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Bahamas
OVERALL LOOK AT THE BAHAMAS LOCATION
• In The Great Bahamian Bank and the Atlantic Ocean
• 8 - 9 hr flight time from the UK
FACTS
• Independent nation – an archipelago of over 700 islands including uninhabited cays and large rocks – scattered over 100,000 square miles
• 27 islands are inhabited – population close to 300,000 +
• The Bahamas with over 270 years of democratic rule is one of the most politically stable countries in the world
• Tourism generates 50% of the total GDP (Gross Domestic Product) and directly/indirectly employs half of the total workforce
• General infrastructure is poor - good roads in many of the islands
• Popular islands Eleuthera, Grand Bahama, Exuma, & Long Island
• Very cosmopolitan lifestyle - Playground of the rich and famous
• 2006 capital appreciation in the Bahamas is averaging around 15% - 20%
• 4 hours behind of GMT LIVING IN THE BAHAMAS
• Strong English community
• Bahamian dollar is index linked to the American dollar
• Cheap cost of living - International cuisine
• No visas for EU or British passport holders
• Dentists, 24hr pharmacy, modern hospitals, multilingual doctors DESCRIPTION OF THE BAHAMAS
• Over 340 days of sunshine.
• Great weather – around 25 - 27 degrees all year around
• Emerald and turquoise waters with white or pink sandy beaches boasting over 500 miles of the clearest water in the world with visibility of over 200 feet (61 meters)
• The Bahamas has the world's third longest barrier reef - 5% of the world's coral can be found in the waters of The Bahamas
• 29 Fully equipped government owned marinas which are official points of entry to the country
ACTIVITIES
• Regatta competitions yearly
• Windsurfing, sailing, waterskiing, diving and many other water sports
• Shooting, archery, quad biking, hiking, horse riding, golf and tennis
• Traditional and modern music events. INVESTMENT
• Tax haven
• Capital growth 15% - 20%
• If you buy a property you will receive a residency card renewable yearly – which will include spouses and children (500k min)
• Building guarantees for 10 years, bank guarantees are in place
• Very strict building regulations – max 3 stories high (Some exceptions can be made)
• Construction period will be 12-16 months
• Utility bills approx. $100 - 150 per month
• Community charges approx. $100 – 300 per month
TAX
• No Income tax – no corporate tax – no capital gains tax – no inheritance tax. However, as a company, we would suggest that the clients do their due diligence and check their tax liabilities in their country of origin. (We are not tax specialists) RENTALS
• We have an after-sales division
• Mainly all year round rentals
• Average annual rental yield 10% - 14% MORTGAGES
• Mortgages are in place you can expect rates at around 8.5% (Oct 06)
• Borrow up to 70% of the value of the property – up to 20 years – no limit on the age non status (30% down on resales or 50% down on new builds)
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