Permanent residence is a status issued to an individual for the duration of his/her life unless revoked, and gives him/her the right to live and or work, but not the right to vote in The Bahamas.
An individual seeking permanent residence must make a minimum investment of US$500,000. For more substantive investment of $1.5 million or greater, applications will be reviewed within 21 days.
rovided you have all of the required documentation, it is expected that you would be able to have a response of a ay or ay within 21 days of the completed application being in the hands of the Department of Immigration, said Prime Minister Hubert Ingraham e seek to encourage persons who are purchasing or expending that sort of money for a residence in The Bahamas. /p>
The NIP is designed to increase certainty and transparency to The Bahamas' business and investment environment, thereby enhancing the country attractiveness to foreign direct investment and fostering economic growth.
