The government of the Bahamas has announced a new policy for Immigration. Prime Minister Hubert Ingraham MP introduced the policy in Parliament on 19th April 2011.
The new investment policy increases the value of investment required for accelerated consideration of “economic permanent residency” from $500,000 to $1,500,000. It also increases the minimum capital investment on foreign-owned investment projects from $250,000 to $500,000.
Non-Bahamians who own a residence in the Bahamas are eligible for an annual Home Owners’ Card. The card entitles the owner, spouse and minor children endorsed on the card, to enter and reside in the Bahamas for the duration of the card’s validity.
Government has committed to accelerated consideration of economic permanent residence applications within 21 days of receipt of the application.