Bahamas Outlines Residency Routes and Costs for Foreign Retirees

The Bahamas offers three legal routes for foreigners planning to retire in the country: the Annual Permit to Reside, the Home Owner Resident Permit, and Economic permanent residence. The Immigration Department describes the Annual Permit to Reside as a permit for people living in the country for purposes other than working. The Immigration Department also publishes the current fee scale and checklists for these routes.

The choice of residency route, along with permit fees, imported costs, and hurricane risk, determines the financial planning for foreigners choosing to retire in the Bahamas. Economic permanent residence is noted as the only permanent route, resting on a large, long-held investment.