International Persons Landholding Act, 1993 (Cap. 140).
Country
Type of law
Legislation
Date of original text
Date of latest amendment
Abstract
This Act provides rules relative to the holding of title and other rights in land by persons other than a permanent resident or other than persons acquiring land or an interest in land under a devise or by inheritance (“Non-Bahamian”) and makes provision for control by the State on the holding of title in land in the Bahamas by foreigners. Acquisition of land, other than by non-Bahamians, shall be registered with the Secretary of the Investments Board, which is established under this Act. Acquisition and land or freehold or leasehold title by non-Bahamians requires a permit of the Secretary of the Board and shall also be registered in accordance with this Act. Other matters regulated by this Act include the registration of certain business leases and functions and powers of the Board.
Attached files
Web site
Long title of text
An Act to repeal the Immovable Property (Acquisition by Foreign Persons) Act, Chapter 125 and to facilitate the holding of land by non-bahamians and by companies under their control.
Notes
Consolidated version of Act No. 41 of 1993 as at 31 December 2009 and amended last by Act No. 31 of 2009 and authorized last by LRO 1/2010.This Act repeals the Immovable Property (Acquisition by Foreign Persons) Act, Chapter 125.
Repealed
No
Source language
English
Legislation Amendment
No
Amended by