MORE ABOUT Bahamas

Bahamas's Economic Residency

Economic Residency in The Bahamas (also known as Economic Permanent Residence or Residency by Investment) offers permanent residency to qualified investors who make substantial economic contributions to The Bahamas through property purchases or business investments.

MOBILITY ASSSET SNAPSHOT

Discover Economic Residency in The Bahamas

Economic residency in The Bahamas provides a pathway to permanent residency for financially independent individuals who own residential property or make investments in The Bahamas. This program is designed to attract foreign direct investment and promote second home ownership in the country.

Bahamas
Mobility Asset Index Score
68.10%
Mobility Asset Type
Economic Residency
Official Name
Permanent Residency by Investment Program
Launched in:
2021
Online Submission:
Yes
Residency Privileges
(in months)
Lifetime
Adjudication Time
(in months)
5
Minimum Stay Requirement
(in days)
90
In-Country Presence Requirement
(in months)
6

Overview

A Snapshot of Economic Residency in The Bahamas

A fast-track to permanent residency for qualified investors in The Bahamas

Eligibility Requirements

Own residential property or make qualifying investments

Anchor Ancestor restrictions

Months to citizenship

Length of Visa

Permanent Residency for life

Months to Visa

2-3 months

Physical Presence Requirement

90 days per year

Availability

Easy

Family Allowance

Spouse and children

Overview

How to Apply for Economic Residency in The Bahamas

Submit application to the Bahamas Immigration Department

Overview

Discover How GlobalPassport Simplifies the Application Process for Bahamas's Economic Residency

Step-by-Step Guidance

Our experienced team will guide you through each stage of the application process, offering personalized assistance tailored to your needs.

Document Preparation

We'll help you gather and organize the documents you need for applying.

Application Submission

Once your documents are ready, we'll let you know where and how to submit your application to the relevant authorities.

Questions?

FAQ's

Find answers to common questions about GlobalPassport™ and our services.

How long does it take to process an Economic Residency application?

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Can I include my family members in my Economic Residency application?

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What are the investment options under the Economic Residency Program?

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Do I need to live in The Bahamas full-time to maintain my Economic Residency?

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Can Economic Residents apply for Bahamian citizenship?

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benefits

Benefits of Economic Residency in The Bahamas

Economic Residency in The Bahamas offers numerous advantages for investors looking to establish their presence in this Caribbean paradise.

  • Fast-track to permanent residency for you and your immediate family
  • No income, capital gains, or inheritance taxes
  • Ability to live and work in The Bahamas
  • Potential pathway to Bahamian citizenship after 10 years of permanent residency

Tax-neutral jurisdiction

Beautiful island environment

Proximity to US markets

Fast Processing Time

Lifetime residency privilege

Online Submission Allowed

Visa-Free Travel Countries

132

Passport Validity

10 years, 5 years for children

Overview

Why The Bahamas

The Bahamas offers a stunning tropical location, world-class infrastructure, and a tax-friendly environment for investors and second home owners.

Benefits:

  • Political and economic stability
  • Strategic location close to the United States
  • No income, capital gains, or inheritance taxes

Advantages:

  • Beautiful beaches and tropical climate
  • Strong financial services sector
  • High quality of life and safety

Questions?

FAQ's

Find answers to common questions about GlobalPassport™ and our services.

How long does it take to process an Economic Residency application?

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Can I include my family members in my Economic Residency application?

Plus icon

What are the investment options under the Economic Residency Program?

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Do I need to live in The Bahamas full-time to maintain my Economic Residency?

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Can Economic Residents apply for Bahamian citizenship?

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REQUIREMENTS

Requirements for Bahamas - Economic Residency

Check if you qualify based on your family history

Direct Ancestral Connection

Not applicable

Documentation

Proof of investment: supporting documents of the investment made in any of the eligible investment types

Unbroken Chain of Citizenship

Not applicable

Legal Compliance

Criminal Record: A clean criminal record is required+Compliance with Visa Conditions: Applicants must agree to maintain the investment and comply with all other residency conditions.

