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Can foreign nationals own property in The Bahamas?

April 26, 2017Bahamas foreign nationals Property

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Can foreign nationals own property in The Bahamas?

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Under the International Persons Landholding Act, 1993, all alien land holdings must be registered. A permit issued by the Investments Board is required for any acquisition of residential property of 5 or more contiguous acres or any commercial property by any alien person or corporation that is not Bahamian owned. In addition, investments by non-Bahamians funded from a foreign source should receive approval from the Central Bank of The Bahamas.