A Straightforward Process
Purchasing a home in The Bahamas is a straightforward process when you understand the key steps, costs, and benefits. Here’s a clear breakdown to guide you from start to finish.
Costs to Budget For
Transparent breakdown of purchase expenses
Value Added Tax (VAT)
10% on properties over $100,000
Typically split 50/50
Legal Fees
~2.5% of purchase price
Agent Commission
Paid by seller
6% developed properties
10% vacant land
Annual Property Tax
Based on property value and usage
Varies for owner-occupied vs foreign-owned
Economic Permanent Residency
For international buyers, The Bahamas offers a clear pathway to Economic Permanent Residency (EPR) through qualifying real estate investment.
As of January 1, 2025, the minimum investment threshold is set at $1 million BSD/USD, applicable to the purchase of a completed residential property. This updated requirement reflects recent legislative changes designed to strengthen the country's residency program while maintaining its appeal to global investors.
While the standard qualification begins at $1 million, higher-value property purchases may be eligible for expedited or priority consideration, depending on the investment and application profile.
Given the importance of proper structuring and compliance, buyers are encouraged to work with experienced legal professionals or consult directly with the Bahamas Investment Authority to confirm eligibility and ensure a smooth application process.
