EXPEC T BE T TER
f o r re a l e s tate i n t h e b a h a m a s
INVESTMENT & AQUISITION OPPORTUNITIES “The Private Island & Resorts Edition”
Investors Paradise The
Bahamas
is
an
investors
inheritance, withholding, profit
company, partnership, individual
paradise for a number of reasons.
remittance, corporate, royalty,
or joint venture
Some of them include investment
personal income, dividends, &
incentive policies, skilled professional
interest taxes is ensured
• Principals - investors, major beneficial shareholders, including
workforce, proximity to key markets,
• A politically & economically
their dates and places of birth, as
sound legal framework & stable
stable environment conducive to
well as passport or social security
government and economy.
private investment
numbers • Proposed location
Investment Environment
Investment Proposal
• Land requirements
The Bahamas government provides:
An international investor seeking to
• Start-up date
• An
safe
do business in The Bahamas should
• Employment
investment and expropriation
submit to The Bahamas Investment
number of Bahamian and non
of investment capital is not
Authority
Bahamian employees
considered.
containing:
atmosphere
• Essential
public
for
services,
including water, electricity and communications • Freedom from capital gains,
• Name
a
project
proposal
Projections
-
• Management/Personnel - years &
address
including
telephone • Executive summary • Type of Business - whether share
of experience, training and work permits for key personnel • Financial
arrangements
for
project, including bank reference
• Environmental impact - toxic
• Free Trade Zone Act
waste, disposal procedures, toxic
fees. Sometimes property owners list a n et sales figure, in which case
Areas Targeted For Foreign the agent adds those charges to the
input • Total capital investment in project
Investors
with a break down of items
• Touristic Resorts
and start up costs. Minimum
• Upscale condos, time-share &
investment is $500,000
second home development
price quoted to prospective buyers.
Stamp duty on mortgages is payable at a rate of 1% on the amount borrowed.
• Marinas
The Bahamas Bar association follows
Investment Incentives
• Information/Data Processing
a minimum scale fee for conveyances
Investment incentives under the
• Assembly industries
and mortgage transactions at 2.5%
following
• High-tech services
of the sale price plus out of pocket
• Ship registration, repair and
expenses.
Acts
include,
among
other incentives, exemption from the payment of customs duties
other ship services
on certain construction materials,
• Light Manufacturing for export
Value Added Tax (VAT)
related equipment and approved raw
• Agro-Industries
VAT charges of 12% will be levied
materials. Additionally, waiver of real
• Food Processing
on commissions, legal fees and
property taxes is available for certain
• Mari-culture
appraisals, as well as commercial
investments for periods up to 20
• Banking & other financial services
property transactions including the
years:
• Captive insurance
sales price, rentals and Common Area
• Export Manufacturing Industries
• Aircraft services
Maintenance (CAM). VAT is not
• City of Nassau Revitalization Act
• Pharmaceutical manufacture
applicable on real estate transactions
• Industries Encouragement Act
• Offshore medical centres
below $100,000.
• Agricultural Manufactories Act • Bahamas Vacation Plan & Time Sharing Act
Stamp Duty Stamp duty is now 2.5% on all Real
• Tariff Act
Estate Transactions. In property
• Hotels Encouragement Act
sales, the vendor and purchaser
• Spirits & Beer Manufacturer Act
each pay half the stamp duty unless
• Hawksbill Creek Agreement Act
otherwise agreed. Sellers generally
• Family Island Development Act
pay comission, stamp duty & legal
About The Bahamas Demographics
Infrastructural Development
Starting 60 miles off of the coast of South Florida, The
Recent and substantial infrastructural development
Bahamas is a 700 island archipelago. Most inhabitants
initiatives include the redevelopment of the country’s
live on the major islands; New Providence, Grand
principal airport; the deepening of Nassau Harbour,
Bahama, Eleuthera, Abaco, Exuma, Long Island, Inagua,
and the creation of a new cargo port. In April2011, the
Cat Island, Bimini, Andros & San Salvador.
government privatized the local telecommunications company, with the expectation of wider and higher
Currency
quality services, as well as reduced cost to the consumer,
The legally acceptable currency of The Bahamas is The
in particular to the business community. Each of these
Bahamian Dollar. The U.S. dollar is accepted throughout
initiatives have served more effectively to connect the
The Bahama Islands. The Exchange control is administered
Bahamas internally and to the international markets to
by The Central Bank of The Bahamas.
which we cater.