REQUIREMENTS

Requirements for The Bahamas' Economic Residency Program

To qualify for Economic Permanent Residence, applicants must meet specific criteria demonstrating their financial independence and investment capacity.

  • Be 18 years or older
  • Own residential property or make qualifying investments of at least $750,000
  • Provide evidence of sufficient financial resources to support lifestyle without working in The Bahamas
  • Reside in The Bahamas for a minimum of 90 days per year
  • Provide character references
  • Have no outstanding real property taxes on the property

PROCESS

Economic Residency Process

#1

Initial Assessment

• Verify investment capacity

• Review investment options

• Complete preliminary eligibility check

#2

Investment Selection

• Choose qualifying investment type

• Perform due diligence on investment options

• Engage legal/financial advisors

#3

Application Preparation

• Gather source of funds documentation

• Prepare investment documentation

• Complete background verification

• Obtain required certifications

#4

Investment Execution

• Make qualifying investment

• Obtain investment verification

• Complete any required registrations

#5

Submission & Approval

• Submit residency application

• Complete biometrics (if required)

• Receive residency card/approval

Start now by taking our free assessment

START ASSESSMENT

PROCESS

Timeline for Bahamas - Economic Residency

DOCUMENTS

Documents Needed for Bahamas - Economic Residency

Important Notes
• All documents must be original or certified copies
• Non-English documents require certified translations
• Documents must be apostilled where applicable
Personal Identification Documents
Core identity documents required from the applicantis is some text inside of a div block.

Passport+Biometrics

Vital Records Documents
Birth, marriage, and death certificates from applicant and ancestors

Marriage certificate and birth certificates of dependents (if applicable)

Proof of Residence Documents
Evidence of current residence status

Proof of current address (utility bill, lease agreement, etc.) may be required

Criminal Clearance Documents
Background check documentation

Police clearance certificate from the country of origin or residence for the past 5 years.

Financial Documents
Proof of payment and financial requirements

Proof of Investment: Bank statements or other documents verifying the investment+Property purchase agreement or business investment documents+Proof of Funds: Documentation demonstrating the source of the investment funds (e.g., tax returns, bank statements).

DOCUMENTS

Costs Associated with Bahamas - Economic Residency

Pre-Application Costs
Essential document preparation and verification costs

Birth certificates from government archives; Marriage certificates for family dependencies; Police clearance records from current and past residences

Certified translations into official language(s); Apostille certification; Government-issued document legalization

Diploma and transcript verification; Professional certification authentication; Credential evaluation services

Government Application Fees
Official fees charged by government authorities

Initial application submission fee; Processing and handling charges; Administrative review fees

$10,000

Fingerprint collection fee; Digital photograph requirements; Biometric data processing

Required medical examinations; Vaccination verification; Health certificate processing

Post-Submission Costs
Costs after submitting your application

Document verification fees; Background check processing; Application status updates

Consulate visit expenses; Interview travel costs; Temporary accommodation (if required)

Language proficiency testing; Skills assessment fees; Additional document requests

Professional Services
Optional external support services

Immigration lawyer consultation; Document review services; Legal representation fees

Tax planning consultation; Asset transfer advisory; Investment planning services

Relocation services; Property search assistance; Settlement support services

Post-Acceptance Costs
Costs after approval

Residency card processing; Passport issuance fees; Registration certificates

Oath ceremony fees; Registration charges; Local authority fees

Renewal fees; Status maintenance costs; Annual reporting fees

Rankings

GlobalPassport™ Mobility Asset Index

60

Overall Rank

Cost

Based on application fee

Residency Requirements

Based on residency requirements

Residency Privileges Length

Based on programs’s term

Processing Speed

Based on estimated processing time

Eligibility Requirements

Based on entry requirements

Program Stability

Based on years of activity

Time to Permanent Residency

Based on permanent residency timeline

Rankings

Global Rankings/ Comparisions

Safety

Bahamas

Cost of Living

Bahamas

2

Quality of Life

Bahamas

Healthcare Quality

Bahamas

Internet Speed

Bahamas

79

Human Freedom

Bahamas

41

Discover More About Bahamas

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