Re-locating to Property for Sale Bahamas

Once you've seen property for sale in the Bahamas and chosen the one for you, the hard work is now beginning. The process moving your life to another country can be a very daunting prospect and there are many things to be considered before you can reside in the Bahamas full time.

The Bahamas main industry is tourism, this is where most of the jobs will come from, and if you are looking for a job there this is a good starting point. The economy of the Bahamas relies quite heavily on the tourism industry and there are about 5 million visitors who come to the islands each year, the island is very attractive with its stunning views and beaches, and the number of its activities are also great on the Island, weddings are also very popular, all of this activity builds up to somewhere close to $4 billion for the Bahamas economy. Cost of living in the Bahamas is quite steep and give you an idea of ??how much things can cost, rent and food are equal to or higher than they are in the U.S. or Western Europe, however if you are wealthier than average and fit into a higher tax bracket then this will mean that you will be better off in the long term. There is no Capital gains tax, Sales tax, or personal taxes.

Immigration laws of the Bahamas are quite strict if you want to work while living there, however if you are just visiting or living on the island without working it is much more relaxed. The Immigration Department will take all factors into consideration and it is possible to receive residency and work permits even if you are non citizen as long as the correct criteria is met, each case is judged on its own merits. The basic criteria is that no non-national will receive a job offer which can be done by a skilled Bahamian, each job vacancy must be advertised locally so that all Bahamians have the opportunity to get the job. If there is nobody who meets the criteria for the position and the company can prove this then they can grant the position to a non-national. The employer would need to apply to the department of immigration to gain permission to recruit a non Bahamian. Those who have their own business which they want to operate from the Bahamas once they have relocated must also apply to get a work permit for the department of immigration.

The main airports you can fly to so that you can view property for sale in the Bahamas are Lynden Pindling International Airport which the largest airport and is located near Nassau and serves Canada, the major cities of the United States and also Switzerland and London, most likely in the connection with the offshore banking sector and the second largest international airport is Grand Bahama International Airport.