Business Investment Visa

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Bahamas
About
Requirements
Cost of Living
Expats

About

All non-Bahamians or Permanent Residents seeking to do business in The Bahamas must submit a Project Proposal to the Bahamas Investment Authority (BIA).

Non-Bahamians must meet a minimum capital investment of BS$500,000 (US$500 approx.) and the proposed investment must not be in an area reserved for 100% Bahamian participation.

Categories eligible for Business proposals/Investments:

a) Touristic resorts

b) Upscale condominium, timeshare, and second-home development

c) Marinas

d) Information/data processing;

e) Assembly industries

f) High-tech services

g) Ship registration, repair, and other ship services

h) Light manufacturing for export;

i) Agro-industries

j) Food processing

k) Mari culture

l) Banking and other financial services;

m) Captive Insurance

n) Aircraft services

o) Pharmaceutical manufacture;

p) Offshore medical centers

q) Wholesale distribution of any product produced locally

Process

  1. Submit a Project Proposal, along with supporting documents to the Bahamas Investment Authority.
  2. The BIA will process the application and submit the same to the National Economic Council for a determination.
  3. Depending on the nature of the proposed business activity, the relevant Government Ministry or Agency would be consulted for input:
  • Ministry of the Environment
  • Ministry of Works and Transport
  • Ministry of Housing
  • Respective Family Island Local Government

4. Once a determination has been made, the BIA will communicate to the applicant in writing.

5. Once approval is obtained, the BIA also coordinates with other Government agencies and facilitates the implementation of projects.

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DURATION

3 months

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CITIZENSHIP

125 Month(s)

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FEES

100 approx.

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P. RESIDENCY

3 Month(s)

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COMPLEXITY

Very Low

Eligibility Requirements

5 Eligibility Requirements for Business Investment Visa

  • You should be a Non-Bahamian.
  • You must have a minimum investment of BS$500,000.
  • You should be be interested in an area that isn't reserved for 100% Bahamian participation.
  • Accelerated consideration of the application for Permanent Residence will be given to: Major International Investors/owners of residence valued at $1,500,000.00 or more.
  • You must have clean criminal record.

Document Requirements

10 Document Required for Business Investment Visa

  • Application form, completed and signed.
  • Copies of Passport.
  • Please provide proof of financial capability, that is, a letter of credit from a financial institution or a net worth statement for each principal or verification of deposit of funds in a Bahamian bank.
  • Documents of character reference.
  • Certificate of Police Record.
  • Documents related to real estate.
  • Copy of application for Crown Land (if applicable).
  • Environmental Impact Assessment.
  • Proof of financial capability.
  • Business plan.

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