Government
Green Incentives
The Constitution of The Bahamas proclaims the islands as
Import duties have been substantially reduced or
a sovereign democratic state, sets forth requirements for
eliminated on many green products including energy
citizenship & guarantees fundamental human rights. The
efficient appliances and fixtures, solar equipment, plus
Bahamas has had over 300 years of stable democracy.
electrical cars.
Kevalli House, Exuma KEY FEATURES: Beachfront, Harbour Front, Marina, Bike Paths, Furnished, Guest Cottages, Main House, Guest House Kevalli House on Stocking Island offers a main house, Cottages, a Guest House and Marina, Kevalli House can be a Residential or Commerical dream for you. The Kevalli House Stocking Island offers the following The Main House: Consisting of of 2,600 sq. ft. of living space, the main house has poured concrete construction and is in excellent condition. With a newly renovated kitchen, a well installed solar system and a deck providing 2,000 sq. ft. to a view that overlooks the harbor, this house is the perfect mixture of modern and island styled living. Additionally, there is a Pavilion at the top of the hill overlooking Exuma Sound and Elizabeth Harbor that can accommodate over 100 people. The Cottages: Both Cottages combined are equal to 2,500 sq. ft. of living space. Each containing a full equipped kitchen, spacious bathroom, dinning area and sitting area. The cottages share a recreational room, an airy screened-in sitting area and a patio for outdoor dinning. Each cottage has a separate bedroom behind French doors and a private deck. The Guest House: This 2,400 sq. ft. Guest House has an airy screened-in wrapped around porch and sun deck. On the deck there are several places to enjoy an evening of outdoor dinning, a relaxing afternoon or morning in the sun. Commercially, the guest house provides a peaceful, private waterside living experience for long or short term rentals. The Guest House sleeps 4-6 people. The Marina: Short and long term boat storage in one of the best hurricane holes in the Bahamas. The facility features 15 moorings and 9 slips for vessels up to 70ft in length or a maximum of 6 1\2 foot draft. OFFERED AT: $9,500,000
Va c a n t L a n d
Spectabilis Island, Exuma Cays KEY FEATURES: Sandy Beaches, Rolling Hills, Rocky Shore, Natural Deep Water Access Channel This island sanctuary is offered only to the discerning buyers who reached the apogee in society and who are seeking and able to afford the absolute best of the best in the world, while having absolute privacy and unmatched beauty. Spectabilis Island is conveniently located in the central Exuma Cays approximately 60 miles from the capital and 230 miles from Miami. The Cay sits in a league of its own separated by a dozen pristine powder white sandy beaches, rolling hills with breathtaking views and elevations and unrestricted aviation access with a proposed Heli-pad, seaplane ramp and ample room for a private air strip. Unlike many of the other Cays in the Exuma chain, Spectabilis Island boast a protected natural deep water access channel that allows one to bring deep hull Yachts of just about any length right to the island. The Exuma Cays are home to about a dozen of the most discerning celebrities and billionaires which clearly states the confidence, safety and desirability of the location. OFFERED AT: $75,000,000
Charles Island, Eleuthera KEY FEATURES: International Airport Nearby, Utilities In Place, Elevated Ridges, Deepwater Charles Island is an island, near the settlement of Spanish Wells, in Eleuthera, Bahamas. It is approximately 55 +/acres of fee simple land. This island property already has electric and water lines in place. The electric lines run across the harbour from Spanish Wells. This is a big advantage in moving forward quickly with any development plans, as it can sometimes take years to get all the groundwork done and get the utilities in place. The power plant in Spanish Wells is reputed to be the best in the entire Bahamas. It is a reliable and well run entity. This Luxury Private Island Eleuthera Bahamas has multiple ridges that offer wonderful views and good elevations, as well as some low areas. The low areas, given proper development, would allow for a wonderful private harbour and/or canals. There is deep water around much of the island. The fishing and diving, within minutes from this island, is diverse and excellent. There are beach like areas along parts of the perimeter, that with just a little improvement, would be private, yet of a decent size and should be easily sustained. The close proximity to the settlement of Spanish Wells is a real benefit. The island has the infrastructure to support development as there are building supplies, contractors, dry dock and repairs, mechanics, well stocked grocery storesthese even still offer home delivery. There are freight boats (from the US, Nassau, and other islands every week), golf cart and car rentals, taxi and water taxi services, courier services, clinics and doctors, banks, even customs and immigration, as well as many other businesses that support and contribute to a comfortable lifestyle. OFFERED AT: $16,000,000
