Bahamas Temporary Residency
Annual Permit to Reside in The Bahamas, for living rather than working.
- Official Permit to Reside (Annual Permit) for living in The Bahamas other than working
- Issued for each year or part thereof; renewable through a separate official renewal filing
- The Bahamas does not levy personal income tax, capital gains tax, or inheritance tax on individuals
- Spouse and children under 18 may apply as accompanying dependants on their own Permit to Reside
Starting from $5,000 USD
Have more questions? Write to hello@4corporate.com and we will be happy to assist.
How 4Corporate supports you
You do not have to navigate a foreign residency file on your own. We help you choose the route that fits, prepare a complete application, and coordinate filing through licensed local counsel. After approval, we stay with you for the practical side of arriving — obtaining the necessities in that country, all the way to settling into your new home. A private consultation maps that path before anything is filed.
The process
Eligibility & strategy call
Consultation
Confirm whether the annual Permit to Reside or economic Permanent Residence is the fit, and that the purpose is residence rather than work.
Document preparation
Document preparation
Prepare Form 1, the Annual Permit Questionnaire, police and medical certificates, financial reference, and translations with the required postage stamps.
Application filing
On filing
File with the Department of Immigration through licensed local counsel. First-instance applicants should not be in The Bahamas during processing.
Department review
8–12 weeks
The Consultation Unit is the official contact for a status update once the complete file has been submitted.
Permit issuance & renewal
After approval
On approval, receive the annual Permit to Reside. Renewal is a separate official filing with the same USD 200 processing fee.
Residency
Why Bahamas
The Bahamas Department of Immigration issues a Permit to Reside, commonly known as an Annual Permit, to non-Bahamian nationals who wish to live in The Bahamas for any purpose other than working. The 4Corporate fee is USD 5,000 for each year of residency on the visa. Applicants submit a financial-institution reference stating a figure range, or a CPA statement; no minimum investment is published. Property ownership is optional. This route does not authorise gainful occupation. First-instance applicants should not be in The Bahamas while the application is processed. Economic Permanent Residence is a separate 4Corporate landing.
Advantages
Tax, location and daily life
Tax
The Bahamas does not levy personal income tax, capital gains tax, or inheritance tax on individuals.
Location
The annual Permit to Reside is for living in The Bahamas for a purpose other than working. It is distinct from economic Permanent Residence.
Healthcare
Travel-health notes typically describe routine care in Nassau and Freeport as adequate, with specialist or complex cases often referred to the United States.
Cost of living
Independent cost-of-living indexes typically describe The Bahamas as one of the more expensive Caribbean markets, often above the United States, because so much food and household goods are imported. Nassau and resort areas sit at the high end.
Eligibility
Who this is for
- Non-Bahamian who wishes to live in The Bahamas for a purpose other than working
- The official page lists students (school, college, or university) and dependants of a person legally authorised to reside (spouse, or children under 18)
- Independent adult applicants submit a financial-institution reference stating a figure range, or a CPA statement; no minimum investment is published
- Police certificate (age 14+), medical certificate, character references, and First Schedule Form 1 as listed by the Department of Immigration
The engagement
What is included
- Initial eligibility assessment and strategy
- Document checklist, review, and apostille coordination
- Application filing with the relevant authority
- Liaison with licensed local agents and due-diligence providers
- Post-approval onboarding (banking, tax registration where applicable)
- Dedicated 4Corporate client portal access where you can view your process, documentation, invoices, quotes and more
Get started
Ready to proceed?
Contact us to start this programme, or write if you have a question.
Starting from $5,000 USD
Have more questions? Write to hello@4corporate.com and we will be happy to assist.