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Bahamas is commonly known as the Commonwealth of Bahamas which is an English speaking country. It consists of 661 cays, 29 islands and 2,387 islets. It is situated in the Atlantic Ocean, which makes it pretty much closer to the north of Hispaniola and Cuba. It has a population of 330,000 inhabitants, with a total land area of 5,382 sq. miles. The financial reforms are introduced heavily in Bahamas in order to attract the foreign investment. The global recession had a very minute impact on the financial sector of Bahamas which shows its well established financial standing. The tax regime is pretty different for Bahamas. The country earns its revenues from license fees, import tariffs, stamp taxes and property taxes, but there are no capital gains tax, corporate tax, income tax, wealth and value added tax. So this tax exemption has played a great role in inviting the investors to invest in Bahamas real estate venture.
Bahamas real estate offers many real estate opportunities. It includes the Bahamas beach villas to Bahamas condos. The villas with sea fronts and swimming pools are a part of the real estate in Bahamas. As the economic boom is sustaining in Bahamas, the value of the property is appreciating, which has created favorable international rentals and local Bahamas rentals. However, there are certain regulations which need to be followed when investing in the Bahamas real estate for sale. Here are the following regulations: 1. The international real estate for sale package issued by Bahamas includes that the foreigners who are interested to invest in Bahamas real estate must apply for a permit. This permit is launched by the International Persons Landholding act. In addition to this, Bahamas real estate for sale needs to be registered with the Foreign Investment Board of the Bahamas. 2. Real estate in Bahamas is sold freehold. However, it is recommended that if a buyer has gone through the international real estate listings comprising of international rentals for Bahamas real estate, then he should take the guidance of the attorney as well. In addition to this, Bahamas real estate listings could prove an added guidance in the purchase. 3. The major attraction which keeps the Bahamas real estate in the international real estate exchange is the fact that there is no capital gain tax over the resale of the property if it is registered with the Exchange Control Department when it is purchased. 4. Another attraction which the Bahamas has in comparison to the international real estate platform is that it allows the visitors to stay in their villas in Bahamas for a period of eight months till they get a job. These visitors are also provided with the departing ticket and other financial support during this time. Taylor White is an international real estate investor and leading the charge at International Real Estate Listings the worldwide leader in Bahamas real estate for sale, Bahamas real estate exchanges, and Bahamas rentals. Bahamas real estate owners, agents, and developers are encouraged to create an account, upload an unlimited number of listings, write as much creative property details, include a You Tube property video, and it will be activated as a basic listing for 6 months, free.