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Investing in REAL ESTATE BAHAMAS is a popular thing to do as there are some beautiful houses, villas and apartments for sale on the islands. There have been several changes in the investment rules for the Bahamas and there are guidelines that must be followed. The Bahamas is most widely known as the Commonwealth of the Bahamas and is an English speaking country. The Bahamas are made up of 661 Cays, 29 Islands and 2,387 islets. The islands are all situated in the Atlantic Ocean and they are close to th north of Hispaniola and Cuba. The Bahamas have a population of 330,000 and a total area of 5,382 Sq. miles. The Bahamas has made several changes to the financial system so that they will attract foreign investment in Real Estate, and luckily the global recession did not have a big effect on the islands financial sector which proves it has a well established financial standing. The tax system in the bahamas is based on earnings from reminiscence fees, import tariffs, stamp taxes and property taxes and there is no capital gains, corporate tax, income tax, wealth and value added tax which makes the system quite different to the rest of the world, and these exemptions have proved very inviting for investors looking into real estate in the Bahamas. There are many real estate opportunities available in the Bahamas including beach villas with sea fronts and swimming pools to condos. In the Bahamas the economic boom is sustaining the Bahamas and the value of property is appreciating, which in turn has favored international and local Bahamas rentals. There are however certain rules which need to be followed when you are considering an investment in Bahamas Real Estate. Any foreigner interested in investing in a Bahamas property for sale must apply for a permit and the permit will be launched by the International Persons Landholding act, also the real estate which is for sale will need to be registered with the foreign investment board of the Bahamas. All real estate sold in the Bahamas is sold on a freehold basis, however if an individual has gone through the channels of the international real estate listings which has international rentals involved then it is advised that they are to take the guidance of an attorney also. It is good to bare in mind that the Bahamas real estate listings could be an added useful guidance point when purchasing a property. No Capital gains tax is payable on the sale of a property in the Bahamas if it is registered with the Exchange Control Department when it is purchased. Once a purchase of real estate has been made in the Bahamas, it is worth baring in mind that the owners are permitted to stay in the villa there for a period of 8 months until they get a job, and visitors are also provided with a departing ticket and other financial support during this period. So when looking at purchasing and investing in REAL ESTATE BAHAMAS, it is worth remembering these important points as they are beneficial to any investor on the Bahamas.
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