The following are general requirements to obtain a work permit from the Bahamas Government:
The following are general requirements to import goods duty free as a Licensee of GBPA:
The following are general requirements to obtain a License from The Grand Bahama Port Authority:
Upon acceptance of the terms and conditions as confirmed in the Letter of Offer, the following is required:
(a) Each application shall include the following Information:
Other information as required by the Development Agent to describe the proposed work.
(b) Each application shall be accompanied by plans andspecifications as required by The Grand Bahama Port Authority Limited Building & Sanitary Code,1983.
Each application for a permit shall be accompanied by two sets of plans and specifications, except the Development Agent may issue a permit without plans and/or specifications for small or unimportant work of a non-structural nature.
(The following information is subject to change as per government policies. Please visit www.bahamas.gov.bs for any recent revisions)
This legislation liberalizes the granting of work permits to an enterprise that wishes to establish itself in The Bahamas.
It provides accelerated granting of work permits for persons holding executive or managerial positions or those with specialized knowledge relating to the commercial enterprise.
Minimum investment of $250,000 – Business must fall within one of the following areas:
There are two types of Permanent Residency which offer slight variances in rights to the non — citizen in The Bahamas which are shown in the value of investment in real property. Minimum investment for this consideration is $750,000.00.
Accelerated consideration of applications for permanent residence will be given to major international investors as well as fit and proper owners with an investment of $1,500,000.00 or more.
A non — citizen holding this instrument will be allowed to live in The Bahamas, but it does not permit them to be employed in The Bahamas.
A non — citizen holding this instrument will be allowed to live and be employed in The Bahamas.The applicant must state in his application that he intends to reside in
The Bahamas permanently. In this particular instance, the application for permanent residency would be made under the category of economic applicant, that is, one who seeks permanent residency because of investment in a residential home in The Bahamas.
The prospective applicant will also have to meet the other immigration requirements for permanent residence as well, i.e. the applicant must be of good character and must show evidence of financial support. Persons holding valid Certificates of Permanent Residency prior to the Immigration Act 1975 will continue to hold such status automatically.
To initiate an application the requisite application form should be completed in duplicate, notarized, and submitted along with the following documents to the Department of Immigration:
The following is a list of general requirements when making an application:
*Note: Notarized translation of all non-English documents
To enjoy duty-free concessions, The Grand Bahama Port Authority and its licensees must apply to Bahamas Customs for Open Warehouse Status and a bond number.
The application most include:
The amount of security is determined by Customs, and varies depending on the nature of business. However, the minimum requirement is Five Thousand ($5,000.00) Dollars.
Once the application is approved, the licensee Is given an Open Warehouse Status/Certificate and a bond number. The open warehouse status allows the licensee to Import, enter and have full control of conditionally duty free goods for the operation of business. The bond number, peculiar to the licensee, must be noted on all import entries.
*The above information is subject to change as per government policies. Please visit www.bahamas.govs.bs for any recent revisions.