Investing in the Bahamas: Advantages
In 1492, Christopher Columbus first set foot on the Island of Guanahani-today, better known as San Salvador. This is one of the 700 plus islands that makes up the archipelago known as the Commonwealth of The Bahamas. Back then there were pearly white sandy beaches, crystal blue waters, and no income taxes. Very little has changed.
The Bahamas is a member of the United Nations. Although an independent country since 1973, the country is still a member of the British Commonwealth. The Bahamas is ideally located less than 100 miles off the coast of Florida, a few hours by boat or twenty minutes by plane. The Bahamas serves as the perfect location to build your second home.
Oceania Heights is situated on some of the highest elevations in all of the Bahamas with breathtaking panoramic views of the Caribbean. We offer the perfect place to grow your assets, conduct business, purchase property, join fractional ownerships, and build your own luxury estate Villa.
Becoming a Bahamian Resident
Under relatively new legislation, accelerated consideration Bahamian residence is given to major investors and owners of upscale Bahamian property such as that available through Oceania Heights. Immediately upon application to the Director of Immigration, all international persons owning residences in The Bahamas are eligible to receive a "Home Owners Card" which entitles the owner, spouse and children to enter and remain in The Bahamas for the duration of the validity of the card.
Bahamian Real Estate is Thriving
Real Estate in The Bahamas is experiencing its biggest boom ever. Thousands of Americans, Europeans, and Asians are discovering that this sub-tropical heaven is the best place to buy their second home, investment property, or both.
The Bahamian government is giving high priority to making The Bahamas a quality tourist destination, as well as the premier eco-sensitive country in the Caribbean.
When purchasing real estate or considering its growth potential, activity is crucial. The Bahamas currently has hundreds of projects on the board with over $18.8 Billion in investments presently at work.
The Bahamas is home to over 250 banks and trust companies; including HSBC, Credit Suisse, Pictet Bank & Trust, UBS, SG Hambros, Cititrust, Ansbacher, JP Morgan, Royal Bank of Canada, Scotiatrust and CITCO, making this a safe and desirable place for offshore investments.
"We have a unique product, come and seek for it. The pace and quality of the life here are very attractive features. We offer a great island atmosphere, and of course you can measure it by all foreigners who have already set up their operations here, and who are extremely successful."
Mr. Laing, Minister of Economic Development.
The Bahamas booming real estate sector provides an excellent investment opportunity for those seeking healthy tax-free profits. In the Bahamas there is:
- No Personal Income Tax
- No Corporate Income Tax
- No Capital Gains Tax
- No Withholding Tax
- No Business Tax
- No Estate Tax
- No Gift Tax
- No Inheritance Tax
- No Death Duties
- No Employment Tax
- No Sales Tax
Purchasing Property at Oceania
The Bahamas Islands with its history of property appreciation and its peaceful and stable democracy has made Oceania Heights in Exuma Bahamas a very sought after place to purchase land and develop custom built Villas.
Community residents have the option of placing their luxury villa in the Oceania Heights rental pool for the parts of the year when the residence would otherwise be unoccupied. The Rental Pool Program allows property owners the potential for profitable tax-free revenues. Each villa in the rental pool will benefit from The Bahamas Government Hotelerie license and from the property management by Oceania Heights’ experienced staff.
Be our guest in one of the Luxury Villas, and decide for yourself if Oceania Heights is for you. Due to the legislation that only one third of the island can be developed, the fact that we have a limited availability of choice properties left and the present opportunity to participate at prices which are still affordable, we encourage you to contact us TODAY!