http://www.bahamas-travel.org/grand-bahama-caves/
Bahamas Property Tranquility Surrounded By Blue
The Bahamas is a small collection of peaceful islands in the North Atlantic Ocean about 150 nautical miles east of Miami. Although the islands serve as an international financial and legal hub, this commercial activity blends in an unhurried manner with the relaxed and laid-back pace of island residents. The locals like to say life there is perfect one day and gorgeous the next. That is one reason why investors choose to add BAHAMAS PROPERTY to their portfolios, both residential and commercial.
The islands attract many international property investors for a number of reasons. First, the government has streamlined government bureaucracy to expedite project approvals. Second, the government has established generous investment incentives that are particularly favorable to specific industries including finance, insurance, tourism, shipping, import & export trade, and selected manufacturing.
Additionally, the islands possess excellent legal, communications and other infrastructure for commercial and industrial activity. Fourth, investors seeking to combine property investment with corporate activity will find the islands offer a highly-skilled workforce.
The local community is rich with accountants, lawyers, international bankers, fund managers, trustees and other investment specialists. Work permits are readily obtained for key staff and other personnel that need to relocate to the islands.
Fifth, the islands have declared themselves to be is a tax free environment. It does not levy a capital gains or an income tax on corporate earnings or personal income. There is no tax on sales inheritance or dividends. This tax free status is available to all resident individuals, corporations, partnerships and trusts.
The archipelago consists of fourteen main islands. The largest is the Grand Bahama Island with an area of 430 square miles and a population of about 50,000 people. In addition to being the commercial capital of the archipelago, it has one of the largest underwater cave systems on the planet. Abaco is one of the most popular islands in the group, particularly by sailors; it is unofficially known by many as the sailing capital of the world. It consists of Little Abaco and Great Abaco and many neighboring cays.
Importantly, local residency is not required for residential BAHAMAS PROPERTY ownership; foreign nationals are encouraged to invest. Highlighting its new attitude toward foreign investment, the restrictive Immovable Property Act, 1981, has been scrapped. It required non-Bahamians to obtain approval for the transfer, purchase, or inheritance of real estate. It has been replaced with the far more liberal International Persons Landholding Act, 1994. Over the past decade, it has encouraged many US residents to purchase a second residence or holiday home in the island chain.
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Lucayan National Park cave