Industry Legislation
NOTE: Several of the Acts outlined in this site are available for download in PDF format from the Bahamas Compliance Commission. To visit their website click here. The link will be open a new browser window. To return to the BFSB site, simply close the new window.
AN ACT TO REPEAL THE IMMOVABLE PROPERTY (ACQUISITION BY FOREIGN
PERSONS) ACT, AND TO FACILITATE THE HOLDING OF LANDBY NON-BAHAMIANS
AND BY COMPANIES UNDER THEIR CONTROL
The International Persons Landholding Act
Date of Assent: 31st December, 1993
Section 1 Short Title & Commencement
Section 2 Repeal of Immovable Property (Acquisition of Foreign Persons)
Act
Section 3 No Permit Required for Certain Purchases of Property
by Non- Bahamians
Section 4 Permit Required for Certain Purchases of Property by
Non-Bahamians
Section 5 Recording of Registration Certificate or Permit with Acquisition
Documents in Registrar General's Department
Section 6 Mortgages or Debenture Holder Does Not Require a Permit
Section 7 Holding of Land Acquired by a Non-Bahamian Under Order
of
a Court or by going into possession as a Mortgagee
Section 8 Only Registration with Board Required in Certain Cases
Section 9 Requirement to Register Certain Business Leases
Section 10 Non-Bahamian to Pay Same Stamp Duty as Bahamian
Section 11 Issue of an Annual Residence Card to Non-Bahamian
Section 12 Establishment of the Board
Section 13 Amendment of Schedule
Section 14 Interpretation
Schedule - Forms
AN ACT TO AMEND THE INTERNATIONAL PERSONS LANDHOLDING ACT
The International Persons Landholding (Amendment) Act
Date of Assent: 9th May, 1995
Section 1 Short Title
Section 2 Amendment of Principal Act (Creation of Section 7a)-Exemption
of Religious Organisations
AN ACT TO AMEND THE INTERNATIONAL PERSONS LANDHOLDING ACT
The International Persons Landholding (Amendment) Act
Date of Asset: 16th November, 1995
Section 1 Short title
Section 2 Amendment of Section 4 of the Principal Act-Insertion
of Subsection 4
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