Lease Agricultural/Industrial Land - Bahamas Government Properties

Lease Agricultural/Industrial Land - Bahamas Government Properties
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Leasing of Agricultural and Industrial Property
Persons who are interested in becoming involved in or are already involved in farming or industrial type businesses, have the option of leasing property from the Bahamas Agricultural Industrial Corporation. This avoids the major capital outlay that is usually involved in acquiring property and may be the preferred option for many.
Eligibility
This service is targeted primarily toward Bahamians and persons that are permanent residents here in The Bahamas. Foreign investors may also apply, but need to first seek authorisation to do so from the Bahamas Investment Authority of the Office of the Prime Minister.
Process
Complete and submit the application form and a business proposal, along with the required documents listed below, to any of the Bahamas Agricultural and Industrial Corporation offices listed below.
Complete the Business Proposal that is prepared by the Agricultural Department representative meeting with you.
Once all leasing documentation has been completed, set an interview appointment with the BAIC.
Return to the BAIC for an interview at the scheduled time.
The Property Department would determine the appropriate manager needed to meet with you based on the nature of your proposed business.
Application Form(s)
Application for Land form (the form can be collected at the offices of the BAIC).
Supporting Documents
Proof of Bahamian Nationality / Permanent Resident Status (Passport).
National Insurance Card.
First six months of your Company’s Bank Statement (existing Business Owners).
Business licence.
Certificate of Business Registration.
Authorisation letters from the Office of the Prime Minister and the Bahamas Investment Authority (Foreign Investors).
Turn-around time
Applications are processed within 3 to 6 months.
Deadline
There are no deadlines for this service.
Related Fee(s)
There are no application fees.  However, once approved, fees vary depending upon location.
BS$25.00 per annum per acre (Family Islands only).
BS$1,000.00 per annum per acre or any part thereof (Gladstone Road Industrial Park).
Soldier Road Industrial park prices vary based on square footage and whether there is a building associated with the lease.  Interested persons must contact the main office to get an accurate cost.
For more information please contact
The Agriculture Department at the New Providence Corporate office, or the Domestic Investment Office at any of the other BAIC offices listed below.
New Providence
Address:
Corporate Office, East Bay Street, P.O. Box N-4940, Nassau, New Providence, The Bahamas
Fax:
(242) 322-2123
Email:
nassau@baic.gov.bs
Opening Hours:
9:00 am to 5:00 pm, Monday to Friday, except public holidays
Phone:
+1 242 322 3740
Phone:
+1 242 322 3743
Abaco
Address:
BAIC Office, Marsh Harbour, Abaco, The Bahamas
Tel:
+1 242 367 0066
Fax:
(242) 367-0067
Email:
abaco@baic.gov.bs
Opening Hours:
9:00 am to 5:00 pm, Monday to Friday, except public holidays
Eleuthera
Address:
BAIC Office, Hatchet Bay, Eleuthera, The Bahamas
Tel:
+1 242 335 0416
Fax:
(242) 335-0420
Email:
eleuthera@baic.gov.bs
Opening Hours:
9:00 am to 5:00 pm, Monday to Friday, except public holidays
Grand Bahama
Address:
BAIC Office, Freeport, Grand Bahama, The Bahamas
Tel:
+1 242 352 1888
Fax:
(242) 351-2235
Email:
freeport@baic.gov.bs
Opening Hours:
9:00 am to 5:00 pm, Monday to Friday, except public holidays
Andros
Address:
BAIC Office, Nicholls Town, Andros, The Bahamas
Tel:
+1 242 329 2833
Fax:
(242) 329-2207
Email:
andros@baic.gov.bs
Opening Hours:
9:00 am to 5:00 pm, Monday to Friday, except public holidays
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