Nassau is home to weatherbeaten, ancient forts; elegant, noble architecture; and fine local and international crafts and goods, from handmade lengths of batik to Rolex watches. An abundance of posh resort hotels, casinos, cabaret shows, and cruise ship docks make Nassau a vibrant center for entertainment as well as commerce.
Parliament Square in downtown Nassau is the traditional center of the Bahamian government. Here, picturesque pastel buildings erected in the early 1800s by Loyalists, including the Houses of Parliament, the old Colonial Secretary's Office, the Supreme Court, surround a marble statue of Queen Victoria. Further downtown stands Fort Charlotte. Built in 1788, it is complete with moat, open battlements and dungeons. Standing by this impressive structure, one can almost hear the sound of cannon fire and the chilling laughter of marauding pirates above the splashes of waves.
For a larger perspective of Nassau, go across the Cay to Coral Island, with its hundred foot tower and commanding view. Or descend into its underwater observatory for close encounters with stingrays and other creatures. You can even send details of your adventure from the world's only underwater mailbox.
For encounters of a different kind, venture east and cross the bridge from the town of Nassau to "Paradise," with resorts, casinos and exciting nightlife on an island formerly called "Hog." Its transformation is not unlike Cinderella's putting on the glass slipper. For years the island stood completely undeveloped, its beaches and tropical splendor unnoticed by the world. Suddenly, with the addition of luxurious hotels and a sparkling casino, it was transformed into one of the most glamorous and celebrated resort centers in the world, combining exclusive tranquillity and lots of action. Reclusive millionaire Howard Hughes and the former Shah of Iran are among those who have found refuge here.
Real Estate Info
Investing in real estate in the Bahamas has never been easier. Under the International Persons Landholding Act, approval is granted automatically for non-Bahamians to purchase residential property of less than five acres on any single island in The Bahamas, except where the property constitutes over fifty per cent of the land area of a cay (small island) or involves ownership of an airport or marina.
The new law also provides for a two-year real property tax exemption for foreign persons acquiring undeveloped land in The Bahamas for development purposes, provided that substantial development occurs during those two years.
