The Bahamas Government offers temporary residence certificates as follows:
- Residence visa is initially issued for a period of 12 months, renewable thereafter, generally, on the first renewal, a three-year extension is granted and there is no minimum residency period,
- No requirement to make an investment such as purchasing a property (there is for a permanent residence program),
- The process of obtaining the visa lasts approx. 3 months,
- Total fees and costs of approx. $10,000.
No direct taxation imposed on persons with temporary residence in the Bahamas
Benson Formations
Benson Formations is a boutique corporate service provider of our group focusing on helping you
set up and run your onshore and offshore business.
Why contact us? Because we are tax-wise.
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