Investing in The Bahamas

Welcome to The Bahamas, where relaxation meets luxury. This country is made up of hundreds of islands and cays, protected by an eco-friendly government, working to preserve the fragile ecology. The Bahamas has become such a popular destination that tourism accounts for the majority of its income. The country maintains one of the fastest growth rates in the region, as Bahamas investments in tourism continue to expand.

Bahamas Investments
The Bahamas is the world’s leading offshore financial center, with over 400 financial institutions licensed for banking and financial trust representation. The country is second only to London in the number of financial institutions it hosts. Investing in The Bahamas represents a great opportunity for any investor, as it benefits from its own stock exchange and a tax-free economy. In addition to a growing tourism and financial industry, The Bahamas boasts a thriving real estate market. Many people who own property in The Bahamas rent theses second homes when they are away, generating rental income. Real estate has become one of the largest sources of Bahamas investments in recent years, as a growing number of people search for an island paradise close to North America. It truly is the Switzerland of the Western World.

Here are some of the largest projects for investing in The Bahamas.

Baha Mar
Located in Nassau on a 1,000- acre site, Baha Mar will be the largest destination resort in the Caribbean. Baha Mar will offer some 3,000 guest rooms along with what will be the largest casino in the Caribbean. Amenities at Baha Mar include luxury spas—one of which is expected to be the largest in the Caribbean—an 18-hole Jack Nicklaus Signature Golf Course, a meeting space, 20-acres of beach and a retail village with upscale shopping, chef- branded restaurants, and entertainment venues.

Oceania Heights
Oceania Heights is an exclusive gated community in Great Exuma, featuring 125 home sites. It offers stunning, well-furnished villas for rent as well as fully serviced estate-size individual lots to build a custom home. Oceania Heights will closely work with you and your architect to help you design and build a high quality home. Owners can also take advantage of a rental pool program to earn tax-free revenue by renting the villa for part of the year. Located just 15 minutes from the Exuma International Airport, Oceania Heights features all the amenities of a first class resort with the exclusive privacy of The Bahamas. See http://www.oceaniaheights.com/.

Atlantis
One of the most recognized resorts in all of The Bahamas, the Atlantis on Paradise Island features 2,317 rooms, a large casino and a 63-slip marina. The first two phases were completed in 1994 and 1998, and a new addition with condos and hotel rooms is under construction.

Ritz-Carlton Rose Island
Set to open in 2009, the Ritz-Carlton Rose Island will be set on Rose Island, off Nassau. The resort will feature a hotel, a 300-slip marina, condominiums, townhouses, and estate homes. You can immerse yourself in the sun, sand and surf of the exclusive tropical paradise at The Ritz-Carlton Rose Island. Just four miles from Nassau’s major port, this resort is close to the capital yet the furthest thing from the average vacation.

Rum Cay
Situated on 900 acres of pristine land Rum Cay offers the opportunity to own your very own private island paradise and so much more. The resort features luxurious townhouses, ocean villas, ridge estates, a condo-hotel, and spacious lots to offer the best of island living. To complement the stunning residences, a residential beach club, equestrian center, a golf practice facility, tennis courts, and a yacht club all wait you. You can even sail into the 80-slip.

Emerald Bay Resort
Officially opened in winter 2004, Emerald Bay Resort offers a series of suites and beachfront properties. Amenities include a championship 18-hole golf course, tennis courts, a full-service spa and health club, swimming pools, restaurants, bars, a business center, a marina, and of course, a white-sand beach.

February Point Resort Estates
February Point Resort Estates is an upscale resort community. The resort boasts 145 units, including 70 custom homes, 60 villas, and 15 villas sold as one-quarter share fractional units. Owners can also opt to place their homes into February Point’s rental program to rent their units when they are away.

The Bahamas has evolved into more than just a tourist destination. With a sophisticated and diversified economy, the country continuously receives new investments as more and more people discover this peaceful and spectacular financial haven. Bahamas investments receive preferable treatment and are welcome by a government whose primary intention is to grow its nation. Why not see for yourself—enjoy a little Caribbean vacation!

Author Bio: Pasquale Lo Mascolo is the author of a number of articles dealing with Bahamas properties. By examining the different areas of the Bahamas and researching their respective real estate projects, he has discovered many hotspots that both travelers and investors simply cannot afford to ignore. See Oceania Heights Bahamas Real Estate for more information.

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