The Bahamas targets HNWIs with new residency programme

The Bahamas' Ministry of Financial Services has developed a tax residency programme to serve as a gateway to more permanent residence for HNWIs. This programme grants successful applicants the right to reside in the Bahamas for a period of up to three years and gives them a certificate of tax residence. To maintain access to these benefits, however, investors must make the Bahamas their home (or main) residence, living in the country for at least 90 days and declaring they will spend less than 183 days in any other single country. If they fail to abide by these rules, a ‘substanti...