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Permits to Purchase or Acquire Real Property in the Bahamas

Posted by Rachel Pinder on Wednesday, November 22nd, 2017 at 5:05pm.

A Permit to Acquire Property is required by all non-Bahamians acquiring an interest in land if the property is undeveloped land with two or more adjoining acres. A Permit is also required if the intended use is not as an owner-occupied property.

Eligibility

Non-Bahamians Acquiring an interest in land if the property is undeveloped land Acquiring an interest in two or more adjoining acres Bahamians are also required to apply for a permit where the intended use is not as an owner-occupied property. Process: (Can be done by your attorney).

  1. Complete the entire Form 3.
  2. Submit Form 3 to the Secretary to the Investments Board, along with the list of documents identified below.
  3. As applicable, the application is also reviewed by the Securities & Intelligence Branch of the Royal Bahamas Police Force and Government Ministries, depending on the nature of commercial activity proposed.
  4. Once approved, an approval letter is prepared.
  5. Upon receipt of an approval letter, the applicant must pay the required fee at the Public Treasury.
  6. A copy of the receipt must be returned to the Investments Board. The Board then issues the Permit to Acquire Property.

Forms and Information provided at www.bahamas.gov.bs

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