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Map of The Bahamas
All foreign nationals may now acquire residential and/or investment property in The Bahamas. Read about the repeal of the Immovable Property Act 1981, called the:
Investments in The Bahamas are well received and
save due to a stable economy and a strong currency par to the US dollar. A wealth of
investment incentives is being offered by the Bahamian Government to
attract foreign companies and entrepreneurs.
Invest your money in real estate; reserve a part of The Kingdom at the World famous Cape Santa Maria Beach for yourself and build your dream vacation home.
The population of The Bahamas is primarily of African and mixed African and European descent with small Asian and Hispanic minorities. English is the official language.
The Bahamas' climate is associated with tropical
seas. Temperatures rarely drop much below 60° F (15° C) or rise much above
90° F (32° C).
The sea normally ranges from 74° F (23° C) in winter to the low 80's (28° C) in summer.
discover some of the best recipes of The Bahamas
1¼ oz. of Rum
1 oz. of Crème de Cassis
3 oz. of pineapple juice
3 oz. of orange juice
¼ oz. of lemon juice
¼ oz. of Angostura Bitters
A dash of Grenadinesyrup
A dash of nutmeg
Shake well and serve in a tall glass
The Bahamas are scattered across
a 100,000 square miles large archipelago in the southwest Atlantic Ocean. Powder-white
sandy beaches and in contrast, steep and rugged cliffs, are meandering through the incredibly
clear aqua-blue waters from the tip of Florida to the edge of the Caribbean near
Haiti. Some of the islands are relatively large, Andros, Eleuthera, Grand Bahama
and Long Island, for
example. Many others are tiny enough for a romantic rendevous-a-deux away from
the ever pulsating hectic of the World. The islands are made entirely of calcium
carbonate, precipitated mainly by the organism of the coral reefs. There are no
rivers in The Bahamas; however, small brackish water inland lakes do exist.
The Bahamas is not actually located in the Caribbean. The islands do, however, share the Caribbean's gorgeous colorful waters and the predominant gentle trade winds. With a population of 300,000 scattered on only about 30 inhabited islands, this country of the two thousand islets and cays welcomes more than 5,000,000 visitors every year which are enjoying the hospitality of the Bahamians and the tropical sea and its perfect picture-postcard beaches.
Recent archaeological discoveries are indicating that
people lived on the islands of The Bahamas as early as 300 to 400 AD.
Around the 10th. century, Lucayan Indians settled throughout The Bahamas to escape their
enemies, the Carib Indians, known as fierce warriors and cannibals. In 1648, a
group dissident English puritans arrived on Eleuthera in their quest for religious freedom.
Together with the American Revolution, the colonists arrived and ...... the Southeners.
The Bahamas were a British Crown colony from 1717 until they were granted internal self-government and became the Commonwealth of the Bahama Islands in 1969
In 1492, Christopher Columbus made his first landfall in the 'New World' on the island of San Salvador. He named the area "baja mar" or "The Bahamas, the Islands of the Shallow Sea". The Lucayan Indians living on the islands were soon enslaved and exterminated by the Spanish, who did, in fact, never colonise The Bahamas.
Through the efforts of Prime Minister Lynden O. Pindling, The Bahamas were granted limited self-government as a British crown colony in 1964 but it was not until the 1967 elections, before they were able to win control of the government.
And on July 10, 1973, the black, turquoise and gold Bahamian Flag was being raised instead of the Union Jack and The Bahamas became finally a sovereign state within the Commonwealth of Nations.
Tourism is by far The Bahamas' most important industry, providing 60% of the gross domestic product and employing about half of the workforce. Financial services are the nation's other economic mainstay. The Bahamas have a well established and dependable legal system with historically grown personal rights of freedom and speech.
has no income, capital gains, withholding or estate taxes. A stamp duty is levied
when a company is authorized or increases its capital. Business license fees are
modest and charged annually.
Import duties are the main source of revenue for The Bahamas and can be anywhere from 0% to 100% or more depending on the type of commodity. The duty is charged based on the Government's "assessed value" of any goods and a stamp tax of 7% is levied on top of import duties.
Annual real estate taxes of about 1% of the property's "market value" is the only other tax accounted for by the Bahama government. The current status of the property, i.e. owner-occupied etc. is determining the rate applied to the property.
Real estate taxes are charged annually based on the assessed property value. The current status of the property (owner-occupied, rentals and commercial or unimproved land) determines the rate. Owner-occupied properties up to a value of $250,000 are exempt of taxes. Thereafter, annually ¾% are charged up to a property value of $500,000 and annually 1% on properties valued higher than $500,000. Unimproved land is taxed at a rate of 1%, respectively 1½% of a value above $100,000. Any other property is taxed at 1% increasing to 2% for property values higher than $500,000.
Long Island's Caribbean shores are inviting you
for a dive in the calm and colorful
The water is warm and sometimes so shallow, you can wade from one island to the next and enjoy the hot sun on a remote, sandy beach.
The Bahamas has the World's third longest barrier reef stretching over 140 miles (230 km) along Andros Island.