Jim Cay, Exuma KEY FEATURES: Beaches, Rocky Shore, Natural Vegetation Jim Cay Private Island, approximately 8 Acres in the Exuma Cays and about 20 miles South of Staniel Cay and approximately 33 miles Northwest of Georgetown Exuma International Airport. Pristine white powder beach and turquoise waters. Accessible by boat, helicopter and float plane, neighboring Musha Cay is a 150-acre, privately owned island located 85 miles (137 km) southeast of Nassau and is owned by illusionist David Copperfield. OFFERED AT: $9,000,000
Neptunes Nest, Berry Islands KEY FEATURES: Beaches, Safe Harbour, High Cliffs, Rocky Shore The Enchanting 117 Acre Private Island, called Neptune’s Nest by the owners, and also known as Devil’s Cay, is located in the beautiful Berry Islands. The Berry Islands are a cluster of 30 islands and almost 100 cays. The pristine waters offer spectacular diving and championship Sports Fishing. The Spectacular 117 Acre Private Island is approximately one mile long by 3/ 4 mile wide, spanning 117 acres with white sandy beaches along both the western and eastern shores with a high ridge that runs north to south. On the Southeastern shoreline are several white sandy beaches protected and separated by high cliffs or bluffs. Neptune’s Nest, space to breathe and the opportunity to fulfill the aspirations of new energy and environmental choices of a Better Lifestyle! This Private Island will be the perfect platform to introduce innovative solutions for 100% green living! It is an Ideal Location for Eco-friendlyLuxury Boutique/Spa Resort or perhaps Personal or Corporate Retreat! This is a fantastic opportunity with many possibilities for the new owner. OFFERED AT: $7,950,000
Carriearl Hotel, Great Harbour Cay KEY FEATURES: Beachfront, Pool, Restuarant & Bar, Owners Quarters, Permissions In Place for Future Development Boutique hotel on Great Harbour Cay with 4 charming bedrooms with ensuite bathrooms. Features of this hotel include a cocktail lounge and bar that overlooks the beautiful secluded and untouched Sugar Beach Bay, a restaurant with a full commercial kitchen, and a dining room/ living room that overflows on to exterior patio. The 50 x 20 freshwater was originally built and designed by the previous owner of the home turned hotel, Earl Blackwell. There currently is an owner’s quarters that can be utilized as a 5th bedroom. This charming hotel has great room for expansion as the owner has plans and permission to expand the hotel vertically with 7 additional rooms as well as plans and permissions to build 5 additional cottages on the property. Being deemed a commercial hotel benefits from the Hotel Encouragement Act allowing the owner to benefit from duty exemptions on imported materials and no real property tax. Great Harbour Cay was developed in the late 1960s as an exclusive haven for the rich and famous. The roads, airport and 18 hole Joe Lee golf course were built then. Celebrities likeCary Grant, Brigitte Bardot ,Margot Fonteyn , Ingrid Bergman, Earl Blackwell andJack Nicklaus were regular visitors. The island now remains in an untouched state ready for development and expansion which beautiful untouched beaches. There are opportunities for bone fishing, scuba diving, snorkeling, kayaking and many other adventures around the island. The Carriearl Hotel on Great Harbour Cayhas amazing potential to facilitate guests for VIP excursions from Great Stirrup Cay operated by Norwegian Cruise lines and Coco Cay operated by Royal Caribbean Cruise Lines, both very short boat rides away. Take advantage of this opportunity to become a hotel owner in the Bahamas. OFFERED AT: $2,200,000
D E V E LO P E D L and
