The Government of the Bahamas’ property ownership policy has very little limitations when it comes to foreigners purchasing real estate in Harbour Island. In fact, in order to promote economic growth and development and to support an investment-friendly climate the Bahamas Government has made available the International Persons Landholding Act, 1993, which allows for the sale of property to non-Bahamians.
Under 2 acres – single-family use
If you are a non-Bahamian citizen and do not currently own property on any of the islands you only need to register your investment with the government if:
1. You are buying less than two acres.
2. You are buying a home for a single family that sits on less than two acres of land.
Over 2 acres or 2 acres other than single-family use
If you are purchasing a property for anything other than single-family use, or the property is larger than two acres, you need to apply for a Government permit to purchase the property. There is a fee for this permit.