Grand Bahama Island for sound investment

Providing those who wish to settle in The Bahamas invest in property, retire or open a business, then permanent residence can be applied for.  Those applying though must be of good character, show evidence of financial support and put in writing that they wish to live permanently in The Bahamas.  Therefore, this is a great place to invest and live.

Freeport and Lucaya on Grand Bahama Island was developed in the 1950’s and has become an extremely popular area with miles of beaches, nature preserves and is full of little villages and cays showing evidence of the various cultures of the Grand Bahama residents. All the conveniences of the city are to be found in the Freeport area whilst being located just a short distance from the uncrowded beaches.  It is interesting to note that this is a duty free zone and there is no property tax. Freeport has easy access with numerous flights to the Miami area as well as flights to other American cities and some European cities.

It is hard to believe that Grand Bahama was uninhabited for approximately 300 years and that it was quite notorious as it is said that it was known to famous pirates such as Blackbeard and Henry Morgan as it was an ideal spot for pirates to run aground, tactics used by most pirates in those days.  The name Grand Bahama originated from the Spanish “gran bajamar” (great shallows) lying approx 75 miles off the coast of Florida and is the fourth largest of the Bahama Islands.

Back to present days, there is tremendous activity for those wishing to invest in property on the Island or merely visit on holiday.  The Annual Grand Bahama Sailing Regatta held in June attracts yachting enthusiasts from all over the world.  Other activities include diving, fishing, private flying, water sports, and much more.  There is an abundance of fine restaurants to choose from as you will find French, Italian, Spanish, Chinese, Bavarian, Japanese, English and American restaurants along with local establishments serving spicy, flavourful Bahamian favourites.

The Government of the Commonwealth of The Bahamas is committed to building an economic environment in which free enterprise can flourish and thus a politically stable environment is conducive to private investment – an environment in which freedom from Capital Gains Inheritance, Withholding, Profit Remittance, Corporate Royalties, Sales, Personal Income, Dividends, Payroll and interest taxes is ensured.

I have more information about investing in The Bahamas for serious investors.

Eugenie