Whale Cay, Berry Islands KEY FEATURES: Generator, Rainwater Tanks, Storage Buildings, Lighthouse, Sea Plane Hangar, Beach Access Whale Cay is a Private Island, consisting of a total acreage estimated to be between 711 acres and 850 acres. Primed for residential development, with 570 to 711 acres included, total acreage to be conveyed subject to final survey. There are 12 miles of shoreline and 13 sandy beaches. Easily accessible by boat, seaplane or by the 4,000 foot paved airstrip. Phase 1 extends around the coastline in the southern section of the island comprising 155 lots. Some of these lots have been developed with single family residences. Phase 2 consists of 60 lots with preliminary government approval having been granted to be developed in the northern section of the island. Total number of lots included in the offering are 75 lots in Phase 1 and all of Phase 2. Included in the sale are a number of buildings such as The Great House, storage buildings, sea plane hangar, Lighthouse and more. Most of the buildings have fallen into disrepair. Utilities are Generators and Rainwater tanks. OFFERED AT: $20,000,000
Lumber Cay, Exuma Cays KEY FEATURES: Great Elevations, Deep Water Access, Pristine Beaches Lumber Cay Private Island, approximately 30 Acres and 700 feet south of Staniel Cay in the Exumas. Pristine white powder beach and turquoise waters. A protected basin on the western side of the Cay. Accessible by boat, helicopter and float plane. Good Elevation, great Location and relatively deep water access. Neighboring Staniel Cay offers 9 charming cottages, an 18-slip marina, a 3,000-ft. airstrip and a clubhouse with a wonderful restaurant and casual island bar. The island of Lumber Cay is nestled in the magnificent chain of Bahamian Islands called The Exuma Cays (a.k.a. “Exumas�). Lumber Cay lies approximately 75 miles south of Nassau and 250 miles of southeast of Florida. OFFERED AT: $18,000,000
Foots Cay, Abaco KEY FEATURES: Harbour, Underground Utilities, Dockage, Generator, Reverse Osmosis System, High Speed Communication This enchanting 20 acre private island on the Sea of Abaco captures the essence of island living. The four suite “Main house” with it’s impressive vaulted ceilings, massive doors, and limestone floor evokes a sense of grandeur with a clean, simple aesthetic. Wide covered verandas flow seamlessly from the great room and offer gracious outdoor living and dining areas. With professional quality appliances and seating for twenty, this house serves as the backdrop for truly memorable dining experiences. The three bedroom guest house is a more traditional Bahamian style cottage with cypress interiors and terra cotta tile floors. Tucked away at the end of the western beach is another two bedroom guest cottage. With it’s spacious living area and kitchen, guests can enjoy their stay on the island in comfort and privacy. Amenities include a cut-out harbor for two yachts up to 45ft, dedicated underground electric and phone service, two large docks on either side of the island, automated standby generator, reverse osmosis water system, high-speed communications, and managers office. OFFERED AT: $16,000,000
Big Fish Cay, Abaco KEY FEATURES: Dockage, Beachfront, Approvals obtained for additional villas, condos, shops and a hotel An entire 55 acre private island including Key West styled development for sale in The Bahamas. After several years spent diligently gaining the necessary government approvals, duty exemptions and planning permissions, the freehold of this pristine island Big Fish Cay is now offered for sale. The entire island totaling over 55 acres is located in the northern Bahamas 8.5 miles off the coast of Abaco. The Abacos are famous for sailing, fishing, snorkeling and diving and are frequented by thousands of Florida boaters throughout each year. Big Fish Cay is suitable as either a commercial or private island development. The island has received significant exemptions and permissions from the Bahamian Government for the development as a resort. Approval has been obtained for additional villas, condos, shops and a hotel allowing for substantial development of this private island. Don’t miss this incredible opportunity to purchase a beautiful private island located just 120 miles from Florida! OFFERED AT: $4,500,000
About The Bahamas Demographics
Infrastructural Development
Starting 60 miles off of the coast of South Florida, The
Recent and substantial infrastructural development
Bahamas is a 700 island archipelago. Most inhabitants
initiatives include the redevelopment of the country’s
live on the major islands; New Providence, Grand
principal airport; the deepening of Nassau Harbour,
Bahama, Eleuthera, Abaco, Exuma, Long Island, Inagua,
and the creation of a new cargo port. In April2011, the
Cat Island, Bimini, Andros & San Salvador.
