| September 20, 2007--Nassau, Bahamas-- Lots of | | | | business in The Bahamas shouldsubmit to the |
| people have dreams of purchasing their own island | | | | Bahamas Investment Authority a project proposal |
| paradise in The Bahamas, but the notion can seem a | | | | containing the following information:o name and |
| daunting task to many. | | | | address, including telephone/fax numberso executive |
| Rachel Pinder, president of Island Living Real Estate in | | | | summary of projecto type of business- whether |
| Nassau, tells clients interested in investing in Bahamas | | | | share company, partnership, individual or joint |
| real estate there are numerous advantages to doing | | | | ventureo principals - investors, major beneficial |
| so. | | | | shareholders, including their dates and places of birth, |
| The government also encourages foreign nationals to | | | | as well as passport or social security numberso |
| acquire residential properties in The Bahamas, | | | | proposed locationo land requirementso start-up-dateo |
| according to the Bahamas Investment Authority. The | | | | employment projections - number of Bahamian and |
| International Persons Landholding Act of 1994 | | | | non Bahamiano employees for key personnelo |
| simplified the process of foreign ownership of homes | | | | management/personnel requirement - years of |
| and real estate, making it easier for foreigners to | | | | experience, training ando work permits for |
| own their own piece of tropical paradise. | | | | personnelo financial arrangements for project, |
| "That law really sparked a surge in foreign investors | | | | including bank referenceo environmental impact - |
| purchasing second homes in The Bahamas," Pinder | | | | toxic waste, disposal procedures, toxic inputo total |
| said. | | | | capital investment in project with a breakdown of |
| Another benefit foreign investors enjoy in The | | | | items and start-up cost. Minimum investment is |
| Bahamas is the fact that the country imposes no | | | | $250,000. |
| taxes on capital gains, inheritance, corporate and | | | | Foreigners interested in making The Bahamas the |
| personal income, dividends and interest, according to | | | | location of a vacation home should consult with a |
| the Investment Authority. | | | | reputable real estate professional, Pinder said. |
| The Bahamas' sound economy is guided by prudent | | | | Island Living's main office is located in one of Nassau's |
| fiscal policy, and it offers proactive incentives for | | | | oldest historic buildings on Bay Street, named "Red |
| investment, as well as a safe investment | | | | Roofs." Red Roofs was built in 1896 and has been |
| environment. | | | | home to various families, a Gourmet Deli and now |
| The Bahamas is equipped for economic progress, as | | | | Island Living. |
| it has made infrastructure improvement a national | | | | -end- |
| priority since 1992. Six major airports in The Bahamas | | | | © 2007 Sinai Marketing and Island Living Real |
| are served by various international airlines, allowing | | | | Estate. Authorization to post is granted, with the |
| direct flights to and from key destinations around the | | | | stipulation that Sinai Marketing is credited as sole |
| globe. | | | | source. Linking to other sites from this article is |
| How to Invest in The Bahamas | | | | strictly prohibited, with the exception of herein |
| Pinder said an international investor seeking to do | | | | imbedded links. |