accelerated consideration to applications for annual or permanent residency by major international investors and owners of residences valued in excess of $500,000.
* Stable government and economy
The Bahamas ha been a stable and peaceful democracy since 1729. Now an independent nation since 1973, our financial and touristic sector have experienced growth and continue to be viable industries.
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