government privatized the local telecommunications company, with the expectation of wider and higher
Currency
quality services, as well as reduced cost to the consumer,
The legally acceptable currency of The Bahamas is The
in particular to the business community. Each of these
Bahamian Dollar. The U.S. dollar is accepted throughout
initiatives have served more effectively to connect the
The Bahama Islands. The Exchange control is administered
Bahamas internally and to the international markets to
by The Central Bank of The Bahamas.
which we cater.
Government
Green Incentives
The Constitution of The Bahamas proclaims the islands as
Import duties have been substantially reduced or
a sovereign democratic state, sets forth requirements for
eliminated on many green products including energy
citizenship & guarantees fundamental human rights. The
efficient appliances and fixtures, solar equipment, plus
Bahamas has had over 300 years of stable democracy.
electrical cars.
Sheldon Pitt Sheldon Pitt is from the mystical island of Bimini. As he would describe Bimini, it’s “The smallest largest island in The Bahamas”. Sheldon spent most of his life traveling around the world, from the islands of The Bahamas to living in the United States, Canada, Europe and Central America, where he sailed for many years. Sheldon started his career in real estate 10 years ago in Toronto, Canada where he bought and sold property (better known as house flipping). After many years of working and living in Toronto, where he financed residential and commercial projects of all sizes, he is a veteran in the real estate industry. Upon returning to The Bahamas, and with his love for the real estate industry, he joined the team at Mario Carey Realty (MCR) in early 2011.
Sheldon’s background in house flipping is where he found his passion for real estate. Along with his superior knowledge of the local markets, Sheldon is a single point of contact for all your real estate needs whether you’re selling, buying or renting a property. Being an island boy he also has a unique outlook on family island life and knows what a client is looking for when it comes to the family islands. In less than a year in the real estate market in The Bahamas, Sheldon has reached over $1 million in sales. When he is not working with buyers and sellers to find their next dream property, you can find him enjoying outdoor activities such as camping, boating, farming and hiking.
Samia Donaldson Born and raised in Freeport, Grand Bahama, Samia Donaldson is the newest and youngest agent at MCR. Her determination during her early academic career enabled her to graduate from high school with honors, and complete an Associates degree in Accounting shortly thereafter. Samia completed her Bachelors degree in Marketing at Southern New Hampshire University, and kicked off her professional career with marketing and sales positions at the Bahamas Telecommunications Cooperation. She moved on to serve as a Marketing Assistant at the Bahamas Festival Commission, the organization responsible for Bahamas Junkanoo Carnival, and her work ethic and skill qualified her for the role of Sponsorship Coordinator during her tenure there. Her experience in business was also developed as she performed in financial and operational positions at her mother’s maintenance company.
Despite her academic and professional achievements to date, Samia is not all business! She is an avid cook and enjoys reading in her spare time. As a self described recreational tennis player, her motivational and competitive side shines through on the court, despite what her bubbly personality and big smile may lead you to believe. Samia is here to take home the glory whether on the court or in sales!
Samia’s marketing experience and skills, coupled with her business knowledge has enabled her to secure over $4M in listings to date and she does not plan on slowing down any time soon. Her zealous drive for success and her positive outlook on solving problems and life in general will propel her to exceed sales targets as well as client expectations. Samia’s passion for education and pursuing knowledge shines through her determination to surpass her peers in real estate, and is sure to bring the perfect purchase or sale for her clients.
Contact us for Investment Opportunities and Permanent Residency in The Bahamas! Samia Donaldson 242.421.1084 samia@bettermcrbahamas.com Sheldon Pitt 242.544.7509 sheldon@bettermcrbahamas.com
