What currency is used in the Bahamas?
The US Dollar is the currency widely used in the Bahamas. This is yet another reason the Bahamas have grown to be such a popular vacation spot in recent years. Our American guests are able to make the most of their dollar unlike in Europe, and our International guests think they have won the lottery.
Will I need a passport to travel to the Bahamas?
Yes, with increased travel restrictions, you now need a passport in order to travel to the Bahamas. Please visit this site to learn more information on obtaining passports
What is the best way to get around in the Bahamas?
While on Paradise Island, everything is within walking distance. The Atlantis and their shops/attractions are only one block away from us, and an even shorter walk by beach. Other things like the beautiful Cloisters are also a short walk. While enjoying the culture of old Downtown Nassau, it is best to take a Taxi.
Can non Bahamians sell real estate in The Bahamas?
Real estate and domestic property management agencies are areas reserved for Bahamians, under the Government’s National Investment Policy.
Do non-Bahamians need permission to purchase real estate in The Bahamas?
Foreign investors may acquire residential properties in The Bahamas of up to five acres without prior Government approval. Such acquisitions have to be registered with the Foreign Investments Board in accordance with the International Persons Landholding Act. Second Home owners are eligible for a Home Owners Residence card, issued by the Department of Immigration and renewable annually. This card facilitates entry into The Bahamas, and entitles the owner, his spouse and minor children to enter and remain in The Bahamas for the duration of the validity of the card.
The International Persons Landholding Act generally deals with the purchase of property by non Bahamians and companies under their control. In the case of undeveloped property, it is necessary to apply for a permit.
There is an active Bahamas Real Estate Association, which provides information and referrals on licensed agents. The industry is regulated under the Bahamas Real Estate (Brokers and Salesmen) Act 1995.
Source: http://www.bfsb-bahamas.com
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