Why not take a look at Grand Bahama Island, its got a lot to offer.
Grand Bahama Island lies at the northernmost point of a chain of islands known as The Bahamas (Spanish for “shallow seas “) only 60 miles from the east coast of Florida.
The island is 96 miles long west to east and 17 miles at its widest point.
Great location, all year round sunshine, 57 miles of fantastic beaches, crystal clear warm seas, Caribbean lifestyle, friendly people, safe, English speaking, great food and entertainment.
Leisure activities include golf (4 courses),sports fishing, sailing, scuba diving, all watersports, swimming with dolphins, cricket, football, tennis etc.
Purchasers of property can receive an annual Homeowners card entitling the holder and his family to stay for up to one year without visas.
No Property tax, No Inheritance tax, No Capital Gains tax, No Corporation tax, No Income tax.
Possible to rent property all year without restrictions. Shortage of homes available to rent which are suitable for foreign workers on contracts and tourists requiring more than a “condo”.
Rental yields are excellent with rental income for a 3 bed 2 bath house of $2500-$3000 per month for a one year contract.
New investment coming into the island includes Ross University, College of the Bahamas, Shipyard expansion, Fleming Group and numerous smaller investors.
Freeport the capital is a relatively new city and an International Duty Free port, founded in 1955 by American financier Wallace Groves who was given 150,000 acres in exchange for developing the island.
The roads are modern and traffic drives on the left as in the U.K. The infrastructure has been built to support a population of 250,000 people yet has only approximately 50,000 full time residents. Fresh water is in abundance and the Power Company has a modern reliable supply of electricity. Telecommunications services and facilities are state-of-the-art with direct International links provided through a 100% digital switching system. Cable television and internet are available throughout the island.
It is remarkable in this day and age to find an unspoiled place with no pollution or traffic congestion, only a 30 minute plane ride from Miami or Fort Lauderdale (home to Sawgrass Mills the largest shopping mall in the world) and 45 mins to Orlando home of Disney World.
Grand Bahama offers a chance to get in on the ground floor of some tremendous growth. The island is only just beginning to be discovered, it often reminds people of the opportunities they saw 40 years ago in Florida. Check it out !!