The Independent Means Visa (Permit to Reside) in the Bahamas offers residency to qualified individuals who can demonstrate sufficient financial resources to support themselves without the need for employment in the country.
Statistics
The Independent Means Visa (Permit to Reside) program in the Bahamas provides a pathway to residency for financially self-sufficient individuals. This program is designed to attract retirees, investors, and other individuals looking to establish residency in a Caribbean paradise known for its stunning beaches, tax-friendly environment, and high standard of living.
Minimum Income Amount
No specific amount, but must demonstrate sufficient financial means
Visa-Free Travel Countries
153
Months to Visa
3-4 months
Overview
A pathway to residency for qualified individuals with substantial financial means in the Bahamas
Eligibility Requirements
Sufficient financial resources to support yourself without employment in the Bahamas
Anchor Ancestor restrictions
Months to citizenship
Length of Visa
Typically 1-3 years, renewable for up to 5 years
Months to Visa
3-4 months
Physical Presence Requirement
No specific requirement, but regular visits are expected
Availability
Easy
Family Allowance
Spouse and children
Overview
The program offers numerous advantages for individuals looking to establish their presence in the Bahamas' tropical paradise.
Submit application to the Department of Immigration in the Bahamas, typically through a local attorney.
Overview
To qualify for the Independent Means Visa (Permit to Reside), applicants must meet specific criteria demonstrating their financial stability and self-sufficiency.
Overview
Completed visa application form
Recent passport-sized photographs
Valid Passport
Proof of financial means (bank statements, investment portfolios)
Police clearance certificates
Proof of accommodation in the Bahamas
Health insurance coverage
Two character references
Medical certificate
Our experienced team will guide you through each stage of the application process, offering personalized assistance tailored to your needs.
We'll help you gather and organize the documents you need for applying.
Once your documents are ready, we'll let you know where and how to submit your application to the relevant authorities.
How long does it take to process an Independent Means Visa application?
The processing time is typically 3-4 months from the point of submission
Can I include my family members in my Independent Means Visa application?
Yes, you can include your spouse and dependent children in your application
What types of financial means qualify for the Independent Means Visa?
Financial statements showing sufficient funds, investment portfolios, and proof of regular income from sources outside the Bahamas are typically accepted
How often do I need to renew my residency permit?
The initial permit is typically issued for 1-3 years and can be renewed for up to 5 years
Can Independent Means Visa holders apply for Bahamian citizenship?
Yes, visa holders can apply for Bahamian citizenship after 10 years of legal residency, subject to meeting other requirements
The Bahamas offers a high quality of life, tax benefits, and stunning natural beauty for foreign residents.
Benefits:
Advantages:
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