The Bahamas: Increased Investment Amount for Economic Certificate of Permanent Residence Category
November 25, 2024
The Bahamas government is increasing the minimum investment amount required for the Economic Certificate of Permanent Residence category to BSD 1,000,000 (approximately USD 1,000,000), up from the current minimum of BSD 750,000, effective January 1, 2025. Under this category, foreign nationals must invest the minimum amount in real estate in the Bahamas or in Zero-Coupon Bonds issued by the Central Bank of the Bahamas. Additionally, effective January 1, 2025, certificate holders must keep their investment for at least 10 years; otherwise, the Immigration Board may revoke their residence status. Currently, the law is silent on whether holders must retain possession of the property after their certificate is approved.
This alert is for informational purposes only. If you have any questions, please contact the global immigration professional with whom you work at Fragomen or email [email protected].
Explore more at Fragomen
Media mentions
UK Managing Partner Nadine Goldfoot reflects on how the UK’s immigration system might adapt to better support business and short-term mobility.
Awards
Negocios Now names Associate Ana Gabriela Urizar to its NYC-TriState Latinos 40 Under 40 Class of 2025 list.
Video
Learn the key requirements for digital nomad visas and find out which countries you can apply to as a remote worker or freelancer.
Media mentions
Practice Leader Olga Nechita provides practical guidance on navigating UK immigration routes, settlement options and key considerations for applicants.
Video
Senior Business Immigration Consultant Missy Mae Makil discusses the new DOLE rules for employing foreign nationals in the Philippines.
Media mentions
UK Government Affairs Strategy Director Shuyeb Muquit examines how the UK’s new Immigration White Paper could affect talent mobility and growth in the life sciences sector.
Media mentions
Partner Abeer Al Husseini discusses recent changes in Saudi Arabia's commercial regulations, their impact on international businesses and how they support Vision 2030.
Awards
Fragomen and Talent Beyond Boundaries received the “Partnership with an International Charity” award at the 10th Annual Better Society Awards.
Blog post
Corporate Services Director Elena Caron outlines essential information and updates regarding obtaining a freelance licence in the UAE, highlighting key requirements and benefits for freelancers.
Media mentions
Partner Rajiv Naik discussed how UK employers can prepare for immigration reforms by reviewing policies and aligning mobility with workforce planning.
Blog post
UK Government Affairs Strategy Director Shuyeb Muquit discusses how the UK’s Immigration White Paper presents both challenges and opportunities, highlighting the need for a system reset to address immigration issues effectively.
Media mentions
Immigration Manager Virginie Todesco highlights how Luxembourg’s clear immigration system and strategic reforms attract global talent and employers.
Media mentions
UK Managing Partner Nadine Goldfoot reflects on how the UK’s immigration system might adapt to better support business and short-term mobility.
Awards
Negocios Now names Associate Ana Gabriela Urizar to its NYC-TriState Latinos 40 Under 40 Class of 2025 list.
Video
Learn the key requirements for digital nomad visas and find out which countries you can apply to as a remote worker or freelancer.
Media mentions
Practice Leader Olga Nechita provides practical guidance on navigating UK immigration routes, settlement options and key considerations for applicants.
Video
Senior Business Immigration Consultant Missy Mae Makil discusses the new DOLE rules for employing foreign nationals in the Philippines.
Media mentions
UK Government Affairs Strategy Director Shuyeb Muquit examines how the UK’s new Immigration White Paper could affect talent mobility and growth in the life sciences sector.
Media mentions
Partner Abeer Al Husseini discusses recent changes in Saudi Arabia's commercial regulations, their impact on international businesses and how they support Vision 2030.
Awards
Fragomen and Talent Beyond Boundaries received the “Partnership with an International Charity” award at the 10th Annual Better Society Awards.
Blog post
Corporate Services Director Elena Caron outlines essential information and updates regarding obtaining a freelance licence in the UAE, highlighting key requirements and benefits for freelancers.
Media mentions
Partner Rajiv Naik discussed how UK employers can prepare for immigration reforms by reviewing policies and aligning mobility with workforce planning.
Blog post
UK Government Affairs Strategy Director Shuyeb Muquit discusses how the UK’s Immigration White Paper presents both challenges and opportunities, highlighting the need for a system reset to address immigration issues effectively.
Media mentions
Immigration Manager Virginie Todesco highlights how Luxembourg’s clear immigration system and strategic reforms attract global talent and employers.