Planning to invest your well earned money in The Bahamas? We have put together a series of Bahamian legislative acts allowing incentives and concessions to both local and international investors interested in taking advantage of the concessions and other incentives offered by the Bahamas.

 THE BAHAMAS VACATION PLAN AND TIMESHARING ACT

This is an Act to provide for the creation, regulation and management of timesharing and vacation plans, and for other connected purposes. This is presently under review and subject to change.

 The following conditions are necessary to qualify for concessions:

• Non – Bahamian investors must follow National Investment Policy guidelines;
• Time share projects must comprise of at least 50 units in New Providence and 25 units in the Family Islands;
• An application for a license must be made.

Custom Duties Exemptions:

• Building equipment and equipment for construction only.

Mario L. McCartney [esq.], B.A [Hons], LLB [Hons.] practices as Founder and Principal of the Chambers of LEX JUSTIS, a boutique law practice in Nassau, New Providence, The Bahamas. While presently engaged in general legal practice, Mr. McCartney’s specialty lies in debt recovery and offshore financial and corporate services, and is currently registered as a Compliance and Anti-Money Laundering Reporting Officer (CMLRO) for his Chambers. Mr. McCartney is also the present editor and main contributor of LEX JUSTIS blog site and welcomes all opinions and comments to his articles.

For further information on all legal services provided by Mr. McCartney please visit the LEX JUSTIS website @ www.lexjustis.com or email him at mmccartney@lexjustis.com, mario.l.mccartney@gmail.com.